Tim deposits $10 every month into a retirement account which averages 18% interest compounded monthly. How much will be in this account after 45 years?

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  1. finance

    Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $470 per month invested at 5%, compounded monthly, for 7 years; then $709 per month invested at 7%,

  2. Business Finance

    You deposit $300 each month into an account earning 5% interest compounded monthly. a) How much will you have in the account in 25 years? $ b) How much total money will you put into the account? c) How much total interest will you earn?

  3. Business Finance

    Deposit $300 each month into an account earning 7% interest compounded monthly. How much total money will you put into the account? How much total interest will you earn?

  4. algebra

    Four different accounts are described below. Order the accounts according to their values after 20 years, from greatest to least. 1.You deposit 1500$ in an account that earns 5% annual interest compounded quarterly. 2. You deposit 1500$ in an account that

  5. Math

    Luis has $150,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until his

  6. Math

    At age 25 someone sets up an IRA​ (individual retirement​ account) with an APR of 4%. At the end of each month he deposits ​$85 in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits made

  7. Algebra

    You want to have $600,000 when you retire in 20 years. If you can earn 3% interest compounded monthly, how much would you need to deposit now into the account to reach your retirement goal?

  8. Lat math question for some days. Can y'all help?

    Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account earned more interest? How

  9. PLEASE HELP Math

    As a fringe benefit for the past 8 years, Colin's employer has contributed $50 at the end of each month into an employee retirement account for Colin that pays interest at the rate of 8%/year compounded monthly. Colin has also contributed $2,000 at the end

  10. Finances

    You want to be able to withdraw $20,000 from your account each year for 15 years after you retire. If you expect to retire in 20 years and your account earns 7.4% interest while saving for retirement and 4.8% interest while retired: Round your answers to

  11. Finances

    You want to be able to withdraw $20,000 from your account each year for 30 years after you retire. If you expect to retire in 25 years and your account earns 6.1% interest while saving for retirement and 5.7% interest while retired: Round your answers to

  12. Math

    Luis has $100,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000/quarter into the new account until his

  13. Finite Mathematics

    Jessica wants to accumulate $14,000 by the end of 5 yr in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 5-yr period. If

  14. Calc

    A person deposits money into a retirement account, which pays 7% interest compounded continuously, at a rate of $1000 per year for 20 years. Calculate: a. The balance of the account at the end of 20 years b. the amount of money actually deposited into the

  15. math

    Ben deposits $400 into an account that earns 5% interest compounded annually. Sam deposits the same amount into an account that earns 5% simple interest. Compare the account balances after 2 years.

  16. math

    Saving for retirement by contributing the same amount each month from your 23rd birthday until your 65th birthday, in an account that pays a steady 4% annual interest compounded monthly. How much will be in your fund at age 65 if you save $100 a month?

  17. MATH FINANCE

    Mr. Smith wants to save for his son’s college education. If he deposits $300 each month at 12% compounded monthly, how much (to the nearest penny) will he have in the account after 8 years? Answer = $ HOW DO I SOLVE THIS ??

  18. math

    Lynne is 25 years old and starting an IRA (individual retirement account). She is going to invest $150 at the beginning of each month. The account is expected to earn 5.5% interest, compounded monthly. How much money, rounded to the nearest dollar, will

  19. annuities..math

    Anne Thorne deposits $100 at the end of each month into her savings account which pays 6% interest compounded monthly. How much will be in her account at the end of 2 ½ years?

  20. Finance

    You want to be able to withdraw $25,000 from your account each year for 20 years after you retire. If you expect to retire in 25 years and your account earns 7% interest while saving for retirement and 6.7% interest while retired Round your answers to the

  21. Math

    1. How much will $800 deposited into a savings account at the end of each month be worth after 2 years at 6% interest compounded monthly? 2. How much will $3,500 deposited at the beginning of each 3-month period be worth after 7 years at 12% interest

  22. math

    To save for their retirement, a couple deposits $4000 in an account that pays 5.9% annual interest compounded quarterly. What will be the value of their investment after 20 yr?

  23. Differential Equations

    A college professor contributes $5,000 per year into her retirement fund by making many small deposits throughout the year. The fund grows at a rate of 7% per year compounded continuously. After 30 years, she retires and begins withdrawing from her fund at

  24. Math Help

    You deposit $300 each month into an account earning 8% interest compounded monthly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account? c) How much total interest will you earn?

  25. Financial Math

    A young executive deposits $400 at the end of each month for 9 years and then increases the deposits. If the account earns 6%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25

  26. math

    diane works at a public university and contributes $625 per month in her retirement fund. the fund returns 3.84% a year, compounded monthly. how much will she have in her account after 15 years. b. the economy gets better and the return is 7.72%. So now

  27. math

    if you deposit $700 a month in a savings account that earns 4% interest compounded monthly. how many months to get $3500 and what is the balance in the account.

  28. math

    This problem has to do with exponential models. The question says, you deposit $1600 in a bank account. Find the balance after 3 years for each of the following situations. The first one says: 1. The account pays 2.5% annual interest compounded monthly. 2.

  29. Math

    Finally, Kevin has a client who would like to invest into an account that earns 3.2% interest, which is compounded annually. The client opens the account with an initial deposit of $4,000, and deposits an additional $4,000 into the account each year

  30. Economics

    Ben deposits $5000 now into an account that earns 7.5 percent interest compounded annually. He then deposits $1000 per year at the end of the first and second years. How much will the account contain 10 years after the initial deposit?

  31. finite math,Math

    Since he was 23 years old, Ben has been depositing $200 at the end of each month into a tax-free retirement account earning interest at the rate of 3.5%/year compounded monthly. Larry, who is the same age as Ben, decided to open a tax-free retirement

  32. math

    Investor A deposits 1,000 into an account that earns an interest rate of 6% per annum compounded semi-annually. On the same date, Investor B deposits 800 into an account that earns an interest rate of 8% per annum compounded monthly. After how many years

  33. Business Math

    1. Lee Holmes deposited $16,700 in a new savings account at 6% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,700 at 6% interest compounded semiannually. At the end of year 6, what is the balance in Lee’s

  34. math

    Karen opens a savings account with $1500. She deposits $100 every month into the account that has a 0.85% interest rate, compounded annually. If she doesn’t withdraw any money, what will the account balance be in 10 years?

  35. Math106

    A couple deposits 459 per month paying 6% compounded monthly how much would be in the account in 5 years

  36. math

    a) Enter your desired amount of money you wish to receive each month while retired = $ 2000 b) Upon retirement (40 years from now) you want to receive "x dollars" (amount of money you choose in Part a) each month for a period of 28 years. This money

  37. Algebra

    Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. After c years, Calvin has $658.80. Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. After m years, Makayla has

  38. Finite math

    A bank account pays interest at 12% compounded monthly, and has a monthly fee of $10, deducted at the end of each month. If $13,000 is deposited on January 1, 2013, how much is in the account on January 1, 2016? I have done some question related to

  39. finite math

    A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25

  40. math

    A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25

  41. math,help

    what formula do i use for the following problem: which of the following investments is larger after 19years? a) $7500 is deposited annually and earns 4.5% interest compounded annually. b)$600 is deposited monthly and earns 4.5% interest compounded monthly.

  42. Math

    You deposit $10,000 in an account earning 5% interest, compounded semi-monthly (twice a month). You plan to leave the account untouched for 25 years. How much interest will you earn over the 25 years? Round your answer to the nearest cent.

  43. annuaties

    Mr. Strupp expects to retire in 12 years. Beginning one month after his retirement, he would like to receive $500 per month for twenty years. How much must he deposit into a fund today to be able to do so if the rate of interest on the deposit is 12%

  44. math

    Tim deposits $10 every month into a retirement account which averages 18% interest compounded monthly. How much will be in this account after 45 years?

  45. math

    Tim deposits $10 every month into a retirement account which averages 18% interest compounded monthly. How much will be in this account after 45 years?

  46. Math

    Tim deposits $10 every month into retirement account which averages 18% interest compounded monthly. How much will be in this account after 45 years? (The number of years from age 20 to 65).

  47. Math

    Tim deposits $10 every month into a retirement account which averages 18% interest compounded monthly. How much will be in this account after 45 years? (The number of years form age 20 to 65))

  48. Finite Math and Applied Calculus

    Betty Sue sets up a retirement account. For the first 35 years, she deposits $500 at the end of each month into an account with an annual interest rate of 3.6%, compounded monthly. Then, she stops making monthly payments and transfers the money into a di

  49. Math

    At the end of each quarter, a 50-year-old woman puts $3000 in a retirement account that pays 5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and places it in a mutual fund that pays 6.9% interest compounded monthly.

  50. math

    Rochelle deposits $350 in an account that earns 6% annual interest, compounded quarterly. How much money will be in the account in 8 years? 350(1.06)^32 =2258.685339 Can anyone check what I'm doing is correct or not? Janet deposits %150 every month in an

  51. Mathematics

    Pam and Tim decide to start saving money for their daughter's college education. They open a college savings plan with a 400 initial investment and next month start to make monthly deposits of 100. If the account pays 8.00% compounded monthly, how much

  52. Finance

    1. A man establishes an annuity for retirement by depositing $50,000 into an account that pays 7.2% compounded monthly. Equal monthly withdrawals will be made each month for 5 years, at which time the account will have a zero balance. Each year taxes must

  53. Business Calculus

    Pam and Tim decide to start saving money for their daughter's college education. They open a college savings plan (529) with a 500 dollars initial investment and next month start to make monthly deposits of 120 dollars. If the account pays 8% compounded

  54. algebra

    1. Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly. a. How much total money will she have in the account at the end? b. How much total money did Mary actually deposit? c. How much

  55. ctu

    Diane works at a public university. She contributes $625 at the end of each month to her retirement fund. For the past 10 years, this fund has returned 3.84% a year, compounded monthly. a. Assuming the 3.84% rate continues, how much will she have in her

  56. Math

    Jimmy opens a savings account with a $200 deposit at the beginning of the month. The account earns 4.6% annual interest compounded monthly. At the beginning of each subsequent month, Jimmy deposits an additional $200. How much will the account be worth at

  57. Math

    Jimmy opens a savings account with a $210 deposit at the beginning of the month. The account earns 5% annual interest compounded monthly. At the beginning of each subsequent month, Jimmy deposits an additional $210. How much will the account be worth at

  58. algebra

    Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly. How much total money will she have in the account at the end?

  59. math

    Alex deposits $250 at the end of each month into an account that earns 4% interest compounded monthly. Determine the value of Alex’s account after 10 years. State you answer to the nearest $1

  60. business math

    if I deposited $625 in a retirement account per month and it had a return of 3.84% a year compounded monthly. How much will I have in my account in 15 years?

  61. math

    Linda invests $15,000 in a retirement account that pays 9%interest compounded monthly. How much will she have in this account after 5 years?

  62. Compound math

    (Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest is compounded daily?

  63. Business mathematics

    Rm 200 was saved every month for four years in an account that pays 6% compounded monthly.find the accumulated value if the interest rate was changed to 8% compounded monthly after one year.

  64. math

    To save for their retirement, a couple deposits $4000 in an account that pays 5.9% annual interest compounded quarterly. What will be the value of their investment after 20 yr?

  65. Math

    The winner of a popular lottery is offered one of two options: i) a lump sum of $102 500 ii) $1000 every month for 10 years If the money can be invested at 3.0% p/a, compounded monthly, which option should the winner choose? Justify your reasoning. Every

  66. Math

    Her has $1500 in a retirement account earning 5% interest compounded annually. Each year after the first, she makes and additional deposits of $1500. After 5 years , what was her account balance if she did not make any withdrawals?

  67. math

    John works part-time and earns $400 each month. He deposits his earnings at the end of each month in an account which pays 5.9% compounded monthly. If he does this consistently for three years, how much will he have?

  68. Business Math

    How much will $800 deposited into a savings account at the end of each month be worth after 2 years at 6% interest compounded monthly? (2.5pts) How much will $3,500 deposited at the beginning of each 3-month period be worth after 7 years at 12% interest

  69. finite math

    in order to accumulate enough money for a down payment, a couple deposits $618 each month into a account paying 3% compounded monthly. if payments are made at the end of each period, how much will the account have in 6 years?

  70. Algebra

    Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. After c years, Calvin has $658.80. Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. After m years, Makayla has

  71. gscc

    robin invests $50 on the first of every month into a superannuation account. His employer, Batman, pays 9% of Robin's monthly income of $2500 at the end of the month into the same account. Interest is paid at the rate of 6% p.a. compounded monthly. (a)

  72. maths

    robin invests $50 on the first of every month into a superannuation account. His employer, Batman, pays 9% of Robin's monthly income of $2500 at the end of the month into the same account. Interest is paid at the rate of 6% p.a. compounded monthly. (a)

  73. Finance

    I can't seem to figure this problem out: You make $4,800 annual deposits into a retirement account that pays 10.5 percent interest compounded monthly. Required: How large will your account balance be in 30 years? I feel like I'm really close, though. Here

  74. MAth

    Tammy Smith Deposits $5000.00 in First Internets Bank 5-year CD which pays 5.22% interest compounded monthly how much interest will she have in the account in 5 years?

  75. Math

    A company contributes $170 per month into a retirement fund paying 4.20% compounded monthly and employees are permitted to invest up to $ 2,800 per year into another retirement fund which pays 4.20% compounded annually. How large can the combined

  76. Math

    A company contributes $170 per month into a retirement fund paying 4.20% compounded monthly and employees are permitted to invest up to $ 2,800 per year into another retirement fund which pays 4.20% compounded annually. How large can the combined

  77. Algebra business

    Diane contributes $625 at the end of each month to retirement fund. For the past 10 years this fund has earned 3.84% a year. Compounded monthly, assuming the 3.84% rates continue, how much will she have in her retirement account after 15 years?

  78. math

    How much money do you need to invest each month in a retirement fund with an interest rate of 7% compounded monthly in order to have a million dollars by the time you are 65. Assume you are 18. What was the total amount that you invested? How much interest

  79. Finite Math

    You deposit $300 each month into an account earning 8% interest compounded monthly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account? c) How much total interest will you earn?

  80. mathematics

    RM 350 was saved every month for 5 years in an account that pays 6% compounded monthly. Calculate the accumulated amount if the interest rate was changed to 8% compounded monthly after 2 years.

  81. math

    I keep getting an answer with an exponent and i am not sure what i have done wrong here. Any help is appreciated. To save for his retirement, Jeff puts $800 per month into his savings account every month for 30 years. The savings account pays 9% interest

  82. Math

    Mr. Smith wants to save for his son's college education. If he deposits $400 each month at 3% compounded monthly, how much will he have in the account after 48 months?

  83. math

    Please explain how $12,905.80 is the answer to the question: To save for retirement, a couple deposits $4000 in their account that pays 5.9% interest compounded quarterly. What will be the value of thier investment in 20 years?

  84. math

    In order to accumulate enough money for a down payment on a​ house, a couple deposits $ 688 per month into an account paying 6 % compounded monthly. If payments are made at the end of each​ period, how much money will be in the account in 4 ​years?

  85. Personal Finance

    Suppose you put in a savings account at an APR of 6% compounded monthly. Fill in the table below rounding your answers to the nearest cent. (Calculate the interest and compound it by hand each month rather than using the compound interest formula.) Month

  86. math

    if you deposit $700 a month in a savings account that earns 4% interest compounded monthly. how many months to get $3500 and what is the balance in the account.

  87. math

    You deposit $10,000 in an account earning 3% interest, compounded semi-monthly (twice a month). You plan to leave the account untouched for 25 years. How much interest will you earn over the 25 years?

  88. Math

    From January 1, 2000 to December 31, 2004, First Bank paid 5% interest, compounded monthly. On January 1, 2005, they lowered their rate to 3% interest, compounded monthly. I deposited $100 at the end of each month beginning in January, 2000. How much did I

  89. Business Math 205

    The Stockton Bears Baseball Club Deposits $6,000 at the BEGINNING of each 3-month period for 6 years in an account paying 8% interest compounded quarterly. How much will be in the account at the end of the 6-year period?

  90. math

    how do i solve for this question? Mr. Smith wants to save for his son's college education. If he deposits $300 each month at 10% compounded monthly, how much (to the nearest penny) will he have in the account after 14 years? Answer =

  91. Statistics

    Mary has a savings account and is earning 10% annual interest compounded semi-annually. If she deposits $2,000 in the account every six months for three years, what will the future value of her account be? How much interest will she have earned?

  92. Math

    Please check my work, thank you If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years? A=$8,268.00 Rewrite the statement, using percent notation. Out of every

  93. Finance

    You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4%. When

  94. Business Math ( Future ordinary Annuities)

    Howard has deposited RM1000 at the end of each month into a retirement savings plan for the last 10 years in his working life. His deposits earned an interest rate of 2.5% per month for the first 4 years and 3% per month for the rest of the years. What is

  95. Math

    PLEASE HELP ASAP!!! When you use a credit card, you are charged interest each month on the balance in your account. You can use a spreadsheet to investigate the interest chargeed n a credit-card account. you use a credit card to buy a $450 airline ticket.

  96. math

    28.Nadia intends to get married in eight years time. She estimates that the cost of the wedding will be RM20000 then. She intends to save this amount by making equal monthly deposits at the end of each month in a bank that pays 5% compounded monthly i.How

  97. math

    Nadia intends to get married in eight years time. She estimates that the cost of the wedding will be RM20000 then. She intends to save this amount by making equal monthly deposits at the end of each month in a bank that pays 5% compounded monthly i.How

  98. business math

    If you make two equal deposits now and 5 years from now into an account that pays interest at a rate of 4% compounded annually. IF the goal; is to have $12,000 in the account 12 years from now, what should each of the deposits be? .

  99. Math / Finance

    You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4%. When

  100. Finance

    You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4%. When

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