Question

You deposit $150 each month into an account earning 5% interest compounding monthly.

a) How much will you have in the account in 35 years?

b) How much total money will you put in the account?

c) How much total interest will you earn?

Answer #1

You deposit $300 each month into an account earning 5% interest
compounded monthly.
a) How much will you have in the account in 30 years?
$
b) How much total money will you put into the account?
$
c) How much total interest will you earn?
$

You deposit $300 each month into an account earning 2% annual
interest compounded monthly
A. How much money will you have in your account in 35 years?
B. How much total money will you put into the account ?
C. How much total interest will you earn?

You deposit $500 each month into an account earning 4%
interest compounded monthly. How much will you have in the account
in 30 years? How much total money will you put into the account?
How much total intrest will you earn?

You deposit $2000 in an account earning 3% interest compounded
monthly
How much will you have in the account in 20 years?
How much interest will you earn?
You deposit $10,000 in an account earning 4% interest compounded
monthly.
How much will you have in the account in 25 years?
How much interest will you earn?

You deposit $3000 each year into an account earning 6% interest
compounded annually. How much will you have in the account in 35
years?

You deposit $4000 each year into an account earning 3% interest
compounded annually. How much will you have in the account in 25
years?

For 20 years Jenny deposits $500 at the end of each month in an
account earning 4.5% per year compounded monthly.
How much will she have in the account in 20
years?
How much interest did she earn in this 20 year
period?
for the next 25 years Jenny neither deposits nor withdraws any
money while the account continues to earn 4.5% per year compounded
monthly.
How much does Jenny have in the account after
these 25 years?
How much...

If you deposit $12,000 in an interest-bearing account earning
3%, compounded daily, how much will you have at the end of 6
years?

1. If you deposit $6,500 into an account paying 8% annual
interest compounded monthly, how much money will be in the account
after 7 years?
2. If you deposit $5,000 into an account paying 6% annual
interest compounded monthly, how long until there is $8,000 in the
account?
3. At 3% annual interest compounded monthly, how long will it
take to double your money?

1. If you deposit $1600 into an account paying 8% compounded
monthly, how much will you have in 4 years?
2. if you deposit $1600 in an account paying 8% today and
deposit $1600 every year into the account, how much will you have
in 4 years?
3. The average price for a new car today is $29000. If the rate
of inflation is expected to be 3.5% annually, what will a new car
cost in 7 years?
4. You...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 6 minutes ago

asked 6 minutes ago

asked 8 minutes ago

asked 9 minutes ago

asked 9 minutes ago

asked 13 minutes ago

asked 16 minutes ago

asked 17 minutes ago

asked 18 minutes ago

asked 19 minutes ago

asked 19 minutes ago

asked 20 minutes ago