Question

Finance. Suppose that $ 3, 300 is invested at 5.1 % annual interest rate, compounded monthly. How much money will be in the account in (A) 10 months? (B) 8 years?

Answer #1

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Suppose that
$ 5,700
is invested at
5.3 %
annual interest rate, compounded monthly. How much money will be
in the account in
6 months?
24 years?

Suppose $5,000 is invested at 3% annual interest, compounded
monthly
a.) write a function that describes the value of the investment
after t years
b.) how much is the investment worth after 3 years?
c.) When is the investment worth $8,000?

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?

PART 2: FINANCE
a) If you deposit $23,596.00 at 13.23% annual interest
compounded quarterly, how much money will be in the account after 4
years?
b) If you deposit $1036.00 into an account paying 5.46% annual
interest compounded monthly, how many years until there is
$19,912.00 in the account?
c) What is the value today of receiving a single payment of
$55,961.00 13 years if your required rate of return on this
investment is 14.25% compounded semi-annually?
d) If you...

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?

Suppose $5,400 is invested in an account at an annual interest
rate of 3.9% compounded continuously. How long (to the nearest
tenth of a year) will it take the investment to double in size?
Answer:

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?
$

Jennifer has
$7,000
invested in a money market account
that pays 1.5% interest compounded monthly at the end of
each month. She makes deposits at the end of each month
of
$150
. How much will she have in the account
after 3 years?

1) You deposit $500 each month into an account earning 3%
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?
2) Suppose you invest $190 a month for 6 years into an account
earning 7% compounded monthly. After 6 years, you leave the money,
without making additional deposits, in the account for another 21
years....

Gordon invested $43,000 into a CD compounded quarterly with an
annual interest rate of 3.05%. Determine how much money Gordon
would have after 8 years. Round your answer to the nearest cent.
Provide only a numerical answer (For example, if the final amount
came to $5,023.97, then you would input 5023.97).

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