- Fin Acct.
if you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?
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You deposit $300 each month into an account earning 7% interest compounded monthly. How much will you have in the account in 15 years? How much total money will you put into the account? How much total interest will earn?
Mathematics - Calculus
Suppose that interest on money in the bank accumulates at an annual rate of 5% per year compounded continuously. How much money should be invested today, so that 20 years from now it will be worth $20,000? (Hint: If you're stuck, then model the account
math (check work)
Suppose that Saleem has money in a savings account that pays him interest of 5% per year on the account balance. Now, Saleem takes out $50 a month, and his mother deposits $240 every 6 months into the account. Assuming that the interest is paid and money
Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. With an initial investment of $100, what will be your annual return assuming the manager puts all of your daily earnings into a zero-interest-bearing
If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much money will be in your account after 5 year?
Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions. 1.) How much money will be in the account after 3 years? 2.) How much money will
Are these correct ?. My grade counts on this and I'm not the best at math. I. Interest is ____?. (1pt) a. The amount of money your bank pays you for the use of only your money. b. The amount you might pay for a loan. * c. A percentage rate. d. All of the
Hi! I really do not get how to solve this...Money is transferred continuously into an account at the rate of 5, 000^(e0.015t) dollars per year at time t (years). The account earns interest at the annual rate of 5% compounded continuously. How much will be
You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years? Use n=12 for monthly compounding,n=4 for quarterly compounding,n=2 for semiannual compounding, and n=1 for annual compounding.)
A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly. What is the amount of money that he will have after 3 years