Assuming its the question for simple interest and not compound interest, the interest amount will stay the same each year,
=796*4%
=31.84
If Ariana keeps $796 in her bank account which pays her 4% APR., how much interest...
If Ariana keeps $659 in her bank account which pays her 9% APR., how much interest will she be making per year? Answer: Check
Jamie is making quarterly contributions of of $290 to her
savings account which pays interest at the APR of 7.2%, compounded
quarterly. Right after Jamie makes her 30th contribution, the bank
changes the APR to 4.5% and Jamie makes 54 more $290 contributions.
What is Jamie's balance right after her last contribution?
Jamie is making quarterly contributions of of $290 to her savings account which pays interest at the APR of 7.2%, compounded quarterly. Right after Jamie makes her 30th...
You deposit $1,900 in your bank account. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? Future value $ b. What if the bank pays compound interest (annually)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Compound interest $ c. How much of your earnings will be interest on interest? (Round your answer to 2 decimal places.) Interest on interest $
First Community Bank pays an APR of 6.22% simple interest on its savings account, whereas First Mutual Bank pays an APR of 5.38% compounded semiannually. If you made a deposit of $14,500 in each bank today, which of the bank accounts would be a better investment over a five year investment period ?
For a $1813 deposit, a bank offers two choices: Account A pays interest at an APR of 6.9%. Account B pays an APR of 3.5%, but pays a one-time bonus of $84 at the end of 2 years. What is the final value of account A minus the final value of account B?
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $11061 and the bank charges her 3% APR., how much interest will she be paying over a year? Answer: Check
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $11061 and the bank charges her 3% APR., how much interest will she be paying over a year? Answer: Check
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $9562 and the bank charges her 3% APR., how much interest will she be paying over a year? g 2.0 Answer Check
Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in one year?