A stockbroker has money in three accounts. The interest rates on the three accounts are 10%...
A stockbroker has money in three accounts. The interest rates on the three accounts are 10% , 11% , and 12% . If she has twice as much money invested at 11% as she does in 10%, three times as much at 12% as she has at 10% , and the total interest for the year is $ 136, how much is invested at each rate?
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A stockbroker has money in three accounts. The interest rates on
the three accounts are 10%...
Claire invested some money at 4% simple interest and twice that amount at 5%. her total...
Claire invested some money at 4% simple interest and twice that amount at 5%. her total interest was 490. how much did she invest at each rate?
Mwape has $10, 000 that she wants period Indo Bank compounds interest on annual basis, STANBIC compounds interest twice each year and STANCHART compounds interest each quarter. All three banks hav...
Mwape has $10, 000 that she wants period Indo Bank compounds interest on annual basis, STANBIC compounds interest twice each year and STANCHART compounds interest each quarter. All three banks have a stated annual interest rate of 4%. to deposit in any of the three savings accounts for a 3-year a. What amount would Mwape have at the end of the third year, leaving all interest paid on deposit, 3 marks]) b. What effective annual rate (EAR) would she earn...
An actor invested some money at 8% simple interest, and $49,000 more than twice the amount...
An actor invested some money at 8% simple interest, and $49,000 more than twice the amount at 11%. The total annual intrest earned from the investment was $28,790. How much did he invest at each amount?
Helena earns $2000 this year and will earn $1500 the next year. The interest rate between...
Helena earns $2000 this year and will earn $1500 the next year. The interest rate between each year is 10%. She wants to consume the same quantity each year. She wants to have spent all her money by the end of year 2. Warning: each question does build on each other How much would she save? How much would she consume? If she wins the lottery during the first year, raising her earnings to $10000 this year, how much would...
Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of
9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...
4. Sally invested a sum of money at 10% interest, compounded monthly. She let the sum...
4. Sally invested a sum of money at 10% interest, compounded monthly. She let the sum accumulate interest for 12 years and now has $15,000. What was Sally's initial amount that she invested?
An investor has GH¢40M to invest for a year at a simple interest rate. If part...
An investor has GH¢40M to invest for a year at a simple interest rate. If part is invested at 8% and the rest at 12%, how much should be invested at each rate to yield 11% on the amount invested?
1.) Helena earns $2000 this year and will earn $1500 the next year. The interest rate...
1.) Helena earns $2000 this year and will earn $1500 the next year. The interest rate between each year is 10%. She wants to consume the same quantity each year. She wants to have spent all her money by the end of year 2. Warning: each question does build on each other a.) How much would she save? How much would she consume? b.) If she wins the lottery during the first year, raising her earnings to $10000 this year,...
This problem has three questions. Make sure to answer all three questions. For the following problem,...
This problem has three questions. Make sure to answer all three questions. For the following problem, assume that all debts and payments are incurred at the end of the month and that interest is compounded monthly. Assume that retirement savings are invested in the stock market and earn an annual interest rate of 11%, which is compounded monthly. . Big Spender James gets a credit card at the beginning of his freshman year. • He adds $693 of credit card...
1) Helena earns $2000 this year and will earn $1500 the next year. The interest rate...
1) Helena earns $2000 this year and will earn $1500 the next year. The interest rate between each year is 10%. She wants to consume the same quantity each year. She wants to have spent all her money by the end of year 2. Warning: each question does build on each other a) How much would she save? How much would she consume? b) If she wins the lottery during the first year, raising her earnings to $10000 this year,...
Mwape has $10, 000 that she wants period Indo Bank compounds interest on annual basis, STANBIC compounds interest twice each year and STANCHART compounds interest each quarter. All three banks have a stated annual interest rate of 4%. to deposit in any of the three savings accounts for a 3-year a. What amount would Mwape have at the end of the third year, leaving all interest paid on deposit, 3 marks]) b. What effective annual rate (EAR) would she earn...
This problem has three questions. Make sure to answer all three questions. For the following problem, assume that all debts and payments are incurred at the end of the month and that interest is compounded monthly. Assume that retirement savings are invested in the stock market and earn an annual interest rate of 11%, which is compounded monthly. . Big Spender James gets a credit card at the beginning of his freshman year. • He adds $693 of credit card...
1) Helena earns $2000 this year and will earn $1500 the next year. The interest rate between each year is 10%. She wants to consume the same quantity each year. She wants to have spent all her money by the end of year 2. Warning: each question does build on each other a) How much would she save? How much would she consume? b) If she wins the lottery during the first year, raising her earnings to $10000 this year,...
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