Jason invests $2085 in an account that pays 3.5 percent simple interest. How much money will Jason have at the end of 9 years?
2302.55 |
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2439.0 |
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2455.41 |
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3291.26 |
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2841.64 |
Jason invests $2085 in an account that pays 3.5 percent simple interest. How much money will...
Beatrice invests $1,320 in an account that pays 4 percent simple interest. How much more could she have earned over a 5-year period if the interest had compounded annually? A.) 32.00 B.) 21.98 C.) 25.60 D.) 18.50
1. Beatrice invests $1,000 in an account that pays 5 percent simple interest. How much more could she have earned over a 10-year period if the interest had compounded annually? A. $135.42 B. $135.97 C. $121.67 D. $117.09 E. $128.89 2. You are Mr. Matthew Stafford’s agent and are negotiating a five year contract. The Lion’s make four offers: (a) $15 million a year for the next 5 years. (b) one-time payment of $95 million five years from now. (c)...
Suzanne invests $20,000 in an account that pays 7% annual compound interest for 3 years. She wants to know how much money she will have at the end of each year. Please draw a timeline and show how much money Suzanne will have accumulated at the end of each calendar year (Years 1-3)
First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest compounded annually. If you made a deposit of $7,500 in each bank, how much more money would you earn from your Second City Bank account at the end of eight years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)diffence in accounts?
Ravi invests $10,000 in an investment account that pays 4% compounded semi-annually. Ravi takes each interest payment and invests it in a savings account that pays 1% compounded monthly. a) How much money does Ravi have at the end of 10 years? b) What is the effective annual rate he earned over 10 years? please show full work done with all formulas
3) Ravi invests $10,000 in an investment account that pays 4% compounded semi- annually. Ravi takes each interest payment and invests it in a savings account that pays 1% compounded monthly. a) How much money does Ravi have at the end of 10 years? b) What is the effective annual rate he earned over 10 years?
3) Ravi invests $10,000 in an investment account that pays 4% compounded semi- annually. Ravi takes each interest payment and invests it in a savings account that pays 1% compounded monthly. a) How much money does Ravi have at the end of 10 years? b) What is the effective annual rate he earned over 10 years?
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually.If you made a $ 57,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years? (Do not round intermediate calculations and round your answer 10 2 decimal places, e.g., 32.16.Difference in accounts = $_______
(5 marks) Planters Bank pays 5 percent simple interest on its savings account balances, whereas Centura Bank pays 5 percent compounded annually. If you made a RM12,000 deposit in each bank, how much more money would you earn from your Centura Bank account at the end of 20 years?
6) Suppose you save money at a bank that pays 3% per year in simple interest. If you open the account with $1000, and in addition to the interest that the bank pays, on the last day of each year, you deposit $200 more into the account. Give a recurrence relation for S(n) your money at the end of n years, forn 20. How much money will you have at the end of 4 years?