An account is opened with an initial deposit of $3,000 and earns
4.1% interest compounded quarterly.
What will the account be worth in 2 years?
An account is opened with an initial deposit of $3,000 and earns 4.1% interest compounded quarterly....
2. A retirement account is opened with an initial deposit of $6,500 and earns 9.16% interest compounded monthly. What will the account be worth in 45 years? (Round your answer to the nearest cent.)
Calculate compound interest Question An account is opened with an initial deposit of $5,500 and earns 2.5% interest compounded annually. What will the account be worth in 10 years? Round your answer to the nearest dollar. Provide your answer below:
i think you could ise this method An initial investment of $3,000 earns 6% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $10709.92 x Submission 2 (0/1 points) Wednesday, July 29, 2020 10:52 PM CDT An initial Investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 7789.92 x Submission 3 (0/1 points) Wednesday,...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ Need Help? Read Watch It Talk to a Tutor
If you deposit $10,000 today in an account that earns 14.5% compounded annually, how much will the account be worth in 45 years? You have the opportunity to purchase an investment that will pay $1,625,000 at the end of 40 years. If your required rate of return on this investment is 13.2%, what is the maximum amount you should be willing to pay for it? Your grandparents deposited a $10,000 birthday check for you when you were...
1. Suppose an investment account is opened with an initial deposit of $18,500 earning 6.75% interest, compounded continuously. How much will the account be worth after 25 years? (Round your answer to two decimal places.) 2. Use the Rational Zero Theorem to find all rational zeros of the polynomial equation. (Enter your answers as a comma-separated list.) 5x3 + 19x2 + 16x − 4 = 0 x = ?
A savings account is opened at time 0 with an initial deposit of $3,000. $2,000 is withdrawn at the end of year 1 and $1,000 is deposited at the end of year 2. The account grows by compound interest at a constant annual effective rate i. At the end of year 2, the account balance is $2,430. Find i.
Problem 1: If you deposit $4000 into an account paying 6% annual interest compounded quarterly, howmuch money will be in the account after 5 years? Problem 2: If you deposit $6500 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7 years?
17. [O/1 Points] DETAILS PREVIOUS ANSWERS An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 10709.92 Need Help? Read Watch Talk te Tutor