Charlie makes $10 daily deposits into a savings account that earns interest at the rate of...
Charlie makes $10 daily deposits into a savings
account that earns interest at the rate of 3.65%/year com- pounded
daily. What will the account's balance be in 4 years ?
please show steps
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Charlie makes $10 daily deposits into a savings
account that earns interest at the rate of...
If Freeman deposits $18,500 in a savings account that earns 3.4% APR compounded daily, what will...
If Freeman deposits $18,500 in a savings account that earns 3.4% APR compounded daily, what will be the balance in 7 years? (Enter a number rounded to two decimal places.)
A bank advertises it pays 4% annual interest, com pounded daily, on savings accounts, provided the...
A bank advertises it pays 4% annual interest, com pounded daily, on savings accounts, provided the money is left in the account for 5 years. What is the effective annual interest rate?
3.26 Georgi Rostov deposits $4,000 in a savings account that pays 8% interest com- pounded monthly....
3.26 Georgi Rostov deposits $4,000 in a savings account that pays 8% interest com- pounded monthly. Three years later, he deposits $5,000. Two years after the $5,000 deposit, he makes another deposit in the amount of $7000. Four years after the $7,000 deposit, half of the accumulated money is transferred to a fund that pays 9% interest compounded quarterly. How much money will be in each account six years after the transfer?
Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate...
Joe Smith makes 5 annual deposits of $5,000 in a savings account
with and interest rate of 5% per year. One year after making the
last deposit, the interest changes to 6%. If the money is withdrawn
five years after the last deposit, how much money is withdrawn?
QUESTION 6 Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate of 5% per year. One year after making the last deposit, the interest changes...
Betty makes daily deposits of $5.82 into a savings account. If the account has an annual...
Betty makes daily deposits of $5.82 into a savings account. If the account has an annual rate of 2%, how much interest will she earn after 765 days? The correct answer is 96, but I'm not sure why. Could someone explain this?
(2 marks) A person deposits $1000 in a savings account that yields x% interest com- pounded...
(2 marks) A person deposits $1000 in a savings account that yields x% interest com- pounded annually (xE {1,2,3, 4, 5, 6,7,8,9}) and the account charges a fee of y dollars that is deducted from the account at the end of each year. (At the end of the year, the bank adds the interest and after that deducts the fee.) To avoid complications involving accounts with negative balances we assume that the interest paid is greater than the fee, that...
Suppose that David deposits $500 in your savings account that earns 5% annual interest. How much...
Suppose that David deposits $500 in your savings account that earns 5% annual interest. How much will he have in your account after four years using (a) simple interest and (b) compound interest? (c) calculate the principal and amount of interest earned for each year
suppose American and Japanese 4. (3) Archie makes weekly deposits of $65 into a savings account...
suppose American and Japanese
4. (3) Archie makes weekly deposits of $65 into a savings account that pays 4.35% per 2.0435 year, compounded weekly. -52 a. Find the value of the account after 4 years. S=R[(1+ mt 1] S= 65 [(1 + .0455) 52(4) 7 (m) .0435 52 b. Find the amount of interest that Archie earns over the 4 years.
Melinda has a daily savings account that earns interest at 3.1% per annum. She opened her...
Melinda has a daily savings account that earns interest at 3.1% per annum. She opened her account with $2000 on March 31. How much interest will she earn during the first two years if the interest is calculated daily and paid into the account at the end of each month? (Enter the value only; do NOT add a $ sign.)
Andrea Deposits $1000 into a savings account today. The annual interest rate is 10%, but compounds...
Andrea Deposits $1000 into a savings account today. The annual interest rate is 10%, but compounds semi-annually. How many years will it take for her money to grow to $4,356,561?
3.26 Georgi Rostov deposits $4,000 in a savings account that pays 8% interest com- pounded monthly. Three years later, he deposits $5,000. Two years after the $5,000 deposit, he makes another deposit in the amount of $7000. Four years after the $7,000 deposit, half of the accumulated money is transferred to a fund that pays 9% interest compounded quarterly. How much money will be in each account six years after the transfer?
Joe Smith makes 5 annual deposits of $5,000 in a savings account
with and interest rate of 5% per year. One year after making the
last deposit, the interest changes to 6%. If the money is withdrawn
five years after the last deposit, how much money is withdrawn?
QUESTION 6 Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate of 5% per year. One year after making the last deposit, the interest changes...
(2 marks) A person deposits $1000 in a savings account that yields x% interest com- pounded annually (xE {1,2,3, 4, 5, 6,7,8,9}) and the account charges a fee of y dollars that is deducted from the account at the end of each year. (At the end of the year, the bank adds the interest and after that deducts the fee.) To avoid complications involving accounts with negative balances we assume that the interest paid is greater than the fee, that...
suppose American and Japanese
4. (3) Archie makes weekly deposits of $65 into a savings account that pays 4.35% per 2.0435 year, compounded weekly. -52 a. Find the value of the account after 4 years. S=R[(1+ mt 1] S= 65 [(1 + .0455) 52(4) 7 (m) .0435 52 b. Find the amount of interest that Archie earns over the 4 years.
Melinda has a daily savings account that earns interest at 3.1% per annum. She opened her account with $2000 on March 31. How much interest will she earn during the first two years if the interest is calculated daily and paid into the account at the end of each month? (Enter the value only; do NOT add a $ sign.)
Most questions answered within 3 hours.
-
The vapor pressure of a solution containing 38.7 g glycerin
(C3H8O3) in 146.2 g ethanol (C2H5OH)...
asked 1 minute ago -
without using map
1. Write a C++ program to find out the top 10 words in...
asked 3 minutes ago -
A physics major is cooking breakfast when he notices that the
frictional force between the steel...
asked 6 minutes ago -
1)Calculate the percent ionization of a
0.330 M solution of hypochlorous
acid.
% Ionization = %...
asked 5 minutes ago -
A cyclohexane (c-hex) solution is prepared by fully dissolving
9.11g of a newly synthesized organic compound...
asked 13 minutes ago -
SCHEME :-)
[5 marks] Write a procedure called convert that takes as
arguments: a temperature value...
asked 19 minutes ago -
Are
Acetyl CoA and Pyruvate biological molecules that are used to get
ATP energy in aerobic...
asked 20 minutes ago -
Two waves are traveling on a string, one with a wave function,
y1 = 0.05sin(4x -...
asked 27 minutes ago -
Develop an ideal customer profile for three Dell Customer
groups( a supplier, a global business, and...
asked 30 minutes ago -
Suppose, for any future year, the probability its October rain
is more than 3 inches is...
asked 34 minutes ago -
Solve the following systems of linear equations using
substitution 12p + 3q = 15 6q +...
asked 41 minutes ago -
Prof. D went grocery shopping and purchased one dozen eggs and
one pound of flour (all...
asked 49 minutes ago