Some years ago Ms. Lopez invested $5000 at 12% compounded monthly, and the account now contains...
Some years ago Ms. Lopez invested $5000 at 12% compounded monthly, and the account now contains $20000. How many years ago did she start the account? Give your answer to the nearest year.
Homework Answers
Add Answer to:
Some years ago Ms. Lopez invested $5000 at 12% compounded
monthly, and the account now contains...
1) A sample of Fe-59 has a mass of 200 grams. If the half-life of Fe-59...
1) A sample of Fe-59 has a mass of 200 grams. If the half-life of Fe-59 is 45 days, how many days will it take until only 10 grams of the original sample remains? Give your answer to the nearest day. 2) Some years ago Ms. Lopez invested $5000 at 12% compounded monthly, and the account now contains $20000. How many years ago did she start the account? Give your answer to the nearest year.
An elderly couple invested $18,000 into an account earning 7.35% compounded monthly 45 years ago. Now...
An elderly couple invested $18,000 into an account earning 7.35% compounded monthly 45 years ago. Now they are reinvesting that money into an annuity that earns .275% per month and receiving monthly payments for the next 15 years. How much will the annuity pay out each month? (write the answer in the form $x,xxx.xx/mo.)
Emily invested $15,000 10 years ago at 8% compounded monthly. How much has she accumulated?
Emily invested $15,000 10 years ago at 8% compounded monthly. How much has she accumulated?
Ten years ago, an account was opened with an investment of $5000. Its balance is now...
Ten years ago, an account was opened with an investment of $5000. Its balance is now $8000. If interest was compounded annually, what interest rate was earned on the account? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)
Your father invested a lump sum 24 years ago at 5.75 percent interest compounded monthly. Today,...
Your father invested a lump sum 24 years ago at 5.75 percent interest compounded monthly. Today, he gave you the proceeds of that investment which totaled $105,099.24. How much did your father originally invest? $15,929.47 $16,500.00 $17,444.86 $26,528.00 $27,470.75
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...
find the future value of $5000 invested for 10 years at 8% per year compounded monthly? a. $11,098.20 b. $10,800.00 c. $...
find the future value of $5000 invested for 10 years at 8% per year compounded monthly? a. $11,098.20 b. $10,800.00 c. $10,794.62 d. $11,095.15
Jennifer has $6,000 invested in a money market account that pays 1.5% interest compounded monthly at...
Jennifer has $6,000 invested in a money market account that pays 1.5% interest compounded monthly at the end of each month. She makes deposits at the end of each month of $250 . How much will she have in the account after 3 years? Enter Answer Complete your rough work (if any) in the space below ↑ Enter your Final Answer Here
You invested $100,000 into an account 25 years ago. The investment is now worth $350,000. Calculate...
You invested $100,000 into an account 25 years ago. The investment is now worth $350,000. Calculate the interest rate if the investment was compounded semi-annually.
QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly...
QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly so as to accumulate RM8,888 in 3 years. (3 marks) b) Compute the interest earned if RM9,600 is invested for 8 years at 8.8% compounded quarterly. (5 marks) c) A debt of RM22,000 will mature in 5 years' time. Assuming money is worth 6% compounded semiannually. Calculate, i. the present value of this debt, ii. the value of this debt at the end of...
QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly so as to accumulate RM8,888 in 3 years. (3 marks) b) Compute the interest earned if RM9,600 is invested for 8 years at 8.8% compounded quarterly. (5 marks) c) A debt of RM22,000 will mature in 5 years' time. Assuming money is worth 6% compounded semiannually. Calculate, i. the present value of this debt, ii. the value of this debt at the end of...
Most questions answered within 3 hours.
-
11) What would be the pH of 100.0 mL of a solution that is 0.040
M...
asked 33 minutes ago -
A largely aquatic division of Kingdom Fungi, rarely harmful to
humans, often found as mold/mildew, &...
asked 36 minutes ago -
A mixture of nitrogen and carbon
dioxide gases, in a 9.86 L flask at
40 °C,...
asked 52 minutes ago -
just another way of saying good target marketing and
understanding customer needs? Why or why not?
asked 1 hour ago -
Consider the quantum number sets listed below.
What is the name of the smallest element for...
asked 3 hours ago -
In python,write a function nameSet(first, last) that takes a
person's first and last names as input,...
asked 5 hours ago -
How do you think we should value management? Specifically how
might we try to determine MRPL...
asked 5 hours ago -
Suppose the Central Bank of Turkey starts to pay
interest on reserves. Under what circumstances this...
asked 5 hours ago -
For Bergson the concept of Being contains less reality than does
the concept of Becoming. True...
asked 6 hours ago -
What is the hydroxide ion concentration, [OH-], in a solution
with a hydronium ion concentration, [H3O+]...
asked 6 hours ago -
What species is the reducing agent in the following
equation?
Mg(s) + 2HCl (aq) --> MgCl2(aq)...
asked 6 hours ago -
A 50g ice cube is taken out of a freezer at 0 degrees Celsius
and put...
asked 8 hours ago