Financing Word Problem - HELP!
How much should Jethro invest now to have $10 000 in 3 years time? The money will be invested at 5%/ a compounded monthly.
How much should Jethro invest now to have $10 000 in 3 years time? The money will be invested at 5%/ a compounded monthly.
Xiao Li wishes to accumulate $50,000 by the end of 10 years by making equal annual end-of-year deposits over the next 10 years. If Xiao Li can earn 5 percent on her investments, how much must she...
A retirement account has $10,000 in it and earns 10% interest per year compounded monthly. At the end of every month for the next 5 years you will deposit $200 into this account. How much will be...
Mario neglected to pay a credit card bill of $1550 at 17%/a, compounded daily, for 2 weeks after it was due. What is the amount he must pay to settle the bill at the end of 2 weeks?
Gordon has a Canada Savings Bond that pays $150 in simple interest each year. The annual interest rate is 4.75%. What principal did Gordon invest in the bond?
If $350 grows to $500 in 3 years, what is the annual interest rate assuming that interest in compounded annually?
an investment of $1500 earned $35.20 at a simple-interest rate of 5.5% per year. How long was the investment held?
The following describes the conditions of an ordinary annuity, with interest compounded with each payment and payments made at the end of the compounding period. Find the accumulated amount of the...
Find the required payment for the sinking fund: Quarterly deposits earning 7.4% to accumulate $66,000 after 30 years.
How much would need to be invested at 5.25% annual simple interest to amount to $7,520 in 6 years?
You are offered three investments. The first ensures you will earn 19% annually, the second will earn 18.5% compounded quarterly, and the third will earn 17% compounded weekly. Which would be the...
1)Donut Delights, Inc. has determined that when x donuts are made daily, the profit P is given by P(x)=-0.002x2+4.3x-130 a) How is the company's profit if 700 donuts...
My family wants to move to California and my parents are saying we have to pay our debt and mortgage first and i dont know if you have to
Car payment balance. We owe three thousand dollars and the payment is 190.00 . I have tried going through the steps it has been years since I was in school as I am 65 years old. I would like to help...
__________ is considered a variable operating expense of an automobile. A. Maintenance B. Depreciation C. Interest on auto loan D. Insurance Most...
Hello I am in need of a statistic tutor in San Jose. I am currently attending San Jose State struggling to find an available tutor for tomorrow. Please get back to me asap. Thank you!...
Find the amount of the balance forward that would result following these transactions: a. Starting balance: $1,432.54 b. October 4; check #914; to Cook Security Systems; amount of $93.27 c...
I am taking my last class for college graduation and am in need of help with this homework problem. I have done the first paragraph but I am baffled by the second paragraph. Please help if you can...
Find the savings plan balance after 15 months with an APR of 11% and monthly payments of $250.
Now that you have a full time job you are ready to start investing for retirement. Your corporation will match 50 cents of each dollar that you put in your 401K account up to the first $7,000. You...