How much must you invest each month in a mutual fund yielding 13.4% compounded monthly to become a millionaire in 10 years?
Finite Mathematics Problem
Finite Mathematics Problem
1. if interest is compounded annually, how much is $1000 work in 8 yrs at 8%? (show the formula to use) 2. the formula to find the total amount...
Suppose that $1,279 is invested at 2.57% interest compounded quarterly. How much is in the account after 7 years? Round answer to the nearest cent ( 2 decimal places)
Depostiting 3,000 for 6 years and 7 percent interest, what would be the return to the nearest cent? What would be the return if the bank compounds monthly? If...
I have no idea how to work this problem. Someone show me how to please
How to do the steps
How does the answer 60,000=P(1.7410) come from the equation 60,000 = P(1+0.02)^28? I need to see the whole equation.
The formula is f(t) = P(1 + r/n)nt $62,000 is invested in a CD with the interest rate of 25% Time in years is 18 the compounding periods per year is quarterly and...
Can not understand how to get answer with this formula Total interest earned = 9.5%x+8%(x+3000)
In simple interest how would I calculate this to obtain an answer. Find the imple interest on this loan: $1000 borrowed at 8.2% for 1.5 years?
I was absent on the day my class learned how to do it. I kind of got an understanding of how to do it from the math book, but I still got my answers wrong. I need to understand how to put the problem...
May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is...
May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is...
May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is...
Leslie Hart borrowed $15,900 to pay for her childâ€™s education at Riverside Community College. Leslie must repay the loan at the end of 6 months in one payment with 3 3\4% interest. a) How...