On the 1st January 2014 Carol invested some money in a bank account. The account pays 2.5% compound interest per year. On the 1st January 2015 Carol withdrew £1000 from the account. On...

On the 1st January 2014 Carol invested some money in a bank account. The account pays 2.5% compound interest per year. On the 1st January 2015 Carol withdrew £1000 from the account. On...

Parents wish to have $100,000 available for a child's education. If the child is now 77 years old, how much money must be set aside at 7 %7% compounded semiannually to meet their financial goal when...

A certain house costs $285,000. It is estimated that the price of the house will rise 5% each year. If the prices actually rise at that rate, what will the price, P, of the house equal in y years...

Calculate what the effective value of an investment of 10 000 will be after a period of 5 yrs at a fixed compound interest rate of 9% compounded annually ;an average inflation rate of 7% ; and a taxation...

The specific question is the following: If the original principal on a 20-year loan is $182,850, and the annual payments (principal + interest) are $14,670 (with a total amount...

Use the compound interest formula to compute the total amount accumulated and the interest earned.

please find the answer.. thanks

Jenny invests $1000 per year for 20 years in an annuity. The interest rate is 6% p.a. and interest is compounded annually. What is the future value of the annuity?

There are four possible answers to this problem that were given to me: A -0.09% B -9% C .91% D 91% Thank you so much in advance. If you could please explain how you...

Whenever I type this problem: 5000(1+1.15)^68, I get this answer: 2.0173687011×10^26. According to my online homework (MyMathLab) that is incorrect. It should look like this: 35805.0308354 when...

This uses compound interest

An Investment is worth R90 749.30 after ten years at 9% p.a, compounded daily (lets assume 365 days in every year). What is the present value of the investment?

Find the compound interest on $1000 at (i) 6% compounded monthly for 5 years and (ii) 15% compounded monthly for 30 years.

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 6.7% annual interest rate, compounded monthly, in order to have $30,000 in...

Kevin and Sandra put $72,218.00 into a new savings account that earns interest compounded continuously. After 11 months, they had $81,880.00 in the account. What was the interest rate?

I dont understand this I need help

Trying to find compound interest Determine the interest that would be charged on a two-week $1000 payday loan if the interest rate is 520%, and the interest is compounded weekly. Explain how...

please solve with step by step working out.

Find the amount of time it takes to reach 2147.11