If John Invested an amount of money in Stock X which earned a 10% return and then he invested twice that amount in IBM which earned a 12% return. If the returns were $2890 in total, how much did John...

If John Invested an amount of money in Stock X which earned a 10% return and then he invested twice that amount in IBM which earned a 12% return. If the returns were $2890 in total, how much did John...

Compound interest; find the number of years Equation given: A = P(1+R/100)x A= amount of money accruing after x years P= principal amount R= rate % per annum x= number...

Write a function. What is the account balance after 2 years?

Equation given: A = P(1+R/100)x A= amount of money accruing after x years P= principal amount R= rate % per annum x= number of years for which the money is invested Question:...

elly wants to accumulate 1 million dollars by investing a lump sum into an IRA (Individual Retirement Account) and letting it grow for the next 45 years. After researching different...

The compound interest for 2 years and 3 years on certain principal at certain rate of interest are Rs 8820 and Rs 9261 respectively. Find the rate of interest and the principal.

Over a 10 year period, an original principal of 4500 accumulated to 6875 in an account in which interest was compounded semiannually. Determine the effective rate of interest (rounded to 2 decimal...

To what sum will $3000 amount to in 10 years if invested at a 4% effective rate for the first 5 years and at a rate of 4% compounded semiannually thereafter?

How long will it take for money to triple if it is invested at the following rates? 1) 3% compounded monthly 2) 2% compounded annually

what is the smallest amount ,to the nearest pound she can invest?

Over a 10 year period, an original principal of 4500 accumulated to 6875 in an account in which interest was compounded semiannually. Determine the effective rate of interest (rounded to 2 decimal...

To what sum will $3000 amount to in 10 years if invested at a 4% effective rate for the first 5 years and at a rate of 4% compounded semiannually thereafter?

In order to save money for a new computer Jill decided to save $125 at the end of each month for the next 8 months. If the interest rate is 7% compounded monthly, how much money will she have at the...

A home selling for $620,000 is to be purchased with a 30% down payment and the remainder financed through mortgage with monthly payments over 25 years. Determine the monthly payment if rates for such...

plz explain

on 1/1/2014 carol invested some money into a bank accoun. the account pays 2.5% interest. on 1/1/15 Carol withdrew £1000 on 1/1/16 carol had £23517.60 how much did she start with...

I need help solving this word problem

i believe the formula is : 3000(1+.085/12) exp. 24

Stockman's bank will pay 4.2% compounded annually, on a saving account. A competitor, Mesalands savings, offers monthly compounding on savings accounts. What is the minimum annual interest rate that...

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...