Find the amount of time it takes to reach 2147.11

Find the amount of time it takes to reach 2147.11

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

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...

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

Suppose you inherited a house that was purchases in 1950 for $20,000. It is now 2015 and the value of the house has increased by approximately 5% each year (compound annually). What is the house worth...

compound interest

How long will it take for $5000 invested at 6%/a compounded monthly to grow to $6546.42? Please help I have an exam coming up

They want to put away money for college education now. How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years .

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years? How much interest will...

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years? How much interest will you...

Not to sure how to approach this compound interest word problem? How much money should be put in a savings account now that earns 3.0% a year compounded weekly if you want...

You deposit $300 each month into an account earning 7% interest compounded monthly. a) How much will you have in the account in 20 years? $156,278 b) How much total...

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? If you deposit...

Compound Interest. I tried the problem myself and want to know if the answer is correct or not.

You want to invest $30,000 into a compound interest loan for 5 years. The bank offers you 3 options.

The three options are 1. 9% compounded yearly 2. 5% Compounded quarterly 3. 5% Compounded monthly I did the work and the formula for compound...

Joshua puts $8,765 in a 10 year 5.28% savings certificate in which interest is compounded quarterly. how much interest does he earn in the second year, the fourth year, the seventh year, and the 10th...

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