Determine the principal P that must be invested at rate r = 4%, compounded monthly, so that $500,000 will be available for retirement in t = 10 years. P= $?

Determine the principal P that must be invested at rate r = 4%, compounded monthly, so that $500,000 will be available for retirement in t = 10 years. P= $?

The mall that you are managing will need new cooling towers, so you have created a reserve account. If you deposit $50,000 per year in an account that pays 3% interest, how much will you accumulate...

how much will need to be invested to have 225,000 in 7 years at 5.65 % monthly

I want a solution of a question related to compound interest ?

Gabriella purchases a new car. The car's value in dollars, V, is modelled by the function V(t) = 12870 - k(1.1)t , t ≥ 0 t- the number of years since the car was purchased k...

A depositor opens a money market account with $5000 at 8% compounded monthly. After two years, $1500 is withdrawn to buy a new computer. A year later, $2000 is put in the account. What will be the...

A + P(1+R⁄100)2

My head is going to explode. Any help is greatly appreciated even if you can just give me the formula I’m supposed to use for each one. I am so lost. In the inter-change bank...

Find the accumulated value of an investment of $5000 at 7% compounded continuously for 6 years.

on the 1st of January carol invested some money into a bank the account pays 2.5% compound interest per year on 1st January 2015 carol withdrew 1000 pounds from the account on 1st...

what is the balance of the account after 9 years

there are four answer choices a-$5955.62 b-$10,955.62 c-$4872.68 d-$9872.68

Compound interest

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

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...

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.

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

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...

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...

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...