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## Compound Interest Answers

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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...

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 After two years, \$1500 is withdrawn to buy a new computer.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...

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...

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

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...

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...