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...

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...

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...

please solve with step by step working out.

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

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

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...

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 $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...

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...

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 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...

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

A certain bank account earns 8.4% annual interest compounded quarterly. You deposit $4,000 and leave it in the account. How much money is in the account after 6 years?

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...

i need to find the rate per peirod

Problem 1. Compound interest. This morning Paul and Mark invest their money. Paul invests 20 000$ at a 8.8% annual interest rate. Interest accrues each night, but compounds only semiannually. Mark...

Sally invested $5,000 at 5% interest rate compounded continuously. How many years must Sally wait to double his money?

Kevin L.

Native Mandarin, MS in Financial Eng / Comp Sci, CFA

Jersey City, NJ

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Bill Nice H.

Bill-nice ,The hacker

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