URGENT HELP NEEDED! Compound interest need help badly homework is due
URGENT HELP NEEDED! Compound interest need help badly homework is due
The given information to solve for r are: A = $4,000,000 P = $40,000 t = 40 Please help solve in step by step manner to determine the r...
compound interest
Bill and Steve are entrepreneurs. For their new venture, they will need to purchase 10 new computers in 5 years at an estimated cost of $15000 per machine. To save up enough money to make this purchase,...
Jim Jones deposited $19,000 in a savings account at 7% interest compounded daily. At the end of 6 years what is the balance in Jim's account?
A has lent some money to B at 6% p.a and C at 9% p.a ; at the end of the year he gained overall 7.6% p.a. what is amount lent to B and C?
How much would you need to deposit in an account now in order to have $2000 in the account in 10 years? Assume the account earns 4% interest compounded monthly.
You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in the account in 15 years?
You deposit $200 in an account earning 5% interest compounded annually. How much will you have in the account in 10 years?
Adam borrows $15,000 from his financial institution at an annual interest rate of 3.8% compounded monthly. He decides that he can make monthly payments of $225. How long will it take until...
can someone walk me through on how to solve this? Jack and Jill would like to purchase a new home. The home they want costs $325,000 and 9. they are able to place a 10% down payment...
So Ive worked out the example question and the compound interest formula is A=P(1+r/n)nt . After inputting: A=8000(1+ 0.09/4)4*55 I get 8000(1.0225)220 . It...
If $4000 is deposited at the end of each half year in an account that earns 6.2%, compounded semiannually, how long will it be before the account contains $120,000?
An initial investment of $205.50 is worth $413.75 after 11 years of continuous compounding. Find the interest rate.
I have no idea how to start this. Please help. Oppenheimer has a mutual fund where an investment of $5000 at an annual interest rate of 10% compounded semianually over 25 years...
Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, rounded to the nearest 0...
$11,000 invested for 6 years at 3% compounded monthly
I just really don't understand how to do this.
At what nominal rate, compounded monthly, would $10,000 have to be invested to amount to $16,000 in 6 years?
Need to know for my math course