For her birthday, Lexi's parents gave her $5,575.00 which they put into a savings account that earns 9% interest compounded annually. When Lexi started college, she withdrew the entire balance of...

For her birthday, Lexi's parents gave her $5,575.00 which they put into a savings account that earns 9% interest compounded annually. When Lexi started college, she withdrew the entire balance of...

A small business invests $1000 at the end of each month in an account that earns 6% compounded monthlly. how long will it take until the business has $10,00 toward the purchase of its own office building...

Find values for the amount of an investment and the annual interest rate, given that the investment compounds annually for 2 years, to give a final value within $100 of $15 000.

Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)

Find values for the amount of an investment and the annual interest rate, given that the investment compounds annually for 2 years, to give a final value within $100 of $15 000.

Jack has $500 to invest. The bank offers an interest rate of 6% compounded annually. How much money will Jack have after 1 year?

Its all about investment and interest

$400 is invested in a term deposit which is paying 2.5% pa annum compounded annually a) What is the interest earned after 1 year?'What is the value of the investment now? b) By what...

Betsy requires $5000 per year in extra income. She has $70000 to invest and can invest in bonds paying 15% per year or in a certificate of deposit paying 7% per year. How much money should be invested...

interest rate

Danny invests $4400 in two different accounts. The first account paid 4 %, the second account paid 3 % in interest. At the end of the first year he had earned $158 in interest. How much was in each...

Interest!

ou decide to invest some money in two different money market accounts. One account (account A) pays 3% interest. The other account (account B) pays only 2% interest but offers a $20 bonus for signing...

I invested some money in a savings account earning 6% interest and an equal amount of money in bonds earning 8% interest. How much did I invest altogether if I earned $210 in a year?

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...

A paperbook savings account has a rate of 6%. Find the effective annual yield , rounded to the nearest tenth of a percent, if the interest is compounded 1000 times per year.

Laura borrowed a total of $21,000 from two different banks to start a business One Bank charge the equivalent of 3% simple interest and the other charge 4.5% interest if the total interest after 3...

A company purchased 10 computers from a manufacturer. They paid their bill after 40 days with a finance charge of $110. The manufacturer charges 10% interest. Find the cost of the computers...

bacteria grows at rate of 85% per day. how many cells will there be at the end of a 2 week period if there are 300 at the start?

Clarence invested $5,000 in Amazon and $3,000 in Google. At the end of the year Clarence earned $1,500 in interest. What interest rate did Clarence receive for each stock if Amazonâ€™s rate was half...