Kelly 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 IRA's she...
Kelly 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 IRA's she...
Phyllis invested 32000 dollars, a portion earning a simple interest rate of 5 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these...
Given an APR of 3.00%, calculate the APY for each of the following. (Round all answers to the nearest thousandth of a percent.) Annually %= Quarterly %= Monthly %= Daily %= Which...
I don't want to know the answer I just need some help solving the problem
I don't want to know the answer I just need some help solving the problem
There is no after what period of time given to earn $250
Carl invested part of $300,000 in bonds that pay 8.5% interest annually. The other part was invested in a simple interest account that paid 10%. How much is invested in each, if the total annual interest...
Matt plans to lease a 2009 dodge Dakota pick- up truck 4WD. The sales price of the truck is $25,000. The lease agreements states the following: Due at signing: $426.71 monthly payment 48 months:...
I need answer for mz essaz,please help me fastttt!!!
compound interest
Victoria plans to make deposits of $310 at the end of every three months into a savings account in the hopes of saving up for a used car. If the account earns interest at a rate of 6% compounded quarterly,...
I am taking consumers math this year , and I was sick all week so I missed the lessons for this unit , and my teacher sent the exam home for me to take , and I ned to finish it by tomorrow , and I...
Going by the formula I have no number to plug in for principal or interest. I'm lost
Bill invests in a plan that has an APR of 4%. He invests three times as much in a plan that has an APR of 5%. If the total interest from the investments is $779 after one year, how much was invested...
You place $800 in an account that earns 4% annual interest, compounded annually. How long will it be until you have $2000?
If the balance, M, at time t in years, of a bank account that compounds its interest payments monthly is given by M = M0(1.07763)t (a) What is the effective annual rate for this account? (b)...
Calculate the amount of money in a bank account if $2000 is deposited for 15 years at an interest rate of (a) 5% annually (b) 5% continuously per year
find out how much more money he needs to invest at the higher percentage
A $4900 loan at 9.6% compounded monthly was settled by a single payment of $5900 including accrued interest. Rounded to the nearest day, how long after the initial loan was the $5900 payment made...
Wendy, a loan officer, has $1,000,000 to lend is required to obtain an average of 18% per year. If she can lend at the rate of 19% or 16%, how much can she lend at the 16% and still meet her requirement...