If $1100 dollars is deposited in an account paying 8 percent annual interest, approximate the amount in the account after 16 years

If $1100 dollars is deposited in an account paying 8 percent annual interest, approximate the amount in the account after 16 years

A person has $10,000.00 to invest, he puts the money into two Banks. One gives 2% interest, the other 4%, the total interest he got in a year was $320.00, how much did he place into each bank?

Juwan invests $7600 in two different accounts. The first account paid 6 %, the second account paid 14 % in interest. At the end of the first year he had earned $816 in interest. How much was in each...

I want to know this answer i was asked by my new financee

Applying the Concepts

I need help with this question for simple interest. The principal given is 50000 from 11 November 2016 to 10 May 2017 (181days) with an annual interest rate of 4.5%. I know that the amount of interest...

Whenever I type this problem: 5000(1+1.15)^68, I get this answer: 2.0173687011×10^26. According to my online homework (MyMathLab) that is incorrect. It should look like this: 35805.0308354 when...

T (months)=0,1,2,5,10,20,30 A ($)= 500,__,__,__,530.76,__,__

You 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 am confused as to how to find the answer

does anyone know the formula for this question as well as the solved answer?

Pick an expensive item you want to buy within the next five years. Using current interest rates, find out how much you would have to save today. List the possible roadblocks to reaching...

I am not sure what formula to use.

Need help with some finite math it is college level math. need help asap

How much must you deposit today at 7% interest (compounded annually) for the next 10 years in order to be able to withdraw $30,000 per year (ordinary annuity) for four years, starting in 10 years...

a man owes the following obligations a. 2000 due today, b 4000 due in 9 months with accumulated simple interest from today at 12% c. 10000 due in 2 years with accumulated interest from today at 10%...

This is an internal assessment for IB math :) Basically I want to determine how much money I need to deposit in the bank every year for 30 years if I want to have $1 million by...

What is the interest rate on a 4100 loan on a 12 month period that paid 246$ in interest?

on a loan of 623,000 with 5% interest on the declining balance payable quarterly over 3 years , I want to know the 12 quarterly payment amounts and total interest over the 3 y ears

David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests. SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years CBCO...