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...

the formula L=p[1-(1+(r/n)-nt)/(r/n)] gives the amount of a long L in terms of the amounts of each payment P, the intrest rate is r, the number of payments per year n, and the number of years...

Use the formula i=prt

A banker plans to lend part of $24,000 at a simple interest rate of 16% and the rest of the money at 19%. How much should he lend at each percent to obtain a total return of 18.5% on the total amount...

What is the apr interest rate on $115 interest is 29.9% ?

................................................

Suppose you inherited $1003. What would be the interest rate at 3%? Using yearly compounding what is the accrued value after 5, 10 and 15 years?

How many years would it take $1,000 to grow to $5,000 assuming an annual interest rate of 15%?

If the simple interest on 2000 dollars over 9 years is 1620 Dollars, what is the interest rare

nothing

8000 dollars is invested in a bank account at an interest rate of 8 per cent per year, compounded continuously. Meanwhile, 18000 dollars is invested in a bank account at an interest rate of 3 percent...

Last year, Justin had $20,000 to invest. He invested some of it in an account that paid 8% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After...

Tom has $600,000. He purchased saving bonds at 8% per annum. After the first year he cashed the bond in and put the same sale on the bond at the bank which offered 15% internet. How much money does...

I get weird answers every time I try.

Interest homework question

please show work

Show work.

If $4500 is invested at an interest rate of 8.25% per year compounded continuously find the value of the investment after 10 years

Parents wish to have $150,000 available for a child's education. If the child is now 7 years old, how much money must be set aside at 3% compounded semiannually to meet their financial goal when the...

Hello. I am trying to solve this problem: "Suppose that the annual effective rate of interest is 6%, and an investment of $X is made at time 0. The investment has a return of $2000 after 4 years...