Interest homework question

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...

To borrow money you pawn your camera. Based of the value of it the pawnbroker loans you $350. Two months later, you pay back $450 to get your camera back. What was the interest rate

Johny opens a personal bank account to put into part of his monthly allowance. If the account gives an annual simple interest rate of 2%, express the amount in Johny's account as a function of time...

I have the answer already, (18) but I need an explanation or the formula used for computing it. I have been out of school for quite some time, and I am working through a test bank to spin...

A deposit of $2200 in a savings account reaches a balance of $2795.63 after 6 years. The interest on the account is compounded monthly. What is the annual intere rate of the account

A man has a simple discount note for $6400.00 at an ordinary bank discount rate of 8.84 % for 40 days. What is the effective interest rate? Round to the nearest tenth of a percent...

The annual Gross Domestic Product (GDP) of a country is the value of all of the goods and services produced in the country during a year. During the period 1985-1999, the Gross Domestic Product of...

At what rate do you need to invest money into a bank account earning continuosly compounded interest if you want to double your money in 75 months?

What would a 5% offer on a Honda Civic that has a sticker price of $16,480 and a dealer cost $14,997 be?

Solve. An investor earned $1,137.50 on an investment of $70,000 in 65 days. Find the annual simple interest rate earned on the investment. give in as a percent

I still owe about 840.00 on this bill

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%...

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

I don't know how to work this out, please help! haha