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...

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...

May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is...

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

what will be brenda's new total balance

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? If you deposit...

In years, how long does it take to double the investment?

a if interest is computed as simple interest b if interest is compounded yearly

a if interest is computed as simple interest b if interest is compounded yearly

I'm in algebra 1 and I'm learning with a table with quantity, rate and value A team of cancer researchers received a grant of $300000 to be used for cancer research. They deposited some in a 10%...

A loan of 14,250 at an interest rate of 10% for 4 years. How much will i pay total after 4 years?

Sally invested $5,000 at 5% interest rate compounded continuously. How many years must Sally wait to double his money?

Gabby invested $6500 at 2.3% interest rate compounded monthly. What is the minimum number of years Gabby must wait to have at least $7500? I have another question like this but I would...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. Here it is: A retiree needs a yearly income of $10,200 from his $150,000 IRA to help fund...

Phyllis invested 67000 a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments...

Maria bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the desktop...

Q: A school increases its intake by 10% each year. If it starts with 1000 students, how many will it have at the beginning of the fourth year of expansion? The answer from the answer sheet...

One bank advertises a nominal rate of 5.63% compounded quarterly. A second bank advertises a nominal rate of 5.62% compounded weekly. What are the effective yields? (Round your answers to two decimal...

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