13 Answered Questions for the topic Annual Interest
Annual Interest
05/02/18
How much was put in each account?
Lupe inherited 10000 and decide to invest she opens two accounts one pays 6.5% annual intetest and the other 5.5% annual interest at the end of the 1st year the account totaled 10582... How much...
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Annual Interest
08/12/17
invested $4,000 in an account that paid 2.3% annual interest compounded weekly able to pay $5,000 for his new lathe. How much is in his account after 10 years?
I know the answer I just need to show the work that I don't know how to do for the problem.
12/19/16
You deposit $300 each month into an account earning 7% interest compounded monthly. Two question help!
You deposit $300 each month into an account earning 7% interest compounded monthly.a) How much will you have in the account in 20 years?$156,278b) How much total money will you put into the...
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07/21/16
Algebra help, Income earned on an IRA investment help?
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...
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07/21/16
Algebra help, Income earned on an IRA investment help?
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...
more
07/21/16
Algebra help, Income earned on an IRA investment help?
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 $13,o00 from her IRA to help fund her retirement....
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Annual Interest
04/28/16
You invest $4000 in an account that grows up to $6,520 in 4 years. Find the annual interest rate
Finding the annual interest rate, after 4 years, invest $4000 in an account that grows to $6,520
04/09/16
Find the base, b, for the exponential equation of the form y=a x b^x that describes each situation.
A savings account earns 2% annual interest, compounded annually. The variable y gives the amount of money in the account after x years. Find the base, b, for the exponential equation of the form...
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Annual Interest
12/09/15
Mark invests $6,000 in an account.
Mark invests $6,000 in an account. How long will it take for the investment to double if the annual interest rate is 5.5%, compounded monthly. Round the answer to two decimal places
Math help with Percentages and APR
Your credit card has an annual percentage rate (APR) of 24% and a minimum payment of $10.00. If you make the minimum payment every month, use the table below to determine how long it will take to...
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Annual Interest
10/05/15
Calculate the annualized interest rate these companies are charging if the penalty is two percent a month. What if the penalty was two percent a week?
According to an article in the Maclean’s magazine, “Cable, satellite and wireless companies may becharging illegal late fees. Companies may calculate a compounded late-fee rate of two percent a...
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09/30/15
Interest compounded annually
You place $800 in an account that earns 4% annual interest, compounded annually. How long will it be until you have $2000?
09/14/14
Investment Problems, How do you solve the problem below?
Orlando, a financial planner, recommended that 25% of a client's investment be placed in a 4% annual simple interest tax-free account, that 40% be placed in 6% certificates of deposit, and that the...
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