168 Answered Questions for the topic Compound Interest

Compound Interest

10/01/17

$4500 for 3 years at 3.9% compounded monthly
Use the compound interest formula to compute the total amount accumulated and the interest earned.
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Compound Interest Loan Repayment

07/19/17

What is the future value of the annuity?
Jenny invests $1000 per year for 20 years in an annuity. The interest rate is 6% p.a. and interest is compounded annually. What is the future value of the annuity?
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Compound Interest Math Algebra 2 Math Help

06/30/17

Given an exponential function for compounding interest, A(x) = P(.91)x, what is the rate of change?
There are four possible answers to this problem that were given to me: A -0.09% B -9% C .91% D 91%   Thank you so much in advance. If you could please explain how you got your answer that... more
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Compound Interest

05/04/17

You deposit $3,500 into a savings account paying 3% compounded quarterly. Two years later you withdraw $800. How much money was in the account after 6 years?
 This uses compound interest
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Compound Interest

05/03/17

Compound Interest
An Investment is worth R90 749.30 after ten years at 9% p.a, compounded daily (lets assume 365 days in every year). What is the present value of the investment?
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Compound Interest Math Math Help Interest

04/30/17

Whenever I type this problem: 5000(1+1.15)^68, I get this answer: 2.0173687011×10^26. PLEASE SEE ADDITIONAL INFO BELOW
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 I... more
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Compound Interest Finance Annuity Lump Sum

03/24/17

Help, How would you set this up?
Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 6.7% annual interest rate, compounded monthly, in order to have $30,000 in... more
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Compound Interest

03/02/17

Kevin and Sandra put $72,218.00 into a new savings account that earns interest compounded continuously. After 11 months, they had $81,880.00 in the account. Wha
Kevin and Sandra put $72,218.00 into a new savings account that earns interest compounded continuously. After 11 months, they had $81,880.00 in the account. What was the interest rate?
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Compound Interest

03/01/17

Find the amount and the compound interest on 2500 for 2 years at 10% per annum , compound annually
I dont understand this I need help 
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Compound Interest

02/26/17

two-week $1000 payday loan if the interest rate is 520%, and the interest is compounded weekly. Explain how you came to your answer
Trying to find compound interest Determine the interest that would be charged on a two-week $1000 payday loan if the interest rate is 520%, and the interest is compounded weekly. Explain how you... more
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02/25/17

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years?
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... more
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Compound Interest Money Consumer's Math

02/22/17

calculate the interest earned when $46,230 is invested for 9 years at 7.8% p.a., with interest compounded twice a year
please solve with step by step working out.  
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Compound Interest

02/08/17

I know for time I subtract the different from the two years but I get stuck after I do that.
Suppose you inherited a house that was purchases in 1950 for $20,000. It is now 2015 and the value of the house has increased by approximately 5% each year (compound annually). What is the house... more
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Compound Interest

02/07/17

how much must you deposit in an account that pays 8% interest, compounded monthly to have a balance of 1000 after three years
 compound interest
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Compound Interest

01/30/17

Compound Interest
Find the compound interest on $1000 at (i) 6% compounded monthly for 5 years and (ii) 15% compounded monthly for 30 years.
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Compound Interest

01/24/17

How long will it take for $5000 invested at 6%/a compounded monthly to grow to $6546.42
How long will it take for $5000 invested at 6%/a compounded monthly to grow to $6546.42? Please help I have an exam coming up
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Compound Interest

01/13/17

How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years to pay for their daughter's educational expenses.
They want to put away money for college education now.  How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years .
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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... more
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12/19/16

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?
How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?   How much interest will you... more
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12/18/16

how much will your savings be worth after 10 years?
How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?How much interest will you earn?How... more
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Compound Interest Math Interest Rates Money

12/18/16

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?
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 the amount you... more
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Compound Interest

12/07/16

Compound Interest
Not to sure how to approach this compound interest word problem?     How much money should be put in a savings account now that earns 3.0% a year compounded weekly if you want to have $50,000 in... more
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Compound Interest

12/04/16

Suppose Karen has $!000 that she invests in an account that pays 3.5% interest compounded quarterly. How much money does Karen have at the end of 5 years?
Compound Interest. I tried the problem myself and want to know if the answer is correct or not. 
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Compound Interest

12/01/16

You want to invest $30,000 into a compound interest loan for 5 years. The bank offers you 3 options.
The three options are   1. 9% compounded yearly 2. 5% Compounded quarterly  3. 5% Compounded monthly    I did the work and the formula for compound interest for quarterly and monthly. I need... more
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Compound Interest Math Help For College

11/28/16

I'm not good at compound interest problems and need help solving this one.
A certain bank account earns 8.4% annual interest compounded quarterly. You deposit $4,000 and leave it in the account. How much money is in the account after 6 years?
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