12 Answered Questions for the topic Compounded Interest

Compounded Interest

11/04/16

Growth of an Account

Russ McClelland, who is self-employed, wants to invest $60,000 in a pension plan.  One investment offers 5% compounded quarterly. Another offers 4.75% compounded continuously. If Russ chooses the... more
Compounded Interest

07/13/16

You decide to invest $7000 and have a choice between two accounts.The first pays 6% per year,compounded quarterly (four times).The second pays 5.95% per year,co

You decide to invest $7000 and have a choice between two accounts.The first pays 6% per year,compounded quarterly (four times).The second pays 5.95% per year,compounded continuously.How much would... more
Compounded Interest Word Problem Algebra Help Math Help

05/22/16

An investor has deposited $80,000!in an account that pays 5.3% annual interest, compounded continually .

An investor has deposited $80,000 in an account that pays 5.3% annual interest, compounded continually. How long will it take until the accounts balance is $100,000? 
Compounded Interest Annual Rate

12/10/15

How much money will there be in an account at the end of 10 years if $2000 is deposited at a 4.5% annual rate that is compounded continuously?

assume no withdrawals are made. Do not round until the final answer. than round to the nearest cent as needed.
Compounded Interest Interest Rates

11/09/15

A bank pays interest at an annual rate of 4% compounded continuously. How long will it take for your money to double?

Give 3 decimal places in your answer and include units. 
Compounded Interest

10/03/15

Use the formula for sum of series to find payment information

Around January 1, 1993, Barbara Streisand (a singer/actress for those of you too young to know!)signed a recording contract with Sony Corporation for $2 million each year for 10 years. Suppose... more
Compounded Interest Banking Interest Annual Interest

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?
Compounded Interest

02/19/15

Monique Fournier deposited $12,500 into a savings account paying 6.5% annual interest compounded monthly. What amount will she have in her account after 3 years

How much compounded interest will she have earned?
Compounded Interest

01/09/14

using the compound interest table, calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly

I need the answer because I dont understand how to solve the problem

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