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
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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
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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? 
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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.
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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. 
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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
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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?
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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?
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Compounded Interest

02/19/15

Oscar Montez's savings account has a total of 7,201 in a account after two years. It earned 6% interest compounded quarterly. What was the amount principal
Compounded interest 
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Compounded Interest

11/11/14

Find the accumulated amount. A if the principal P=$2,000 is invested at the interest rate of r=6% per year for t=6 years, compounded annually.
A=2,000{1+(0.06)(6)}
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Compounded Interest

05/03/14

What is the proper order to enter a problem for compound interest to determine the time it takes to double an investment on a casio calculator?
ln2=12tln(1+.20/12)  
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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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