141 Answered Questions for the topic Interest

13d

#### Need help with this problem

Samantha invests a total of $28,500 in two accounts. The first account earned a rate of return of 11% (after one year). However, the second account suffered a 10% LOSS in the same time period. At...
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22d

#### I had a 10 question practice worksheet before a test, and I am completely stumped on these last two questions. Please help?

1) Jennifer wants to invest some money now to buy a new tractor in the future. If she wants to have 350,000 available in 4 years, how much does she need to invest now in a CD paying 4.25%...
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10/13/19

#### If you invest $1,000,000 at 6% compounded continuously, how much interest is earned in 1 hour?

08/01/19

#### Compound Interest

Michael wishes to give his son a savings bond that will mature in 8 years. He would like the value of the savings bond to be $5,000 at maturity. If he can invest in a bond that has an annual...
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07/13/19

#### How to determine interest and payment sizes?

Jennifer borrowed $3000 from the bank in order to buy a new jacuzzi. She will pay it off by equal payments at the end of each week for 4 years. The annual interest rate is 8.05%. Determine the...
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07/13/19

#### Interest and Annuity

A man starts working a day after he celebrates his 23rd birthday. He wants to have a fund that could, from the date of his retirement at age 58, give him a benefit payment of $6000 at the end of...
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05/17/19

#### Determine the periodic deposit and how much of the financial goal comes from deposits and how much comes from interests

periodic deposit: $? At the end of every 3 months4.5% compound quarterly Time: 6 yearsFinancial goal: $15,000

04/30/19

#### Miley borrowed a certain amount of money at an annual simple interest rate of 3.7%. If she returned $5013 after 238 weeks, how much interest did she pay?

Please include work if possible

04/04/19

#### Interest rate problem

What interest rate compound monthly will yield an effective interest rate of 8%?

11/06/18

#### How can I set up a question with simple interest?

Lindsay invested a total of $14,000 in two savings accounts. The first account paid 6.5% per year, and the second paid 8% per year (both simple interest). Lindsay earned a total of $950.50 from the...
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09/17/18

#### Scott invests $6900 in two different accounts. The first account paid 4 %, the second account paid

Scott invests $6900 in two different accounts. The first account paid 4 %, the second account paid 2 % in interest. At the end of the first year he had earned $162 in interest. How much was in each...
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08/28/18

#### What is the interest rate of each investment?

The annual interest rate on an $18000 investment exceeds the interest earned on a $5000 investment by $1148. The $18000 is invested at a 0.6% higher rate of interest than the $5000. What is the...
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08/24/18

#### Determine the present value P that must be invested to have the future value A at simple interest rate r after time t

A = $9500, r = 12%, t = 3 years

07/13/18

#### interest troubles..

How much money is in an account that earns 6% compounded quarterly if $10,000 is initially deposited and there are no withdrawals or additional deposits for 10 yr?

07/09/18

#### Amir lent rs 600 to Hamid for 2 years and rs 150 to Aman for 4 years and received from both rs 90 as simple interest. What is the rate of interest

We have to find the rate of interest

06/07/18

#### Finding the balance of an account with simple interest

I have two questions and I have to find the balance.
1. $200 at 3% for 5 years
2. $750 at 8% for 5 years

05/05/18

#### Compound interest

The present value P of A dollars t years from now earning annual interest r compounded n times per year is P=A (1+r/n)^-nt in this context, A is called the future value. Find the interest rate...
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04/29/18

#### Financial Mathematics

Gabriella purchases a new car. The car's value in dollars, V, is modelled by the function V(t) = 12870 - k(1.1)t , t ≥ 0
t- the number of years since the car was purchased
k - constant
k =...
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04/28/18

#### Use the compound interest formulas A=P(1+(r)/(n))^nt and A=Pe^rt to solve.

Find the accumulated value of an investment of $17,000 at 6% compounded annually for 13 years.

04/25/18

#### how long is the money

For her birthday, Lexi's parents gave her $5,575.00 which they put into a savings account that earns 9% interest compounded annually. When Lexi started college, she withdrew the entire balance of...
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04/19/18

#### $350 at 6 3 4 % simple interest for 2 years

Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)

04/12/18

#### Compounded Interest

Jack has $500 to invest. The bank offers an interest rate of 6% compounded annually. How much money will Jack have after 1 year?

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