141 Answered Questions for the topic Interest

13d

07/13/19

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

04/04/19

#### 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... more

09/17/18

07/13/18

04/25/18

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... more 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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