Newest Interest Rates Questions | Wyzant Ask An Expert

Interest Rates

10/01/14

What sum would they deposit monthly throughout 10 years?

Mark and Kate are establishing a fund for their son's college education. What lump sum must they deposit in an account that gives 6% annual interest rate, compounded monthly, in order for them to... more

Follows • 2

Answers •1

Interest Rates

09/25/14

dee dee invested some money at 3.5% simple interest and $5000 more than 3 tim

dee dee invested some money at 3.5% simple interest and $5000.00 more than 3 times this amount at 4%. She earned $1440.00 in interest. how much did she invest at each rate?

Follows • 1

Answers •1

Interest Rates Word Problem General College Math

09/18/14

I'm not sure how to solve this or even how to set up the equation.

Melissa Patterson won $12000 in a contest. She decided to invest part of the money at 3% simple interest, and put the rest in an investment paying 4% simple interest. At the end of the year, she... more

Follows • 2

Answers •1

Interest Rates Percentage Money Investment

09/14/14

Investment Problems, How do you solve the problem below?

Orlando, a financial planner, recommended that 25% of a client's investment be placed in a 4% annual simple interest tax-free account, that 40% be placed in 6% certificates of deposit, and that the... more

Follows • 2

Answers •1

Interest Rates Compound Interest Quantitative Data Annual Interest On Annuity

07/12/14

How much must you invest each month in a mutual fund yielding 13.4% compounded monthly to become a millionaire in 10 years?

Finite Mathematics Problem

Follows • 2

Answers •1

Interest Rates

04/24/14

finding interest

1. if interest is compounded annually, how much is $1000 work in 8 yrs at 8%? (show the formula to use) 2. the formula to find the total amount in your savings account (if interest is... more

Follows • 2

Answers •1

Interest Rates College Algebra

04/08/14

May I have help with this?

Suppose that $1,279 is invested at 2.57% interest compounded quarterly. How much is in the account after 7 years? Round answer to the nearest cent ( 2 decimal places)

Follows • 2

Answers •1

Interest Rates

09/24/13

bank compounds

Depostiting 3,000 for 6 years and 7 percent interest, what would be the return to the nearest cent? What would be the return if the bank compounds monthly? If compounds are... more

Follows • 2

Answers •1

Interest Rates Algebra Investment Percent

08/12/13

You have just received word that your original investment of $650 has increased in value by 17%. What is the value of your investment today?

I have no idea how to work this problem. Someone show me how to please

Follows • 3

Answers •2

Interest Rates Algebra

07/29/13

Find the simple interest rate earned on $8200 for 2 years at 11%

How to do the steps

Follows • 4

Answers •3

Interest Rates

07/19/13

My question is: I need to have $70,000.00 in 7 years. What would my initial investment have to be if I put it in an account that pays 7% interest compounded qua

How does the answer 60,000=P(1.7410) come from the equation 60,000 = P(1+0.02)^28? I need to see the whole equation.

Follows • 3

Answers •2

Interest Rates Math

04/23/13

Want to see if I'm doing this question right and the calculations are also correct. I have done this question three times now and keep getting different answers

The formula is f(t) = P(1 + r/n)nt $62,000 is invested in a CD with the interest rate of 25% Time in years is 18 the compounding periods per year is quarterly and then they ask to do it... more

Follows • 3

Answers •3

Interest Rates

03/25/13

invest $3000 more in stocks than bonds. Stocks pay 8% interest bonds 9.5% interest total interest received on both investments

Can not understand how to get answer with this formula Total interest earned = 9.5%x+8%(x+3000)

Follows • 2

Answers •1

Interest Rates Math

03/07/13

300.20(0.18)(7/12)=

In simple interest how would I calculate this to obtain an answer. Find the imple interest on this loan: $1000 borrowed at 8.2% for 1.5 years?

Follows • 2

Answers •1

Interest Rates

10/21/12

maturity value/ please help

May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is the... more

Follows • 2

Answers •2

Interest Rates Word Problem

10/20/12

maturity value/ please help.........

May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is the... more

Follows • 3

Answers •2

Interest Rates

10/19/12

Interest and maturity value

Leslie Hart borrowed $15,900 to pay for her child’s education at Riverside Community College. Leslie must repay the loan at the end of 6 months in one payment with 3 3\4% interest. a) How much... more

Follows • 2

Answers •1