Franco invests 4500 in an account
WebExercise #1: A person invests $500 in an account that earns a nominal yearly interest rate of 4%. So, the pattern is fairly straightforward. For a shorter compounding period, we get … WebVerified answer. accounting. On February 1, Tectronic Co. issued a 60-day note with a face amount of $120,000 to Tokai Warehouse Co. for cash. a. Determine the proceeds of the …
Franco invests 4500 in an account
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WebQ: Smith invests usd 10.000 in an account that pays interest. After the first year he receives 4.200… After the first year he receives 4.200… A: Future value is the … WebApr 1, 2024 · We started with $10,000 and ended up with $3,498 in interest after 10 years in an account with a 3% annual yield. But by depositing an additional $100 each month into your savings account,...
WebWhat amount (to the nearest cent) will an account have after 10 years if $175 is invested at 6.5% interest compounded continuously? If $9900 is invested at 14% per annum … WebOct 23, 2024 · ∵ Olga invests $3000 in an account that earns 1.3% annual interest compounded monthly. ∴ P = $3000 . ∴ r = 1.3% = 1.3 ÷ 100 = 0.013 ⇒ annual interest. ∴ n = 12 ⇒ compounded monthly. ∵ The account will reach $5000. ∴ A = 5000 - Substitute these values in the rule above.
WebThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer See Answer See Answer done loading WebMar 15, 2024 · Between the years of 1950-2009, the stock market (S&P 500) grew on average by 7% per year. So, had you invested $4,500 during that time, the miracle of …
WebQ: Bruno deposited $7,500 into an investment account and seven years later, the balance in the account… A: The rate of return earned on the account can be computed by using the concept of time value of money Q: Timothy invests $5,000 at 17% interest compounded daily for three years. How much does he have in…
WebJimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays interest. math. Evelyn opened a savings account that pays 7.5% simple interest. can you breathe while swallowingWebElise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it take for her money to double? Use Exponential Models in Applications 443. Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it take for her money to double? brigantine drowningWebTranscribed Image Text: Gretta, Trisha, and Steve are investing money in hopes of becoming millionaires. All accounts have annual compound interest. Gretta invests … can you breathe without a pulseWebMar 13, 2024 · Maria invests £4500 in a savings account for 3 years. The account pays simple interest at a rate of 1.8% per year. Work out the total amount of interest Maria gets by the end of the 3 years. See answers Advertisement Advertisement nadhirahrosdi06 nadhirahrosdi06 Answer: Rm243. brigantine downtownWebTranscribed Image Text: A person invests 4500 dollars in a bank. The bank pays 4.75% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 5900 collars? ... A man invests $5000 in an account that pays 8.5% interest per year, compounded quarterly.(a) ... brigantine cvs pharmacyWebFaith invests $4,500 in an account that pays 4 percent simple interest. How much money will she have at the end of eight years? C . $ 5,940. Ending value at 5 percent simple interest = $3,000 + ($3,000.05 Ending value at 5 percent compounded annually = $3,000 (1 + … brigantine dining set chairs 6 slingbackWebWho are the experts? Experts are tested by Chegg as specialists in their subject area. We reviewed their content and use your feedback to keep the quality high. brigantine eagles on the beach