Business

Business, 06.07.2019 19:40, napoleonbrown

Sarah invested $38,700 in an account that paid 6.2% annual interest, compounding monthly. she left the money in this account, collecting interest for three full years. approximately how much interest did she earn in the last month of this period

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Business, 08.07.2019 23:20, vladisking888

Question 14 which of the following bank accounts has the lowest effective annual return? a. an account that pays 8% nominal interest with annual compounding. b. an account that pays 8% nominal interest with daily (365-day) compounding. c. an account that pays 7% nominal interest with daily (365-day) compounding. d. an account that pays 7% nominal interest with monthly compounding. e. an account that pays 8% nominal interest with monthly compounding.

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Mathematics, 19.07.2019 17:30, dakotacsey03

George and jim were brother were brothers who were each left an inheritance of $20,000. george invested his money in an account for 5 years at an annual interst rate of 6% compounded quarterly,jim invested his money for 5 years at an annual simple interest rate of 6.75%.at the end of the five years, they agreed to pool their accumulated principals into one account for a further 5 years with an annual interest rate of 5% compounded monthly. a. how much accumulated principal did george and jim each have after 5 years? hence determine how much money they had to pool. b. what was the accumulated principal of their pooled money at the end of the 10 year period. c. when george and jim first recieved their inheritance, the executor of the will suggested that they pool their resources immediately for 10 years and invest in an account that paid an annual interest rate of 6.75% compounded monthly. in view of your answer in (a) and (b) above, should they have taken this advice? explain.

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Mathematics, 01.08.2019 23:30, happy121906

Erika's parents gave her $500 for her high school graduation she put the money into a savings account that earns 7.5% annual interest she left the money in the account for 9 months before she withdrew it. how much interest did the account earn if it interests what is paid monthly

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Mathematics, 12.11.2019 03:31, catsareokiguess

Erica's parents gave her $500 for her high school graduation. she put the money into a savings account that earned 7.5% annual interest. she left the money in the account for nine months before she withdrew it. how much interest did the account earn if the interest is paid monthly? and if she would left the money in the account for another nine months before withdrawing, how much interest would the account have earned

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