Mathematics
Mathematics, 08.07.2019 01:30, sidneydominguez2323

Kevin opens a savings account with $750. the interest rate is 5%, compounded annually. how much money will he have in his account after 20 years, assuming he does not touch the money during that time frame?

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Mathematics, 23.06.2019 16:00, QueenKy6050
Use the compound interest formula, a = p(1 + r/n)^nt, to find the following amount of money after the given amount of time: blake opens a savings account in a bank with an annual interest rate of 2.7%. if he deposits $3,500.00 in a savings account and the interest is compounded annually, how much will he have in the account after 3 years? a. $3,783.50 b. $3,791.22 c. $7,169.34 d. $7,285.50 a store credit card charges an apr of 12% that is compounded once a month. what is the apy for the credit line? a. 12.12% b. 12.34% c. 12.52% d. 12.68%
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Mathematics, 27.07.2019 17:00, XAINEE
Karen opens a savings account with $1500. she deposits $100 every month into the account that has a 0.85% interest rate, compounded annually. if she doesn’t withdraw any money, what will the account balance be in 10 years?
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Mathematics, 09.10.2019 16:30, ekerns2000paa19x
Rianna opens a savings account with $900.her account earns interest at a rate of 1.3% compounded annually. how much money is in the account after 4 years?
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Mathematics, 01.11.2019 21:31, kenoknox
Ihave 5 questions 1) ben is choosing between two savings accounts. both accounts pay 3% interest. account x pays compound interest. account y pays simple interest. ben should choose account x because a) the interest would be tax free. b) it would pay interest on interest. c) the interest rate would decrease over time. d) the interest rate would increase over time. 2) liam puts $2,000 in the bank with a 3% annual interest rate compounded annually. if liam does not touch his money, how much money will he have after two years? a) $2,000.06 b) $2,060.00 c) $2,120.00 d) $2,121.80 3) noah wants to put $1,000 in a savings account with a 1.5% annual interest rate. how much more money will he have after one year if it is compounded monthly versus no compounding? a) $0.10 b) $15.00 c) $1015.00 d) $1015.10 4) sam has a loan for $1200 at a rate of 9% annually. how much interest will he pay in 5 years? a) $54.40 b) $108.00 c) $540.00 d) $1740.00 5) jill and bill are the same age. jill inherits $20,000 when she is 25, and invests it in an account earning 5% annual interest rate, compounded annually. bill receives a $20,000 bonus at age 35, and then invests it in an account which also earns a 5% annual interest rate, compounded annually. how much more money does jill have than bill at age 50? a) $0 b) $10,000 c) $18,075 d) $26,149
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