Mathematics

Mathematics, 30.06.2019 19:30, jelopez4

How much interest is earned in one year for $5,000 at an interest rate of 3%?

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Mathematics, 17.07.2019 07:00, avilaaa

Ruth has $15000 to invest. she invests some of her money earned 7% simple interest and the rest earned 5.5%. if the total interest she earned in one year has $952.50 , how much was invested at each interest rate?

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Social Studies, 01.08.2019 09:00, wambold3

1) according to the table, what has the investor done with money earned through interest? 2) from looking at the table, explain the concept of compound interest. 3) according to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at the end of the first year? 4) according to the table, if you added $50 to this account every year, what effect would it have on the interest rate that you earned? according to the table, the investment has doubled in worth by the start of which year? table: start of year principal amount interest earned at 5% principal at end of year - $100 $5 $105 1 $105 $5.25 $110 2 $110.25 $5.51 $115.76 3 $115.76 $5.79 $121.55 4 $121.55 $6.08 $127.63 and it just follows that pattern

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Business, 03.08.2019 01:10, daniellealex

Which of the following statements is false? a. the effective annual rate indicates the amount of interest that will be earned at the end of the year. b. the annual percentage rate indicates the amount of simple interest earned in one year. c. the annual percentage rate indicates the amount of interest including the effect of compounding. d. because interest rates may be quoted for different time intervals, it is often necessary to adjust the interest rate to a time period that matches that of our cash flows.

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Business, 30.09.2019 19:10, diazsindy

Calculate the future value of $ 7 comma 000 in a. four years at an interest rate of 9 % per year. b. eight years at an interest rate of 9 % per year. c. four years at an interest rate of 18 % per year. d. why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. four years at an interest rate of 9 % per year. the future value of $ 7 comma 000 in 4 years at an interest rate of 9 % per year is $ nothing. (round to the nearest dollar.) b. eight years at an interest rate of 9 % per year. the future value of $ 7 comma 000 in 8 years at an interest rate of 9 % per year is $ nothing. (round to the nearest dollar.) c. four years at an interest rate of 18 % per year. the future value of $ 7 comma 000 in 4 years at an interest rate of 18 % per year is $ nothing. (round to the nearest dollar.) d. why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? (select the best choice below.) a. the amount of interest earned in part (a) is really half of the amount of interest earned in part (b) since in part (b) the money grows for twice as many years as in part (a). b. this results because you earn interest on past interest. since more interest has been paid at the end of the time period than at the beginning, the money grows faster. c. the annual interest rate in part (b) is slightly higher than the rate assumed in part (a). this is because of compounding

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