six-month was the simple annual interest rate 20. You deposit $2000 into a savings account. The account earns 3% simple interest. How long will it take to earn $120 in interest? Copyright McDougal Littell/Houghton Mifflin Company All rights reserved. McDougal Littell Math, Chapter 9 Resource Book
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- Assignment - 11. Quiz: Savings Accounts ASSIGNMENTS COURSES SECTION 1 OF 1 QUESTION 2 OF 8 Attempt 1 of 1 1 4 7 8 <. Charlie invests $500 in a savings account with an annual interest rate of 12%. How much simple interest will he collect in 4 years? O 48 O 120 240 O 420 NEXT QUESTION O ASK FOR HELP TURN IT IN Type here to searchAssume that all interest is simple interest. Fred started a new e-Commerce business and borrowed $14,800 for 10 years to get the business up and running. The interest is $4440. Find the rate. Round to two decimal places, if necessary. The interest rate for Fred's loan is Check 68°F Clear #3 $ A IOI WER %. 5 T 6 X ● Search & 7 S U * 8 9 f10 Save For Later © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility a 8:53 PM 6/12/2023 ► 11 O fm P W (12 ins Submit Assignment prt sc delete backspace 3.: 0eBook Question Content Area Time Value of Money Concept The following situations involve the application of the time value of money concept. Use the full factor when calculating your results. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. Janelle Carter deposited $9,840 in the bank on January 1, 2000, at an interest rate of 10% compounded annually. How much has accumulated in the account by January 1, 2017? Round to the nearest whole dollar. 2. Lee Spony made a deposit in the bank on January 1, 2010. The bank pays interest at the rate of 10% compounded annually. On January 1, 2017, the deposit has accumulated to $13,120. How much money did Lee originally deposit on January1, 2010? Round to the nearest whole dollar.
- unctions/Interface/acellus_engine.html?ClassID=201337525 YouTube n neredink Installment Loan Principal $4000.00 4 years Term Length Interest Rate 12% Monthly Payment $105.00 A. $40.00 Google Docs C. $24.00 A 0 C - Canva Wschool When the principal left on the loan is $2400, how much of the next payment will go towards interest? B. $81.00 D. $65.00 Google Docs O M O Sign outeBook Do the Math 1-5Present and Future Values Using the present and future value tables in Appendix A, the appropriate calculations on the Garman/Forgue companion website, or a financial calculator, calculate the following: The amount a person would need to deposit today to be able to withdraw $9,000 each year for ten years from an account earning 6 percent. Round your answer to the nearest whole dollar. Round Present Value of Series of Equal Amounts in intermediate calculations to four decimal places. $ A person is offered a gift of $4,900 now or $8,000 five years from now. If such funds could be expected to earn 3 percent over the next five years, which is the better choice? Round Future Value of a Single Amount in intermediate calculations to four decimal places.G what is it called 11. Use Figure 5.5. On March 20, Paul Herzog deposited $1,000 into his savings account that pays 5.5% interest compounded daily. How much interest will the money earn by April 20? * Figure 5.5 Elapsed Time Table March Apr. May June Day No. 17 18 19 20 21 22 23 24 25 Jan. 17 18 |19 20 21 22 23 24 25 Feb. 48 49 50 51 52 53 54 55 76 107 137 168 77 108 138 169 78 109 139 170 79 110 140 171 80 111 141 172 81 112 |142 173 82 113 143 174 83 114 144 175 56 84 115 145 176 Compounded Interest Amount of S1.00 at 5.5% Compounded Daily, 365 Day Year Amount 1.00316 Day 31 32 33 34 Amount Day 21 1.00468 1.00483 1.00498 1.00513 1.00528 1.00331 1.00347 23 24 1.00362 1.00377 25 35
- How much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q Search• Question 6 You deposit $500 each month into an account earning 3% interest compounded monthly. Round to the nearest cent as needed. a) How much will you have in the account in 25 years? $4 b) How much total money will you put into the account? $4 C) How much total interest will you earn? Question Help: DVideo 1 D Video 2 I Calculator Submit Question H O O I PnMy Blackboard MTH101 B01 - QUANTITATIVE LITERACY (Fall 2021 Credit Courses) Homework Homework 1.3 Homework 1.3 Score: 0/19 2/8 answered X Question 3 > Score on last try: 0 of 1 pts. See Details for more. > Next question 2 Get a similar question You can retry this question below You deposit $6000 in an account earning 5% interest compóunded monthly. How much will you have in the account in 15 years? $ 8,540.57 Question Help: Message instructor Submit Question МacBook Air 000 D00 F6 F5 F4 esc F2 F3 F1 %24 并
- Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp HA Click Submit to complete this assessment. Question 34 You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12 years? If needed, round your answer to zero decimal places. A Click Submit to complete this assessment.Question 34 If 6000 dollars is invested in a bank account at an interest rate of 8 per cent per yea Find the amount in the bank after 15 years if interest is compounded annually: Find the amount in the bank after 15 years if interest is compounded quarterly: Find the amount in the bank after 15 years if interest is compounded monthly: Question Help: D Post to forum Submit Question MacBook Air