What is the U.S 6 month interest rate?

An engineer invests $5,800 at the end of every year for a 35-year career. If the engineer wants $1 million in savings at retirement, what interest rate must the investment earn?

What is Compound interest?

You take out a loan of $12,000 to pay for a piece of equipment. You plan to repay the loan in 16 years. You can afford to pay a maximum of $1,100 each year. What interest rate would allow for you to pay off the entirely of the loan in equal payments?

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 16% $  $  $

You deposit $ 9,030 in an account that pays 3 % simple interest.  How much do you have after 4 years?  If needed, round your answer to zero decimal places.

Whenever the interest charge for any interest period (a year, for example) is based on the remaining principal amount plus any accumulated interest charges up to the beginning of that period, the interest is said to be: a. effective interest b. compound interest c. simple interest d. nominal interest e. none of the choices

Please answer only handwritten

If a person wants to invest $5,000.00 now for the next 10 years plans to withdraw $7,500.00 after 10 years, what is the exact interest rate he should ask for his investment?