MAA MATHEMATICAL ASSOCIATION OF AMERICA 20 Simple and Compound Interest / 10 Previous Problem Problem List Next Problem HW 20 Simple and Compound Interest: Pro (4 points) If $500 is invested at 8% compounded semi-annually, what is the interest earned after: a) 5 years Interest earned = $ b) 6 years Interest earned = $ Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 05/04/2024 at 02:44pm EDT WeBWorK 1996-2022 | theme: math4-green | ww_version: 2.17 | pg_version.

solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?

Can you help me solve for the yellow areas?  This is the whole problem which I have worked through most of but would like to check my work.  Thank you!   Calculate for the cells highlighted in yellow               Time Value of Money problems               For these problems where interest rate is needed use: 7%             Amount of investment:  $                        5,000             Number of years to maturity:                                  10           #1 Amount to be received at maturity:                               Amount of loan:  $                     10,000             Life of loan (years):                                  15           #2 Annual payment             #3 Amount of principal in first payment             #4 Amount of principal in last payment                               Future value  $                     25,000             Maturity in years:                                  20           #5 Present value…

Module 2.6: Understandin... Question Calculate the total cost of a 15-year, $20,000 student loan at an interest rate of 4.5% per year compounded monthly. Round to the nearest dollar. CURRENT OBJECTIVE Evaluate student loan options Provide your answer below: @ W S 3 e d C $ 4 r f 0 % 5 t A 6 Oll y h & 7 FEEDBACK J * 8 j Von b MORE INSTRUCTION m ( 9 k O O SUBMIT P

Suppose you want to have $800,000 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? Question Help: DVideo Message instructor Submit Question MacBook Air 吕口 F2 F3 F4 F5 F6 F7 F8 @ #3 $ & * 2 3 4 5 7 8. 9 W E R Y S D F G K N I M

Safari File Edit View History Bookmarks Window Help Bb Saving Money - 22/SU INTENSIVE QUANT REASONING (105A-900) $ webassign.net Q8 +88 W WA Finance 1 - Saving Money and Earning Interest - 22/SU INTENSIVE QUANT REASONING(105A-900), Sum... Assume that you have $3000 to invest for 5 years. You could purchase a 5-year CD with a guaranteed interest rate of 2.47% compounded monthly. On the other hand, if you are willing to face the risk of actually losing your money, you could invest it in the stock market which has an historical return rate of about 6.5% per year. Think of this as investing your money in a non-guaranteed account that pays 6.5% APR compounded annually. With the specific interest rates quoted, how much more interest could you potentially earn by putting your money in the stock market for 5 years instead of in the CD? Round your answer to the nearest whole dollar. Thu Jul 7 11:49 AM

Find the interest earned on $5,750 deposited into a savings account for 3 1/2 years at an annual interest rate of 4 1/2% a. What formula should be used? b. What are you trying to find and what variable does it represent in the formula? c. Solve the problem showing all of your work (must show all steps!!) d. Interpet your answer using a complete sentence You may use the box below to upoload a picture of your written explanation or type it out in the box. Use the "mountain" button to add pictures.

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

4 Math Applications MyOpenMath You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? Submit Question Search 1 04

Suppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How much would you need to deposit in the account each month? Submit Question ath.com/course/showcalendar.php?cid=179278 Q Search