Financial Math Answers

Gita invests $2642 in a savings account for 3 years that earns 3.2% compounded quarterly.

How much interest will she have earned at the end of 3 years?

Sahil makes car payments of $318/month for the next 5 years.

His car loan has an interest rate of 2.6%, discounted monthly.

What was the initial price of the car?

Henry invests $2432 in a savings account for 3 years that earns 1.4% compounded quarterly.

How much interest will he have earned at the end of 3 years?

Tony makes deposits of $320 monthly (at the end of each month) into an account that pays 1.8% interest compounded monthly.

How much interest will he have earned after 3 years?

Ashley makes deposits of $293 monthly (at the end of each month) into an account that pays 1.7% interest compounded monthly.

How much money will be in the account after 5 years?

Chivon invests $2757 in a simple interest account. The annual interest rate is 2.1%.

How much money in total will she have earned at the end of 3 years?

Aijia invests $2641 in a simple interest account. The annual interest rate is 3.6%.

How much interest will she have earned at the end of 5 years?

Erica invests $2744 in a savings account for 4 years that earns 1.0% compounded semi-annually.

How much money in total will she have earned at the end of 4 years?

Bill makes car payments of $273/month for the next 3 years.

His car loan has an interest rate of 2.6%, discounted monthly.

What was the initial price of the car?

Bill makes car payments of $273/month for the next 3 years.

His car loan has an interest rate of 2.6%, discounted monthly.

What was the initial price of the car?