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Janny opened a savings account and deposited$300.00 as principal.The account earns 6% interest, compounded annually.What is the balance after 6 years?
A investor's price for a townhouse was $8560 .The buyers of the rental unit financed it by a 36 month loan at 9% interest compounded monthly.What is the amount of each monthly payment and the total interest cost of financing?
bellamy borrowed 65,000 at 7% interest compounded quarterly and agreed to repay the loan in quarterly payments of 5,000 each . the first payment is due in two years. Find the number of payments
find the future value and the present value of an annuity of 15,000 payable at the end of every three months for 30 payments. the first payment is due at the end of seven years. the interest rate is 11 % compounded quarterly.
belle Benigna invested 2,500 at the beginning of each month 12% compounded monthly how much would be in the account after 5 years
Calculate the simple interest for:
$850 is invested at 7% per annum for2 years
calculate the simple interest of $850 is invested at 7% per annum for 2 years
9000 dollars is placed in an account with an annual interest rate of 8%. How much will be in the account after 17 years, to the nearest cent?
A principal of N2500 is invested at 2% interest. Find the amount after 20 years if the interest is compounded (a) annually, (b) semi-annually, (c) quarterly, (d) monthly, and (e) daily.
A tool and die company buy a machine for N175,000 and it depreciates at a rate of 30% per year. (In other words, at the end of each year the depreciated value is 70% of what it was at the beginning of the year.) Find the depreciated value of the machine after 5 full years.
