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Browse through our recently updated questions and discussion topics.
Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the ...
Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the ...
Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is

▸ $90,195.20

▸ $93,932.28

▸ $95,072.31

▸ $88,555.42
Finance   anthonyaooo   12   Pmoch   2 months ago
Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four ...
Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four ...
[html]Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12% rate compounded quarterly, and Four Rivers offers 14% compounded semiannually. Jane has $40,000 to invest and expects to withdraw the money at the end of five years. The better deal is:

▸ Four Rivers because she will earn about $6,442 more
Finance   florida1014   5   isaw09   2 months ago
Interest on $2,630 at 3% compounded semiannually for five years is:
Interest on $2,630 at 3% compounded semiannually for five years is:
Interest on $2,630 at 3% compounded semiannually for five years is:

▸ $422.22

▸ $394.50

▸ $418.89

▸ $420.80
Finance   Infinitez   10   alpha987   2 months ago
Gracie Shay wants to buy a new Hummer in five years. Gracie estimates the cost of the Hummer will be ...
Gracie Shay wants to buy a new Hummer in five years. Gracie estimates the cost of the Hummer will be ...
[html]Gracie Shay wants to buy a new Hummer in five years. Gracie estimates the cost of the Hummer will be $28,000. If she invests $12,000 now at a rate of 6% compounded semiannually, she:

▸ Will miss her goal by about $10,891.

▸ Will miss her goal by about $11,680.

▸ Will miss her goal by about $11,833.

▸ Will miss her goal by about $11,873.[/
Finance   primewire   6   karatins   2 months ago
Ellen deposits $6,773 into an account earning 1% annually. After seven years what will Ellen's ...
Ellen deposits $6,773 into an account earning 1% annually. After seven years what will Ellen's ...
Ellen deposits $6,773 into an account earning 1% annually. After seven years what will Ellen's balance have grown to, including interest?

▸ $7,516.68

▸ $7,516.88

▸ $7,261.57

▸ $7,247.11
Finance   partygirl4u59   10   silvermoon197   2 months ago
Effective rate (APY) is:
Effective rate (APY) is:
Effective rate (APY) is:

▸ Never related to compound table

▸ Interest for one year divided by annual rate

▸ Interest for one year divided by principal for two years

▸ Interest for one year divided by principal

▸ None of these
Finance   minaebied   9   dressagegal1   2 months ago
Earl Miller deposited $25,000 at Y Bank at an interest rate of 12% compounded quarterly. The ...
Earl Miller deposited $25,000 at Y Bank at an interest rate of 12% compounded quarterly. The ...
Earl Miller deposited $25,000 at Y Bank at an interest rate of 12% compounded quarterly. The effective rate (APY) is:

▸ 12%

▸ 12.55%

▸ 12.15%

▸ 13.2%
Finance   bioFREAK11   13   bwhurd   2 months ago
Compounding:
Compounding:
Compounding:

▸ Calculates interest periodically

▸ Looks into the present when the future is known

▸ Is done only on an annual basis

▸ Results in less interest than simple interest

▸ None of these
Finance   jack bopp   8   lnvolley24   2 months ago
Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes ...
Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes ...
[html]Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,000 to retire comfortably. To date, he has set aside no retirement money. If he gets an interest rate of 6% compounded annually, what will he have to invest today to reach his goal?Note:
Finance   Krazil   11   sania24   2 months ago
Anne Katz, the owner of Katz Sport Shop, loaned Shelley Slater $8,000 to help her open an art shop. ...
Anne Katz, the owner of Katz Sport Shop, loaned Shelley Slater $8,000 to help her open an art shop. ...
Anne Katz, the owner of Katz Sport Shop, loaned Shelley Slater $8,000 to help her open an art shop. Shelley plans to repay Anne at the end of eight years with interest compounded semiannually at 8%. At the end of eight years, Anne will receive.

▸ $14,983.85

▸ $13,120

▸ $14,807.44

▸ $14,484
Finance   ia45122   18   chanelstar27   2 months ago
Al Miler, the owner of Al's Garage, estimates that he will need $29,000 for new equipment in 15 ...
Al Miler, the owner of Al's Garage, estimates that he will need $29,000 for new equipment in 15 ...
Al Miler, the owner of Al's Garage, estimates that he will need $29,000 for new equipment in 15 years. Al decides that he will put aside the money now so that in 15 years the $29,000 will be available. His bank offers him 10% interest compounded semiannually. Al must invest today:

▸ $6,709.95

▸ $6,942.60

▸ $6,701.60

▸ $11,600
Finance   kickykhalil   10   sillysquirrel   2 months ago
$6,000 for six years at 8% compounded daily will grow to:
$6,000 for six years at 8% compounded daily will grow to:
$6,000 for six years at 8½% compounded daily will grow to:

▸ $9,060.00

▸ $9,788.81

▸ $9,991.15

▸ $9,990.02
Finance   blinkrb   6   Hello32hello3   2 months ago
$52,000 for 2.5 years compounded at 6% monthly results in how many periods?
$52,000 for 2.5 years compounded at 6% monthly results in how many periods?
$52,000 for 2.5 years compounded at 6% monthly results in how many periods?

▸ 24

▸ 30

▸ 12

▸ 60

▸ None of these
Finance   rbayla   15   firebug210   2 months ago
$25,000 for 15 years compounded at 12% semiannually results in a rate per period of:
$25,000 for 15 years compounded at 12% semiannually results in a rate per period of:
$25,000 for 15 years compounded at 12% semiannually results in a rate per period of:

▸ 3%

▸ 12%

▸ 6%

▸ 1%

▸ None of these
Finance   aeropa84   17   gronk44   2 months ago
$20,000 for 14 years compounded at 8% semiannually results in how many periods?
$20,000 for 14 years compounded at 8% semiannually results in how many periods?
$20,000 for 14 years compounded at 8% semiannually results in how many periods?

▸ 64

▸ 28

▸ 12

▸ 14

▸ None of these
Finance   lotusflwr   14   jbee   2 months ago
$185,000 for 20 years compounded at 10% semiannually results in a rate per period of:
$185,000 for 20 years compounded at 10% semiannually results in a rate per period of:
$185,000 for 20 years compounded at 10% semiannually results in a rate per period of:

▸ 3%

▸ 8%

▸ 2%

▸ 5%

▸ None of these
Finance   SHABBA027   3   nnenne   2 months ago
$100,000 for 20 years compounded at 4% annually results in a rate per period of:
$100,000 for 20 years compounded at 4% annually results in a rate per period of:
$100,000 for 20 years compounded at 4% annually results in a rate per period of:

▸ 3%

▸ 5%

▸ 4%

▸ 1%

▸ None of these
Finance   aramo023   7   carolyne254   2 months ago
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
[html]Use the present value table to complete:Note: Round to the nearest cent.
Finance   ejoty   9   channy40   2 months ago
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
[html]Use the present value table to complete:Note: Round to the nearest cent.
Finance   doggerfresh   10   oth987   2 months ago
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
[html]Use the present value table to complete:Note: Round to the nearest cent.
Finance   xiaily   11   mnnewman   2 months ago
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
[html]Use the present value table to complete:Note: Round to the nearest cent.
Finance   mombefor78   7   omolola69   2 months ago
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
[html]Use the present value table to complete:Note: Round to the nearest cent.
Finance   nikki1992   14   bwhurd   2 months ago
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
Use the present value table to complete:Note: Round to the nearest cent.Future Amount DesiredLength ...
[html]Use the present value table to complete:Note: Round to the nearest cent.
Finance   realgraverobb   6   cglotfelty   2 months ago
Use the present value formula to complete:Note: Do not round intermediate calculations. Round the ...
Use the present value formula to complete:Note: Do not round intermediate calculations. Round the ...
[html]Use the present value formula to complete:Note: Do not round intermediate calculations. Round the "Periodic Rate" to the nearest tenth percent and "Amount to Invest Today" to the nearest cent.
Finance   lotusflwr   9   ecunis1   2 months ago
Travis Brown deposited $17,500 into Browning Bank, which pays 4% compounded quarterly. Calculate how ...
Travis Brown deposited $17,500 into Browning Bank, which pays 4% compounded quarterly. Calculate how ...
Travis Brown deposited $17,500 into Browning Bank, which pays 4% compounded quarterly. Calculate how much Travis will have in his account at the end of seven years.Note: Round your answer to the nearest cent.
Finance   mylesnagop   10   shanej399   2 months ago
Solve.Note: Round your answers to the nearest cent.$ 8,00010%3 yearsSemi- annuallyTotal Amount
Solve.Note: Round your answers to the nearest cent.$ 8,00010%3 yearsSemi- annuallyTotal Amount
[html]Solve.Note: Round your answers to the nearest cent.
Finance   thatguy67   8   bwhurd   2 months ago
Solve.Note: Round your answers to the nearest cent.$ 15,00012%4 yearsQuarterlyTotal Amount
Solve.Note: Round your answers to the nearest cent.$ 15,00012%4 yearsQuarterlyTotal Amount
[html]Solve.Note: Round your answers to the nearest cent.
Finance   mkjmabrey   9   davisdiamond   2 months ago
Solve.Note: Round the "Total Amount and Total Interest" to the nearest cent.PrincipalTimeRate of ...
Solve.Note: Round the "Total Amount and Total Interest" to the nearest cent.PrincipalTimeRate of ...
[html]Solve.Note: Round the "Total Amount and Total Interest" to the nearest cent.
Finance   kady   10   gagan17   2 months ago
Solve.Note: Round the "Total Amount and Total Interest" to the nearest cent.PrincipalTimeRate of ...
Solve.Note: Round the "Total Amount and Total Interest" to the nearest cent.PrincipalTimeRate of ...
[html]Solve.Note: Round the "Total Amount and Total Interest" to the nearest cent.
Finance   johndoris   11   jd1044   2 months ago
Solve by financial calculator. Find future value.Note: Round your answer to the nearest hundredeth.$ ...
Solve by financial calculator. Find future value.Note: Round your answer to the nearest hundredeth.$ ...
[html]Solve by financial calculator. Find future value.Note: Round your answer to the nearest hundredeth.
Finance   shahabkhon   4   moraa   2 months ago
Ryan deposits $12,000 into a fixed asset account that earns 6% compounded quarterly. What is Ryans ...
Ryan deposits $12,000 into a fixed asset account that earns 6% compounded quarterly. What is Ryans ...
Ryan deposits $12,000 into a fixed asset account that earns 6% compounded quarterly. What is Ryan’s balance at the end of five years?Note: Round your answer to the nearest cent.
Finance   DenverMade   10   Kimbleton   2 months ago
Pete Sist wants to buy a new Chevrolet in five years. He estimates the car will cost $24,000. ...
Pete Sist wants to buy a new Chevrolet in five years. He estimates the car will cost $24,000. ...
[html]Pete Sist wants to buy a new Chevrolet in five years. He estimates the car will cost $24,000. Assuming Pete invests $15,000 now at 10% interest compounded semiannually, will he have enough money to buy the car at the end of five years? How much will Pete have?Note: Round your answer to the nearest cent
Finance   pattytcakes   5   anitasag   2 months ago
Paul Lospennato wants to buy a house. Five years from now, he will need $90,000. Paul wants you to ...
Paul Lospennato wants to buy a house. Five years from now, he will need $90,000. Paul wants you to ...
Paul Lospennato wants to buy a house. Five years from now, he will need $90,000. Paul wants you to calculate how much he needs today to put in the bank (10% compounded semiannually) to reach his goal in the future.Note: Round your answer to the nearest cent.
Finance   johnboycs   9   firebug210   2 months ago
Olga deposited $27,800 into ABC Bank, which pays 6% compounded semi annually. Calculate how much ...
Olga deposited $27,800 into ABC Bank, which pays 6% compounded semi annually. Calculate how much ...
Olga deposited $27,800 into ABC Bank, which pays 6% compounded semi annually. Calculate how much Olga will have in her account at the end of 5 years.Note: Round your answer to the nearest cent.
Finance   mooncalled   11   WoodyNRex   2 months ago
Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the ...
Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the ...
[html]Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the beginning of year 4, Moxie deposits an additional $60,000 at 6% interest compounded semiannually. At the end of six years, what is the balance in Moxie's account?Note: Round your answer to the nearest cent.
Finance   hellchicken   14   jmmiller   2 months ago
Molly Scupper wants to attend Clarke University. She will need $90,000 eight years from today. ...
Molly Scupper wants to attend Clarke University. She will need $90,000 eight years from today. ...
[html]Molly Scupper wants to attend Clarke University. She will need $90,000 eight years from today. Assume Molly's bank pays 6% interest compounded quarterly. What must Molly deposit today to have $90,000 in eight years? Verify your answer.Note: Round your answer to the nearest cent.[/ht
Finance   badd99   11   psstone42   2 months ago
Mel Ross thinks he would like to buy a used car in five years for $8,000. He wants to put the money ...
Mel Ross thinks he would like to buy a used car in five years for $8,000. He wants to put the money ...
[html]Mel Ross thinks he would like to buy a used car in five years for $8,000. He wants to put the money aside now so that in five years the $8,000 will be available. His bank offers him 12% interest, compounded semiannually. Calculate what Mel must invest today?Note: Round your answer to the nearest cent.
Finance   salonijainnn   10   jmoline2   2 months ago
Match the following terms with their definitions1. Periodically interest is calculated and added to ...
Match the following terms with their definitions1. Periodically interest is calculated and added to ...
[html]Match the following terms with their definitions
Finance   AsadQ1   9   latoya86   2 months ago
Mark Larken promised his grandson Ralph that he would give him $3,000 six years from today for ...
Mark Larken promised his grandson Ralph that he would give him $3,000 six years from today for ...
Mark Larken promised his grandson Ralph that he would give him $3,000 six years from today for graduating high school. If money is worth 10% compounded semiannually, what is the present value of this money?Note: Round your answer to the nearest cent.
Finance   nitanikollaj   5   gronk44   2 months ago
Marcia Gadzera wants to retire in San Diego when she is 65 years old. Marcia is now 50 and believes ...
Marcia Gadzera wants to retire in San Diego when she is 65 years old. Marcia is now 50 and believes ...
[html]Marcia Gadzera wants to retire in San Diego when she is 65 years old. Marcia is now 50 and believes she will need $90,000 to retire comfortably. To date, she has set aside no retirement money. If she gets interest of 10% compounded semiannually, how much must she invest today to meet her goal of $90,000?
Finance   smithc52   12   webmom2008   2 months ago
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