If $525$525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.
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The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years).
If $525$525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.
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- If $6000 is invested in an account. After three years, the account has $7500 in it. If money is compounded monthly, what is the nominal rate?Suppose that you make 35 annual deposits of $2,544 in an account paying 9% APR with daily compounding. Assuming that the first deposit will occur six years from now and that each of the remaining deposit will occur exactly one year apart, how much money will be in the account 40 years from now? Round your final answer to two decimals. Don't table useIf you leave $4400 in an account earning 2% interest, compounded daily, how much money will be in the account after 2 years? (Round your answer to two decimal places.)