You deposit $ 9,030 in an account that pays 3 % simple interest. How much do you have after 4 years? If needed, round your answer to zero decimal places
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You deposit $ 9,030 in an account that pays 3 % simple interest. How much do you have after 4 years? If needed, round your answer to zero decimal places.
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- Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 3.1%, t = 23 daysIf you give $1000 as a deposit for rent and it accumulates at 4% simple interest, how much money in total would the landlord have to give back to you in 3 years when you stop renting?If you deposit 500 pesos at the end of each year for 3 years into an annuity that pays 5% annual simple interest, what is the value at the end of 3 years?
- If you deposit 500 pesos at the end of each year for 3 years into an annuity that pays 5% annual simple interest, what is the value at the end of 3 years? (Round off to whole numbers. Digits only. No commas.)How much money must you invest today in order to withdraw ₱ 11,331 annually for 5 years if the interest rate is 1.98%?In how many years will an amount be doubled if the interest rate is 6%?
- Find the nominal rate, which if converted to quarterly could be used instead of 12% compound semi-annually?If I want to invest my money, how long will it take (in months) $6000 to earn $120 interest (simple) at 6%?You currently have $18,000 in a bank account earning 4.9%interest. You think you will be able to deposit an additional$7,000 at the end of each of the next five years. How muchwill you have in five years?