You invested money in a savings account paying 9% interest seven years ago. The account is now worth $5,527.50. How much did you invest? $3,024 $3,689 $3,420 $3,782
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You invested money in a savings account paying 9% interest seven years ago. The account is now worth $5,527.50. How much did you invest?
$3,024
$3,689
$3,420
$3,782
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- When you were born, your parents opened an investment account in your name and deposited $500 into the account. The account has earned an average annual rate of return of 4.8 percent. Today, the account is valued at $36,911.22. How old are you?Katelyn put $12,000 into a savings account three years ago. It paid 6% interest in the first year, and 7% per year for the following two years. What is her account balance today? $14,965 $14,464 $14,123 $14,5631. At the beginning of the year, P5, 000 was invested in a deposit account earning 8% annually. How much will the deposit be after a year? 2. Supposed your father deposited in your bank account P10,000 at an annual interest rate of 10% compounded yearly. When you graduated from Grade 6 and did not get the amount until you finished Grade 12. How much will you have in your bank account after 7 years? 3. At the beginning of the year, P2,000 was invested in a deposit account earning 8% compounded annually for 5 years. How much will the investment be after 5 years? 4. ABCD Company is an investor in oil companies and they should deposit now in order to receive P50,000 at the start of each year for 3 years at a 12% annual compounding interest rate. How much will the investment be after 3 years? NOTE: please use the formula below. Thank you!!
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- Anthony invested a sum of money 2 years ago in a savings account that has since paid interest at the rate of 2%/year compounded quarterly. His investment is now worth $25,789.88. How much did he originally invest? (Round your answer to the nearest cent.)You opened an account with an investment of $1,000 10 years ago. The ending balance in the account is $1,500. Given annual compounding, what interest rate was earned on the account?In how many years will it take $17054 accumulate to $32133 when you deposited in a savings account that earns 3.4 % compounded annually ?
- If you invested $2500 in an account 12 years ago, and it's worth $4,285 now, what rate of return did you earn on your investment? 14.283% 4.593% 4.760% 5.950% 3.471%You put $10,000 in an account earning 5%. After 4 years, you make another deposit into the same account. Four years later (that is, 8 years after your original $10,000 deposit), the account balance is $22,000. What was the amount of the deposit at the end of year 4?Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per year
