anuty
Jimmy plans to deposit $750 semiannually for 20 years. The money will earn 8% compounded semiannually. How much money will he have at the end of 20 years?
$71,269.14
Garfield deposits $567.23 in a savings account that earns 2.6% interest compounded quarterly. If he leaves the money alone for 7 years, how much money will he have in the account?
$680.06
Balsha deposits $2,000 in a 7 month CD that earns 7.6% simple interest. How much interest will the account earn?
$81.67
Jill receives her bank statement at the end of the month and sees that her statement and does not match her check register. Her register has a balance of $1,352.24. She saw a service charge of $14.37 and had earned $1.23 in interest. She also forgot about her direct desopit of $450.24. Fix her check register.
$1,789.34
Jennay deposits $7,000 in a account that earns 3% interest compounded monthly. How much will be in the account after 6 years?
$8,378.64
In a future value problem you are _________ the same amount of money at certain intervals.
Depositing
Asa put $100,001 in a savings account. The account earns 2.4% compounded semiannually. How much will he have after 28 years?
$195,035.22
If you withdraw from a CD before it ends you have have to
Cash out the whole CD
Jenessa had a garage sale and thinks she did pretty well. She takes her cash to the bank to deposit it. She has: 7 twenties, 12 tens, 34 fives, 58 ones, 14 quarters, 36 dimes, and 55 pennies. How much did she deposit?
$495.65
Forest put his $4,000 bonus in a 4 year CD that earns 7% simple annual interest. How much interest will he earn?
$1,120
In a present value problem you are _________ the same amount of money at certain intervals.
Withdrawing
Thailor deposited $1,500 in a savings account. The account earns 2.4% interest compounded daily. How much interest will Thailor make if he leaves the account alone for 4 years?
$151.13
Edwin puts $46,563 in a 8 month CD that earns 7.9% simple interest. The penalty for early withdrawal is 3 months interest. He he takes his money out after 2 months how much money did he earn?
$-302.66
13.58 years
Bubba wants to receive $500 annuity payment each month for 2 years to help pay for his car. If he earns 9% interest compounded monthly, how much does he need in the account when he starts the withdrawals?
$10,944.58
Kimberly is looking to retire soon and wants to receive an annuity payment of $4,000 a quarter for 6 years. The money earns 6% interest compounded quarterly. How much money does she need in the account to receive the payments?
$80,121.64
Laygor plans to deposit $50 dollars monthly into account that earns 3% interest compound monthly. How much money and interest will he have after 2 years?
$1,235.14
35.14
Guinevere has the deal of a life time to deposit $4,500 dollars in a 11 month CD earning 12% simple interest. The penalty for early withdrawal is 8 months interest. How much money will she have is she withdraws the money after 11 months?
$4,995
What is the effective rate of interest on a an account that earned $25.34 in interest on $1,572.36?
1.61%
Carl is depositing $250 dollars quarterly for 6 years. The money will earn 10% interest compounded quarterly. How much will be in the account at the end of 6 years? How much of that is interest?
$8,087.26
$2,087.26
Lee has $9,000 dollars that he could put in a savings account that earns 3.2% interest compounded quarterly. He also could also pay $375 a month in a account that earns 9% interest compounded monthly. Which is the better option over 2 years? (give me both numbers)
Savings account
$9,542.39
$9,445.68
If Jordan wants to have $10,500 at the end of 6 years. How much should she deposit if she will earn 5.6% interests, compounded monthly?
$7,509.41
A CD requires a ______________ deposit and must be left in the account for a ____ or pay a penalty.
term
Silas has $63.27 in his bank account and goes shopping. When at the store his total comes to $65.82. He swipes his card and it says insufficient funds. What should he do?
Put some things back
Dan put $5,000 in a 6 month CD that earns 5.6% simple annual interest. The penalty for early withdrawal in 2 months interest. If he withdraws the money after 3 months, How much money will he have?
$5,023.33