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Jackie invested 12000 in a certificate of deposit at 6 percent She also put 3000 in a savings account at 3 percent How much interest will she earn after one year?
$810
Jerry invested 14000 in a certificate of deposit at 5 percent He also put 2500 in a savings account at 3 percent How much interest will he earn after one year?
$775
The money multiplier formula _____.?
determines the amount of new money that will be created with each demand deposit
What are some words that mean to add in math?
more, plus, deposit, add, gain, raise, increase, sum, total
How much simple interest is earned on a deposit of 800 at a annual rate of 5 percent after two years?
It is 80 currency units.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
Are Chase Checking accounts free to open?
Chase Banks offer two types of checking accounts. They offer a free checking account with no minimum balance with direct deposit and an interest checking account with a $5000 minimum balance and direct deposit.
What is money in a checking account called?
Money in a checking account is called demand deposit.
Can your employer access your checking account?
No. He cannot access your checking account to view the balance or to withdraw money. However, he will be able to access your account to credit your monthly paycheck or salary through direct deposit. Even during direct deposit, he wouldn't be directly accessing your checking account. Instead, his bank would be doing that by means of direct deposit instructions to your bank.
What is the purpose of an online checking account?
An online checking account allows you to view your balance and pay bills from your account. Some banks are starting to implement systems where you take a photo of your check and send it to your online account to deposit it.
Can I deposit cash in someone esle's checking account?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Can I deposit a money order into my checking account?
Yes, you can deposit a money order into your checking account at most banks and credit unions.
What is the technical name for checking account is?
Demand Deposit Account
How can I deposit money into my checking account?
You can deposit money into your checking account by visiting a bank branch, using an ATM, or using mobile banking apps to deposit checks electronically.
Which bank offer free checking?
I am sure most banks do have free checking accounts only if you sign up for a direct deposit or maintain the minimum account balance that is required.
Where should direct deposit be directed: checking or savings account?
Direct deposit should be directed to a checking account for easy access to funds and everyday expenses.
