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Ryan was 8 when his parents invested 4000 in a certificate of deposit that pays 6 percent If Ryan leaves the account alone until it reaches 10000 how old will he be Assume that the interest is no?
Wiki User
∙ 13y ago
he is 33 because
.06*4000=240
10000-4000=6000
6000/240=25
8+25=33
Wiki User
∙ 13y ago
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How do you make your neopets bank interest go up?
To make your interest go up, you simply need to deposit more Neopoints (NP). The more NP in your bank account, the higher your interest. Also, by switching your type of bank account (see the bottom of the National Neopian page) to a more expensive account (you will need to have at least the minimum amount of NP when you start that new type), you will increase your interest slightly.
Is it ok to exchange neopoints deposit them get higher bank interest and give them back to the other player in neopets?
If you give them back, then your interest will be low again. And no, it is not okay, that is cheating.
How do you DELETE a bank account on Neopets?
You basically just make another account. But on a side account you can't do dailies, or win trophies or anything because it is against the rules and you can get frozen. People usually use side accounts for keeping pets, or using their petpages.
Can ABC Company deposit a check into their account if the check is made payable to CBS Company?
Yes if the bank accepts it, but ABC company is liable for the amount if the check isn't paid.
What is security alchemist infra realty limited if it is to deposit money here?
People have firm belief in their minds that their money is most secured only in Banks,Post Offices or in various schemes of LICI. They cannot be entirely blamed as they have burnt their fingers by putting their hard earned money in various lucrative schemes of Chit Funds in the past. These funds allured the common people by offering interest as high as 48% paid for few months and then closed their offices and fled away. The basic difference with these Cos and Alchemist is that the latter is a List company of SEBI and registered with NSE,BSE. The accumulated money collected from the public is invested in their various projects under the Scheme 'Certificate of Property'wherein the investor is given the right of land proportionate to their invested amount, registered with appropriate authority and promise to pay an assured amount in lieu of the land. A Power of Attorney is executed in favor the Co. so that the investor cannot raise any objection regarding the development the land later on. The previous schemes have already started maturing and most of the investors have reinvested their amount, instilling confidence on the Co. Thus the investors' money is well protected in 'Certificate of Property' as in Banks, Post Offices, or in Lic products. One can go through the registered deeds by visiting their regional office. They can also visit their website and have a closer look at the performance of the Co.
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?
775
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
Sharon invested 4000 in a certificate of deposit at 5 percent She also put 500 in a savings account at 3 percent How much interest will she earn after one year?
215
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
Ryan was 8 when his parents invested 4000 in a certificate of deposit that pays 6 percent If Ryan leaves the account alone until the investment doubles how old will he be Assume that the interest?
20, assuming annual compound interest, 24 if simple interest.
Where can one obtain a certificate of deposit interest?
One can receive a certificate of deposit interest from their bank. They could also log on to their digital banking account and find out that way it's easy.
What is a certificate of deposit?
When you put money in a savings account, you can draw it out at any time. In a certificate of deposit, you agree to leave it in the bank for a certain period of time. They pay slightly higher interest because they know that money will be there for 3 months, 6 months, 1 year, etc. If you draw it out early, they reduce your interest.
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
Which of these is a type of savings account that is designed to accrue interest for a specific period of time?
certificate of deposit
Which is a type of savings account that is designed to accrue interest for a specific period of time?
certificate of deposit
What the the advantages and disadvantages of a certificate of deposit?
Certificates of deposit are a good idea because they are a high interest deposit and offer a higher interest rate than a savings account and treasury bills and notes.
What are the advantages and disadvantages of a certificate of deposit?
One disadvantage of a Certificate of Deposit is that the money is there, but the customer cannot use it. If the money is drawn out earlier than the due date, monetary penalties will be assessed and the customer will actually lose money.
