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Can you explain how the credited amount was calculated in my account?

The credited amount in your account is calculated based on deposits, interest earned, and any other credits added to your account. This total amount reflects the money that has been added to your account over a specific period of time.


What is 20 percent as a equivalent dollar amount is?

$0.20


What are the details of the bank statement deposits for this month?

The bank statement deposits for this month show the total amount of money that has been added to the account during the current month.


You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?

If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.


What happens when you put a different amount than you type in an ATM?

The amount will be corrected before it posts to the account and becomes available, because ATM deposits are verified by humans.


What is the future value of monthly deposits?

The future value of monthly deposits is the total amount of money accumulated over time by consistently adding money to an investment or savings account on a monthly basis.


The amount in a saving account increased from 200 to 216 what is the percent of increase?

This is an increase of 8%.


What is the most important thing in the FDIC will do if the bank in which you have your savings goes out of business?

The FDIC will repay the amount of deposits you lost up to $100,000 per account.


Packer wants to place 700.00 into a savings account for 5 years He wants to deposit 400.00 at 4.0 percent and the rest in another account at 6.5 percent What would his amount of interest be at the en?

177.50


June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?

13468.02


Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?

177.50


How much does the FDIC cover in deposits?

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.