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How much money would you need in your account to make 6000 in interest at a rate of percent 4 percent in a year?
Wiki User
∙ 12y ago
You would need 6000/0.04 = 150,000.
Wiki User
∙ 9y ago
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Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
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 interest would you earn in six months on an account that pays 6.5 percent simple interest on 654.89?
21.28
How much interest would you earn in 6 months on an account that pays 6.5 percent simple interest on 654.89?
21.28
What would be the annual opportunity cost of a checking account that requires a 500 minimum balance to avoid service charges Assuming a rate of 3 percent?
The opportunity cost would be the potential missed income from placing the money in an interest bearing account. $500 times .03 = $15.
Do you paid taxes on checking account?
The only tax you would pay on money in a checking account is any interest the money made if it is a interest type of account.
Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
Angela would like to know how much money she will earn in nine months on a savings account that pays 7 percent interest on 3256.12?
$170.95
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
Where would one find interest rates for a money market account?
To find money market account interest rates, one would have to contact a bank or broker. That would be the best way to get the best rates currently in effect.
How much interest would you earn in six months on an account that pays 6.5 percent simple interest on 654.89?
21.28
How much interest would you earn in 6 months on an account that pays 6.5 percent simple interest on 654.89?
21.28
What is high interest savings?
This would be a type of savings account that held your money in a higher interest bracket than a traditional account. There could be higher risk, however.
If you deposit 10000 in a bank account that pays 10 percent interest anually how much would be deposited in your account after 5 years?
5000
What is the meaning of online money market account?
An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical bank account would.
Is PayPal a good way to control your money?
Money you have sitting in your PayPal account would be put to better use for you financially if you paid it into an interest-bearing account instead.
What would be the annual opportunity cost of a checking account that requires a 500 minimum balance to avoid service charges Assuming a rate of 3 percent?
The opportunity cost would be the potential missed income from placing the money in an interest bearing account. $500 times .03 = $15.
