630/(1.1)3 = 630/1.331 = 473.33
Type your answer here... $8,324.59
y = ln(3)/ln(1.0575) = 19.65 years, approx.
4795.65 (approx).
Matt will have $2,298.65.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Type your answer here... $8,324.59
You would need 9687 dollars.
y = ln(3)/ln(1.0575) = 19.65 years, approx.
708.35 will yield 820.004 = 820.00 The annual growth rate is eln(1.05) - 1 or 10log(1.05) - 1
4795.65 (approx).
479.26 needs to be invested to get to 2450 after 20 years at 8.5% compound interest.
At 6% interest, the total amount of money increases by a factor of 1.06 (100% + 6%) every year, so to get the amount after 4 years, you calculate 900 x 1.064.
I haven't gotten the answer to that test question either....the choices seem wrong
Five years
11000*(1.045)^4=$13117.70stop cheating on your math homework
Matt will have $2,298.65.
jenny has thrice as much money invested in 15% as she invested at 12%. if she gets 51,300.00 from both investment how much did she invest at each rate?