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You deposit 900 in a savings account that earns 4 percent interest compounded once a year and has no service charges you do not make any deposits or withdrawals to the account for two years at the end?
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∙ 13y ago
$973.44
Wiki User
∙ 13y ago
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You start a account with $2500 and a interest rate of 6.5 compounded yearly. How much is in the account after 7 years?
It is 3884.97 dollars.
Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?
balls
Elena has 500 to invest . she can put it in an account that earns 4 compounded semiannually or in an account that earns 5 simple interest after 2 years how much will be in each account including the?
the last word is principal
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
If 4000 dollars is invested in a bank account at an interest rate of 6 per cent per year what will be the amount after 10 year if interest is compounded annually?
4000 x (1.0610) = $7163.39
900 in savings account that earns 4 percent interest after two years how much is in the account if no deposits or withdrawals have been made?
It depends on the compounding frequency of the rate of interest earned on your bank account. Some banks compound the interest yearly and some do it quarterly. If the interest is compounded every year you will have 973.44 at the end of 2 years.
You deposit 900 in a savings account that earns 4 interest compounded once a year and has no service charges you do not make any deposits or withdrawals to the account for 2 years at the end of 2 year?
$973.44 Mostly your account would become dormant. Most banks have some specifications of the number of minimal transactions that need to be done on an account for it to remain active. If you do not have any deposits/withdrawals for more than 1year the account would become dormant and you may have to visit the branch and re-activate it.
What is the meaning of square the account?
When you square an account, you have brought it up to date in terms of all deposits and withdrawals.
Sam has a savings account that increased in value over a twelve month period from 8765.00 to 9006.04 He made no deposits or withdrawals in that time What annual percent interest did he receive?
2.75
How do you use a checkbook ledger?
an informal recored of all deposits to and withdrawals from a given checking account
What kind of savings account is 401k?
A 401k is a retirement savings account which has very strict rules and regulations concerning deposits and withdrawals.
How much is in a savings account that started with 1500 and earned 4.25 percent compound interest for 2 years Round to the nearest cent?
How old is this problem that you're getting 4.25 percent on a savings account? Never mind. You don't mention how often the interest is compounded, so I'll assume it's yearly, and there are no deposits or withdrawals. 4.25 percent of 1500 is 63.75, so you have 1563.75 after one year. 4.25 percent of 1563.75 is 66.46, so you have 1630.21 after two years.
How is interest paid?
Interest is paid on an amount that you have with a financial institution. The will give you an APR or Annual Percentage Rate, on such deposits into the account. What ever that number divide by 12 months in a year and you will see a monthly interest payment that the banks deposit. So if you had a $100USD and interest was 1.00%APR you would receive about eight cents every month. Interest is paid on deposits and withdrawals averaged in the banking cycle.
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.
Do all deposits gain interest?
Not all deposits gain interest. Deposits to a savings account in a bank usually earn interest. Security deposits sometimes earn interest depending on where you reside. Deposits into investments will earn interest and the rate depends on the state of the economy and the financial markets.
You have opened a Business Time Deposit Account and you want to know the common limitations for this type of account?
Yes. After you have opened the account, you may not make additional deposits into, or withdrawals from, the account until the maturity date. Withdrawals prior to maturity are subject to an Early Withdrawal or Compensating Fee.
You start a account with $2500 and a interest rate of 6.5 compounded yearly. How much is in the account after 7 years?
It is 3884.97 dollars.
