At the end of 2007 a student has $200 in a bank savings deposit that is earning an interest rate of 5 percent a year. If the student leaves the savings account untouched, when will his deposit have grown to $400? If the student leaves the savings account untouched, his deposit will have grown to $400 O A. by 2021 B. after 28 years O C. by 2035 O D. after 7 years

At the end of 2007 a student has $200 in a bank savings deposit that is earning an interest rate of 5 percent a year. If the student leaves the savings account untouched, when will his deposit have grown to $400? If the student leaves the savings account untouched, his deposit will have grown to $400 O A. by 2021 B. after 28 years O C. by 2035 O D. after 7 years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

get solution
A real estate company expects to earn $100M on a project they plan to invest in, if the company decides to invest a quarter of that sum now, how much will they have earned in 18 periods at a rate of 9%? O a. 118 million O b. 471 million О с. 100 million O d. 443 million
Please show work
Suppore you $15,000 as feu cach year. The college lasts for 2 years. After 2 years, you get a jol that giver you S60,000. Il you do not ga to college, then you carn $30,000 for 3 years, $45,000 for neet 3 S60,000 (on evey yas after that. Amume interest rate is 10 percent. Will you go to colge? have two option: go to college or start working. l you go to college, you have to pay years and
Please please sir answer both I know sir policy but i have no more questions left sir please
Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of the first year is $1,200. The deposit amounts increase by $300 in each of the next 4 years. How much would you have immediately after the 5th deposit? O s10,642.42 O $9,000.00 O $11,705.56 O $8,925.12
Question 1 A Collage student borrowed $5,000 on August 1 from the bank and must repay a total of $5,300 on July 31st of next year. Determine the interest amount. O a. $5,000 O b.$5,350 Oc. $ 350 O d.$ 300
A welder will deposit P500.00with a savings and loan association at the beginning of each 4 months for 10 years. If the association pays interest at the rate of 7% every 4 months, find the sum of his credit just after the last deposit. O a. P22,877.00 O b. P21,787.00 O c. P21,788.00 O d. P21,877.00
Peffers Inc. decided to set aside $10,000.00 at the beginning of each quarter for the next seven years. If this amount can yield a return rate of 12.35% compounded quarterly, what is the present value of this investment (round to the nearest cent)? O a. $768,579.17 O b. $782,139.10 O c. $326,222.99 O d. $331,978.50
could you solve this? thank you...
If you want to withdraw $5000 in each year for the next 10 years when the interest rate is 40%, what is the approximate amount you need to invest now? O a. $11000 O b. $13000 O . $8500 O d. $16000