Jon plans to start a saving account. His plan is to deposit $58 each month into a money market account that guarantees a 6% interest rate compounded monthly as long as you do to remove any money from the account. How long will it take the account to accumulate to $1000? Round two decimal places. years

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: You deposit $6500 into an account paying 8% annual interest compounded monthly. How much money will…

A: solution of the given problem is below ...

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

A:

Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

A:

Q: 12. Joshua has $59,000 to invest at Bank Wonderful. His account will earn 11% compounded annually.…

A: The given principal value P = $ 59,000 Interest rate r = 11% annually Time t = 2 years

Q: Jason invests $6000 in a savings account. The savings account pays compound interest at a rate of…

A: Let's find.

Q: Jimmy invests $500 in an account with a 3% interest rate, making no other deposits or withdrawals.…

A:

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

A:

Q: Find the final amount of money in an account if $1, 000 is deposited at 3 % interest compounded…

A:

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

Q: A sum of $1000 is invested at an interest rate of 12% per year. Find the amounts in the account…

A: P=1000,  r=12%=0.12  &  t=3. Compounded annually: A=P1+rnn·t=10001+0.1211·3=10001.123=$1404.928…