What would be the yearly earnings for a person with $2,000 in savings at an annual interest rate of 6.5 percent?
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- I want to this question answer general Accounting questionWhat would be the value of a savings account started with $1,200, earning 3 percent (compounded annually) after 10 years?Suppose you invest $103 nin a bank account, and five years later it has grown to $137.91. a. What APR did you receive, if the interest was compounded semiannually? b. What APR did you receive if the interest was compounded monthly?
- Suppose you have $1500 in your savings account at the end of a certain period of time. You invested $1100 at a 5.37% simple annual interest rate. How long, in years, was your money invested?If you deposit $4,600 today into an account earning an annual rate of return of 14 percent, what would your account be worth in 25 years?What is the future value, after 36 years, of $375 placed in a savings account today that pays interest quarterly, assuming an annual interest rate of 10%?
- If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 40 years?$__________(Round to the nearest cent.)What is the future value of $2,000 deposited for one year earning 6 percent interest rate annually?Suppose you have $1700 in your savings account at the end of a certain period of time. You invested $1100 at a 4.95% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.