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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- What would be the value of a savings account started with $1,200, earning 3 percent (compounded annually) after 10 years?If I deposited $7900 into a savings account that compounds daily at an annual rate of 5.1% how much would the balance be at 5.9 years?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?Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR did you receive if the interest was compounded semiannually? What APR did you receive if the interest was compounded monthlyWhat should the present value of a savings account be to cover $30,000 of college expenses in 12.5 years, if the account pays 7.5% interest compounded quarterly?
- 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.)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.
- Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns 14.00%. How much will the account be worth 14.00 years from today?If you have $50,000 in an interest-bearing savings account that pays2 percent annual interest, how much interest will you earn during a30-day month?You deposit $650 in a savings account. How long does it take an account with an annual interest rate of 5% to earn $178.25 in interest? Round your answer to the nearest tenth.