What would be the yearly earnings for a person with $3,500 in savings at an annual interest rate of 4.8 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?
- 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 want to have $ 367733 for retirement in 31 years. Your account earns 4.4 % interest monthly. How much interest will you earn?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?
- 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 invest $1,100 in an account paying 5% interest per year. What is the balance in the account after 4 years? How much of this balance corresponds to "interest on interest"? What is the balance in the account after 30 years? How much of this balance corresponds to "interest on interest"? (Round to the nearest cent.)An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual return, and the other pays 1515%. How should this individual divide the total amount, if he wants to have an annual return of $11,703?