# interest

### A credit plan charges interest rate of 36% compounded monthly. Find the effective rate.

A credit plan charges interest rate of 36% compounded monthly. Find the effective rate. Calculate Monthly Nominal Rate: Monthly Nominal Rate =...
Thread by: math_celebrity, Jul 1, 2021, 0 replies, in forum: Calculator Requests

### An investment of \$200 is now valued at \$315. Assuming continuous compounding has occurred for 6 year

An investment of \$200 is now valued at \$315. Assuming continuous compounding has occurred for 6 years, approximately what interest rate is needed...
Thread by: math_celebrity, Apr 27, 2020, 0 replies, in forum: Calculator Requests

### Ravi deposits \$500 into an account that pays simple interest at a rate of 4% per year. How much inte

Ravi deposits \$500 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years?...
Thread by: math_celebrity, Jun 22, 2019, 0 replies, in forum: Calculator Requests

### You deposit \$150 into an account that yields 2% interest compounded quarterly. How much money will

You deposit \$150 into an account that yields 2% interest compounded quarterly. How much money will you have after 5 years? 2% per year...
Thread by: math_celebrity, Mar 16, 2019, 0 replies, in forum: Calculator Requests

### You put \$5500 in a bond fund which has an annual yield of 4.8%. How much interest will be earned in

You put \$5500 in a bond fund which has an annual yield of 4.8%. How much interest will be earned in 23 years? Build the accumulation of...
Thread by: math_celebrity, Aug 17, 2018, 0 replies, in forum: Calculator Requests

### Annuity that pays 6.6% compounded monthly. If \$950 is deposited into this annuity every month, how m

Annuity that pays 6.6% compounded monthly. If \$950 is deposited into this annuity every month, how much is in the account after 7 years? How much...
Thread by: math_celebrity, Jan 15, 2018, 0 replies, in forum: Calculator Requests

### Last year, Miguel had \$10,000 to invest. He invested some of it in an account that paid 5% simpl

Last year, Miguel had \$10,000 to invest. He invested some of it in an account that paid 5% simple interest per year, and he invested the rest...
Thread by: math_celebrity, Jun 8, 2017, 0 replies, in forum: Calculator Requests

### Match each variable with a variable by placing the correct letter on each line.

Match each variable with a variable by placing the correct letter on each line. a) principal b) interest c) interest rate d) term/time 2 years...
Thread by: math_celebrity, May 17, 2017, 0 replies, in forum: Calculator Requests

### You split \$1,500 between two savings accounts. Account A pays 5% annual interest and Account B pays

You split \$1,500 between two savings accounts. Account A pays 5% annual interest and Account B pays 4% annual interest. After one year, you have...
Thread by: math_celebrity, Mar 21, 2017, 0 replies, in forum: Calculator Requests