Rico deposits $800 at 3.87% interest, compounded quarterly. What is his ending balance after one year?
$831.41
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boom
Lose 50 points!
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shark
Other team loses 15 points!
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rocket
Go to first place!
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baam
Lose 25 points!
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15
You are investing $1500 at 5.2% compounded. How much money will you have in 12 years?
$2,756.01
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15
Find the balance in the account after the given period. $12,000 principal earning 4.8% compounded annually after 7 years
$16,661.35
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20
Mofor invests $7,570 in a savings account with a fixed annual interest rate of 7% compounded continuously. What will the account balance be after 10 years?
$15,244.11
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15
If you invest $20,000 at an annual interest rate of 1% compounded, calculate the final amount you will have in the account after 20 years.
$24,403.80
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15
If you invest $500 at an annual interest rate of 10% compounded, calculate the final amount you will have in the account after five years.
$805.26
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15
Breezy wants to know how much he needs to save each month to have a certain amount in the future. What formula should he use?
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seesaw
Swap points!
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magnet
Take 25 points!
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gift
Win 25 points!
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thief
Give points!
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20
Lyn wants to take a trip to Australia in 2 years. She knows she will need about $4,200. How much should she deposit into an account monthly that pays 2.5% interest compounded monthly, in order to meet her goal?
$170.84
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15
$1000 compounded at an annual rate of 8.25% for 10 years.
$2,209.42
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15
$3400 principal earning 3.6% compounded annually after 2 years. What is the total amount after 2 years?
$3649.21
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10
Find the simple interest: $2020 at 8% for 18 months
$242.40
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15
An amount of $3,000.00 is deposited in a bank paying an annual interest rate of 3 %, compounded annually. Find the balance after 4 years.
$3,376.53
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20
Maya wants to have $50,000 saved for graduate school in 10 years. What single deposit would she need to make now using an account that pays 3%, compounded daily, to meet her goal?