Maggie has 14100 to invest
WebTake the amount the seller wants to net and divide it by that amount ($100,000 ÷ .95 = $105,263.16). Conversely, for a sales price of $105,263.16: $105,263.16 × .95 = $100,000. A buyer with a 20-year, $419,000 loan at a 4.25% interest rate has a monthly principal and interest payment totaling $2,594.59. WebMaggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum simple interest rate Maggie needs to reach her …
Maggie has 14100 to invest
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WebMaggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum simple interest rate Maggie needs to reach her goal? a. 2.89% b. 3.55% c. 4.95% b. 3.55 % d. 5.18% Sue’s bank account has a balance of $899.83 before she starts spending money. WebTo find out how much money Gabriel and Maggie should invest today, we can use the formula for compound interest:A = P (1 + r/n)^ (nt)where:A = the amount of money the grandson will have in 18 years ($70,000) P = the principal amount that Gabriel and Maggie need to invest now r = the annual interest rate (3.45% or 0.0345) n = the number of times ...
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WebJun 22, 2024 · 4000 = 14100* rate *8 rate = 4000/(14100*8) rate = 0.0355*100% = 3.55% is the minimum simple interest rate Maggie needs to reach her goal. Score 1 Log in for more … WebApr 14, 2024 · Ask Californians what policies would improve their quality of life and, it turns out, you’ll get a wide range of answers — from free mental health care to one-stop shops …
WebFeb 3, 2024 · Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum simple interest rate Maggie needs to reach her goal? a. 2.89% b. 3.55% c. 4.95% d. 5.18% Advertisement anyasingh6176 is waiting for your help. Add your answer and earn points. Expert-Verified Answer
WebFeb 9, 2024 · Most investors can invest up to $6,500 in an IRA in 2024 (up to $7,500 if you’re over 50), but IRA eligibility phases out for taxpayers with high incomes. If you’re thinking about opening an IRA, your next step should be to learn about the tax difference between traditional IRAs and Roth IRAs. Investing for short-term goals mellow drive electric skateboardWebFeb 17, 2024 · Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. approximately what is the minimum simple interest rate maggie needs to … melloweasy hello melloweasy.comWebMaggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. 3.55% is the minimum simple interest rate Maggie needs to reach her goal. … naruto shippuden ep 488 bg subWebWhat is the total amount (interest and loan) that he would have to pay the bank at the end of 3 years? Solution: Simple Interest = 20,000 × 13% × 3 = 7,800. At the end of 3 years, he would have to pay. $20,000 + $7,800 = $27,800. Tutorial On Simple Interest. Examples: Doug made a 3 year investment. The interest rate was 4.5%. mellow drum and bassWebDec 7, 2016 · Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. put all the values in the formula Solving solving the above rate =3.55% (approx) the minimum simple interest rate Maggie needs to reach her goal is 3.55% . … melloweasy avisWebOct 23, 2024 · Maggie has $14,100 to invest, and wishes to gain $4,000 in interest over the next eight years. Approximately what is the minimum simple interest rate Maggie needs to reach her goal? A. 2.89% b. 3.55% c. 4.95% d. 5.18% Please select the best answer from the choices provided A B C D Answer by Guest melloweasy pillowWebIf Maggie has $5,000 to invest and wants to have $10,000 at the end of 9 years, what interest rate must she earn on her money, assuming annual compounding? Expert Answer 100% (16 ratings) Solution: Amount (A) =$10000 principal (p)= $5 … View the full answer Previous question Next question melloweasy neck relaxer