Archive for the ‘Homework Help’ Category

Math Problem? Percentages?

Sunday, September 28th, 2008
krackalackin93 asked:


The bank pays 6 1/4% interest on a certificate of deposit. If Bailey opened a CD for $2,500, how much interest would she earn?

please put it in a decimal form then multiply. show your work please!!

Brian

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Posted in Homework Help | 6 Comments »

Some one please answer this question?

Monday, September 22nd, 2008
kvs asked:


Some one help me answering this question….?

You invest $100 into a CD (certificate of deposit) for one year and receive $108 at the end of the year. Which of the following is false?
a) the $100 of the CD at maturity is considered a “return of your original investment”.
b) the $8 paid at the maturity is considered your “return on your original investment”.
c) you must pay tax on the return “ON” investment only.
d)You are taxed on the entire cash flow when paid upon the CD’s maturity.

Clara

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Posted in Homework Help | 8 Comments »

GEOMETRY ! please help?

Friday, August 1st, 2008
uhh YOUR MOM!! asked:


Levi purchases a $2000.00 certificate of deposit earning 7% interest compounded annually. The chart shows the value of the investment assuming a constant 7% interest rate. The money is left in the investment 6 years at 7%. What is the value of the investment including interest rounded to the nearest dollar?

Chad

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Posted in Homework Help | 1 Comment »

math problem?

Thursday, April 17th, 2008
Kris asked:


Charles invested $2,000 in a certificate of deposit that pays a rate of 4% per year. What will be the approximate value of the CD in 15 years?

Tracy

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Posted in Homework Help | 5 Comments »

Need a little help with word problems?

Saturday, January 5th, 2008
Aida G asked:


12.5%=
a 1/6
b 1/8
c 1/3
d 1/5

Elise looks at the figure you produced above and says, “that’s a little rich for my blood. I think I could scrounge up $5,000 right now, though.” If she puts that into a certificate of deposit at her local bank 6% intererst, compounded quarterly, how much will she have in 5 years?

a $11,384.79
b $9,870.43
c$ 6,734.28
d $5,942.06

Elise wants to have $ 60,000 for a down payment on a house in five years. She can get a certificate of deposit at her local bank with 6% interest, compounded quarterly. What does she need to deposit today to have the desired amount when she wants it?

a $44,548.23
b $18,249.32
c $ 30, 988.21
d $40, 132.93

Eugene

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Posted in Homework Help | 2 Comments »