How much money will be in each account 6 years

Assignment Help Econometrics

Reference no: EM13191219

Jim deposits $3,000 in a savings account that pays 6% interest compounded monthly. Three years later he deposits $4,000. Two years after the 4,000 deposit, he makes a final deposit of $6,000. Four years after the $6,000 deposit, half of the accumulated money is TRANSFERRED to a fund that pays 8% interest compounded quarterly. How much money will be in each account 6 years after the TRANSFER?

Reference no: EM13191219

Questions Cloud

Solve for the competitive equilibrium price and quantity : Suppose a monopolist faces the following demand curve, variable cost function, and Suppose a monopolist faces the following demand curve: fixed costs:QD =10-1/2p VC=8Q+Q^2 F=8 a. Find the monopolist's revenue, marginal revenue, and marginal cost func..

State what ph condition would improve compounds solubility : What pH condition (either more soluble in acidic solution OR pH = 1 or more soluble in basic solution of pH= 13) would improve the following compounds solubility in water:

How does the method of payment affect the consumption level : Most systems of medical insurance substantially lower the out-of-pocket costs consumers have to pay for additional units of physician services and hospitalization. Some reduce these costs to zero.

Compute the ph of the solution volumes of hcl : Calculate the pH of the solution after the following volumes of HCl have been added. (For each part remember t ask yourslef these questions. What units am I working in?

How much money will be in each account 6 years : Jim deposits $3,000 in a savings account that pays 6% interest compounded monthly. Three years later he deposits $4,000. Two years after the 4,000 deposit, he makes a final deposit of $6,000. Four years after the $6,000 deposit.

Write balanced molecular and ionic and net ionic equations : Write balanced molecular, ionic and net ionic equations for each reaction that occurred in experiment

Find the height of the trapezoid : a trapezoid has an area of 80.75sq. in and its two bases are 7 and 12 inches long. find the height of the trapezoid.

Determine the optimal facility size for the two regions : In the wake of the energy crisis in California, many electricity generating facilities across the nation are reassessing their projections of future demand and capacity for electricity in their respective markets. As a manager at Florida Power & L..

What is the length of the corresponding side in the second : A polygon has an area of 100 square inches and one of its sides is 13 inches long. If a second similar polygon has an area of 36 square inches, what is the length of the corresponding side in the second polygon?

User Account

All Pages