2006-11-12 15:58:54 · 4 answers · asked by othe1220 1 in Business & Finance ➔ Personal Finance
Mary just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this account for seven years. How much will she have in the account at the end of the seventh year?
2006-11-12 16:06:11 · update #1
If you are telling the truth, she best check out this account!
No legal place is paying 10% for sure! Everybody and his brother would be using a 100% SURE, 10% gain on your money with NO RISKS!
I think she is in for a very bad experience!
2006-11-12 16:41:16 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Because the last part of your question got cut off, I'm giving you a link to a compound interest calculator. Once you have the number of years she plans to leave the money in for, as well as the frequency for paying interest, you can hopefully key that information in the calculator to get your answer.
http://www.1728.com/compint.htm
2006-11-13 00:06:06 · answer #2 · answered by Latrice T 5 · 0⤊ 0⤋
fo ummmmmm fo what cliff hanger
2006-11-13 00:06:27 · answer #3 · answered by Agent99 6 · 0⤊ 0⤋
is the interest annual? monthly?
2006-11-13 00:02:29 · answer #4 · answered by woodtigerdp 3 · 1⤊ 0⤋