Question: plzzz answer both for thumbs up i need help Sherri deposited $3,000 into a savings account earning a simple interest rate of 8.65%. How long

plzzz answer both for thumbs up i need help  plzzz answer both for thumbs up i need help Sherri deposited
$3,000 into a savings account earning a simple interest rate of 8.65%.

Sherri deposited $3,000 into a savings account earning a simple interest rate of 8.65%. How long will it take to earn $291.50 in interest? Express your answer in days (2 decimals). How much would you need to deposit at the end of every quarter if you wanted to end up with $14,000 in 5 years' time? Assume an interest rate of 4.7% compounded monthly

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!