document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1088029>Question 1088029</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A couple bought some stock for $40 per share that pays an annual dividend of $0.80 per share. After 1 year the price of the stock was $44. Find the simple interest rate on the growth of their investment. <BR>\n" );
document.write( "how much % ?\r<BR>\n" );
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document.write( "If $5000 is invested at 7% annual simple interest, how long does it take to be worth $8150? <BR>\n" );
document.write( "How many years?\r<BR>\n" );
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document.write( "Find the future value of an annuity of $1100 paid at the end of each year for 15 years, if interest is earned at a rate of 6%, compounded annually. (Round your answer to the nearest cent.) <BR>\n" );
document.write( "How much $ ?\r<BR>\n" );
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document.write( "Find the future value of an ordinary annuity of $500 paid quarterly for 3 years, if the interest rate is 14%, compounded quarterly. (Round your answer to the nearest cent.)<BR>\n" );
document.write( "How much $ ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #702308 by </B><A HREF=/tutors/aboutme.mpl?userid=MathTherapy><B>MathTherapy(10552)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathTherapy><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=MathTherapy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=702308\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "A couple bought some stock for $40 per share that pays an annual dividend of $0.80 per share. After 1 year the price of the stock was $44. Find the simple interest rate on the growth of their investment. <BR>\n" );
document.write( "how much % ?\r<BR>\n" );
document.write( "\n" );
document.write( "If $5000 is invested at 7% annual simple interest, how long does it take to be worth $8150? <BR>\n" );
document.write( "How many years?\r<BR>\n" );
document.write( "\n" );
document.write( "Find the future value of an annuity of $1100 paid at the end of each year for 15 years, if interest is earned at a rate of 6%, compounded annually. (Round your answer to the nearest cent.) <BR>\n" );
document.write( "How much $ ?\r<BR>\n" );
document.write( "\n" );
document.write( "Find the future value of an ordinary annuity of $500 paid quarterly for 3 years, if the interest rate is 14%, compounded quarterly. (Round your answer to the nearest cent.)<BR>\n" );
document.write( "How much $ ?<BR>\n" );
document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">I'll do 1 for you. You have to do MOST of the work, or if I do all, what are you going to do?<BR>\n" );
document.write( "2) It'll take 9 years for $5,000 to accumulate to $8,150.<BR>\n" );
document.write( "However, if the money is left in an account and is not touched, the interest will be COMPOUNDED, and therefore, it'll take less time to accumulate to $8,150. </SPAN>\n" );
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