1. Today, Mark invested $5,000 into an account that guarantees 7.75% p.a. compounded monthly and Madonna invested $5,000 into account guaranteeing 8.25% p.a. compounded semiannually. How long will it take (in years) for the value of Madonna's investment to be two times as much as Mark's?

I'm trying to figure out how to do these problems and I can't get the right answers. I would really appreciate any help. 1. Assume that I deposit $1250 today into an account that pays 10% p.a. but with quarterly compounding. How much will be in my account exactly 35 years from today? 2....

A company estimates that it will need $150,000 in 10 years to expand. A bank agrees to pay the company 5% interest compounded annually if the company deposits the entire amount now needed to accumulate $150,000 in 10 years. How much money does the company need to deposit? Answer The company...

So I'm 18 years old from ontario canada, went to sobeys and stole a cat food dish which cost about 5-6 dollars. I got caught and being charged for theft under $5000. This is the first time I got involved with the law or any crminal acts. And now I have to go to court. I don't have a lawyer because...

Interest rate of 13% compounded annually I need to find how much can be lent now if $10000 will be repaid at the end of five years?