- what is accounting
1) If Quahog's population increased from 3192 residents in 2000 to 3632 in 2010, what was the town’s average annual compound growth rate over that 10-year period?
2) Jimmy opened a savings account with a deposit of $120. If the account earns interest at 5.25%
compounded quarterly, how many years will it take for his balance to reach $270?
3) Matt's parents set up a savings account for him the day he was born and deposited $1000. They plan to deposit $150 into the account at the end of each month, up to including his 17th birthday. If the account earns interest at 4.5% compounded monthly, how much will be in Matt's account when he turns 17 ?
Additional Details Thank you! are you able to show me how to do it all out by hand? As appreciated as this all is I can not learn how to do it with just the answers!
2) Jimmy opened a savings account with a deposit of $120. If the account earns interest at 5.25%
compounded quarterly, how many years will it take for his balance to reach $270?
3) Matt's parents set up a savings account for him the day he was born and deposited $1000. They plan to deposit $150 into the account at the end of each month, up to including his 17th birthday. If the account earns interest at 4.5% compounded monthly, how much will be in Matt's account when he turns 17 ?
Finance problem (investments)?
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