Emily is trying to decide between investing $1,000 or $1,500…

Emily is trying to decide between investing $1,000 or $1,500 at the beginning of each year for the next 40 years into a retirement account yielding 10.78%. After 40 years, how much extra money will Emily have in her IRA if she invests $1,500 annually instead of $1,000 annually?

You are kind of weird with numbers. You like the number ‘4’….

You are kind of weird with numbers. You like the number ‘4’. You invest $4,444 as a lump sum into a savings account which has quarterly compounding.  The interest rate is 4 percent per year.  After 4 years, how much money will you have in the account?

What type of savings account is a very safe time deposit for…

What type of savings account is a very safe time deposit for a specified period of time (generally 3 months to 5 years), has a guaranteed rate of return, generally has a higher interest rate the longer the time period, and has an interest penalty if you withdraw early?