answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Eli deposited 1400 at 6.5 percent interest compounded quarterly How much money will he have at the end of 8 years?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If 600 is deposited in a bank that pays 8.45 percent compounded quarterly what is the amount in the account after 10 months?

£765.31


How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?

"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?


150 if invested for three years at a 9 percent interest rate?

$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.


What is the compound interest on 750000 pesos borrowed at 2.50 percent interest per year for 1 year if the interest is compounded quarterly?

Since the annual interest rate is given, the fact that the interest is calculated and compounded quarterly is not relevant. The interest is 750000*2.5/100 = 18750 pesos.


After 6 years what is the total amount of a compound interest investment of 35000 at 4 percent interest compounded quarterly?

$44,440.71


You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?

If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.


What would be the ending balance of a 700 savings account earning 8 percent interest compounded quarterly after 3 years?

8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.


If you deposit 10000 in a bank account that pays 10 percent interest annually how much would be deposited in your account after 5 years?

$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.


What would be the amount of compound interest on 8000 invested for one year at 6 percent compounded quarterly round your answer to the nearest dollar?

$491


What will 10000 be worth in 30 years at 5 percent?

compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812


What is the future value of Rs1.00 invested for 10 years if 12 percent annual rate of interest is compounded quarterly?

1 x (1.03)40 = 3.26


How long does it take to get 40.00 on 8 percent interest with 2.00?

That depends on how the interest works.Is it simple interest ? Is it compound interest ?If compound, then how often is it compounded ?8% simple interest turns $2 into $40 in 237.5 years .8% compound interest, compounded quarterly, does the job in 37.8 years .As you can see, it makes quite a difference.