d 2.5 years
1200
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
6 ÷ 100 × 20000 = 1200
1200
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
1200 invested at 5%, at the end of the year will be worth 1200*1.05 = 1260. If this is done yearly, for 45 years, it will be 45*1260 = 56700.
5.5% of 1200 is 66 2 x 66 = 132
6 ÷ 100 × 20000 = 1200
If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.
2400*12.5/100*4 = 1200
1862
12.5 percent of 1200 is 150.
75 percent of 1200 is 900.