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How many months would it take to save 10300 at 4.2 percent compounded monthly with 110 monthly deposits?
Wiki User
∙ 11y ago
Assuming the annual equivalent interest rate is 4.2%, it will take just over 81 months = 6 years + 9 months.
Wiki User
∙ 8y ago
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Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
How much would 200000 invested at 5 percent interest compounded monthly be?
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.
How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?
1200
How much will 20k earn in 5 yrs if invested at 10 percent compounded semiannually?
If every six months the capital earn 10% interest which is compounded, at the end of 5 years, the interest will be 31875. If the annual interest rate is 10%, it makes no difference how often it is compounded. The six monthly interest rate is adjusted - to 4.88% rather than 5% - so that the total interest for a year is 10%.
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
Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
How much would 200000 invested at 5 percent interest compounded monthly be?
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.
What is the present value of 2000 discounted back three years if the interest rate is 8 percent compounded monthly?
If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51
How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?
1200
How much will 20k earn in 5 yrs if invested at 10 percent compounded semiannually?
If every six months the capital earn 10% interest which is compounded, at the end of 5 years, the interest will be 31875. If the annual interest rate is 10%, it makes no difference how often it is compounded. The six monthly interest rate is adjusted - to 4.88% rather than 5% - so that the total interest for a year is 10%.
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
What is the monthly payment for a 21000 at 11 percent for 36 months?
$687.51/month
What is monthly payment for 20 thousand for 48 months at 8.4243 percent?
$492.25
If you invest 750 every six months at 8 percent compounded semi annually how much at the end of ten years?
$22334
Gretchen just got a new credit card that offers an introductory APR of 4.8 for the first 4 months and a standard APR of 15.6 thereafter. If interest is compounded monthly what is the periodic interest?
The monthly rate is 1.22%, approx.
What is the monthly payment on a 14847.00 loan with a 5.48 percent APR?
$344.25 over 48 months. $282.55 over 60 months.
Does compounding quarterly earn you more than compounding monthly?
Monthly compounding earns more then quarterly. For example if your told your account earns 6% compounded monthly, then after 12 months you should earn 6.17% . If your account compounds quarterly, then after four quarters you should earn 6.14% .
