answersLogoWhite

0


Best Answer

189.89

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much should be deposited today in an account that earns 6 compounded semiannually so that it will accumulate to 10000 in 3 years using present value?

6% compounded annually is equivalent to an annual rate of 12.36%. To increase, at 12.36% annually for 3 years, to 10000, the initial deposit must be 7049.61


June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?

13468.02


How much money should be deposited today in an account that earns 9.5 compounded monthly so that it will accumulate to 10000 in three yeatrs?

The amount required is 7641.49


What does compounded annually mean?

At the end of the year the interest is deposited in the account. The next year the interest is figured on the principal plus last year's interest.


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.


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.


Roxanne deposited 300 into a savings account earning 5 annually What is her balance after 1 year?

Roxanne deposited $300 into a savings account earning 5¼% annually. What is her balance after 1 year


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


A principal of 700 is invested in an account at 6 per year compounded annually What is the total amount of money in the account after 5 years?

There is 936.76


Do you get any interest on the sum saved in provident fund account?

Yes. Currently it is 8.6% per annum compounded annually


How much interest should the account earn per year if you opened a bank account and deposited 500.00 and it earns 6 percent annually?

30.00


If a Bank account has a nominal annual rate of 7.23 percent compounded annually how many years will it take to double your money?

10 years