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How much would 500 dollars invested at 7 percent compounded annually be worth after 4 years round your answer to the nearest cent Do not include units in your answer?
Wiki User
∙ 8y ago
value = Amount × (1 + APR/100)^years
→ value = 500 × (1 + 7/100)^4 = 500 × 1.07^4 ≈ 655.40
Wiki User
∙ 8y ago
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How much would 500 invested at 5 percent interest compounded annually be worth after 10 years. round your answer to nearest cent do not include units in your answer?
814.45
How much would 500 invested at 6 percent interest compounded annually be worth after 12 years. Round your answer to the nearest cent Do not include units in your answer?
1006.10
How much would 125 invested at 8 percent interest compounded annually be worth after 14 years Round your answer to the nearest cent Do not include units in your answer?
125 x (1.08)^14 = 367.15 If 125 is in cents, then to the nearest cent it is 367 If 125 is in dollars, then to the nearest cent it is as above, namely 367.15
How much would 120 invested at 6 percent interest compounded annually be worth after 21 years?
Plugging the numbers into the compound interest formula, and rounding to two decimal places: 120 x (1 + (6/100))21 = 407.95 Don't forget to include the appropriate currency symbol in your answer.
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years. Round your answer to the nearest cent Do not include units in your answer?
187.32
How much would 500 invested at 9 percent compounded annually be worth after 4 years Round your answer to the nearest cent Do not include units in your answer?
705.79
How much would 500 invested at 5 percent interest compounded annually be worth after 10 years. round your answer to nearest cent do not include units in your answer?
814.45
How much would 500 invested at 6 percent interest compounded annually be worth after 12 years. Round your answer to the nearest cent Do not include units in your answer?
1006.10
How much would 125 invested at 8 percent interest compounded annually be worth after 14 years Round your answer to the nearest cent Do not include units in your answer?
125 x (1.08)^14 = 367.15 If 125 is in cents, then to the nearest cent it is 367 If 125 is in dollars, then to the nearest cent it is as above, namely 367.15
120000 invested for 10 years at 4 percent compounded annually?
First include a unit of currency. I will use pounds, but if the answer is in dollars, simply replace the sign at the front of this sum to a dollar sign. The sum you are looking for is: £120000 x 1.0410 Rounded to the nearest penny (or cent, as appropriate), this is equal to £177629.31.
How much would 120 invested at 6 percent interest compounded annually be worth after 21 years?
Plugging the numbers into the compound interest formula, and rounding to two decimal places: 120 x (1 + (6/100))21 = 407.95 Don't forget to include the appropriate currency symbol in your answer.
How much would 500 invested at 4 percent interest compounded monthly be worth after 5 years. round your answer to the nearest cent do not include units in your answer?
610.5
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years. Round your answer to the nearest cent Do not include units in your answer?
187.32
Can I find out how much the makeup artist salary is for someone who works in Hollywood?
An established makeup artist can make upwards of 45,000 annually with a ceiling around 75,000 dollars annually. Makeup artists also usually have a very nice benefits package that can include health insurance, and paid vacations.
How much would 300 invested at 7 interest compounded continuously be worth after 4 years Round your answer to the nearest cent. Do not include units in your answer.?
7% compound interest means that the amount of money increases, every year, by a factor of 1.07. After 4 years, you have 300 x 1.07^4.
How much would 100 invested at 8 percent interest compounded monthly be worth after 6 years Round your answer to the nearest cent Do not include units in your answer?
Unless I miss my guess, this certainly sounds like a test question or a homework assignment to me. If that's true, then it has no place here. This site doesn't do your homework for you. That would be mean and cruel,. since it would steal a chance to learn something from you.
How many years will it take for an initial investment of 25000 to grow to 80000 at a rate of interest of 7 percent compounded continously?
"Continuously" is exactly how this question arrives on WikiAnswers. Someone has distributed an exam or a homework assignment with a poorly written question on it, and a lot of people are coming here to get the answer. WikiAnswers is not here to answer exam or homework questions. But the best response to this one isn't a numerical 'answer'. It's this: There's no such thing as "compounded continously", even if the spelling were corrected. The compounding interval must be specified, no matter how short it may be. Popular compounding intervals include: Annually, semi-annually, quarterly, monthly, weekly, or daily. Technically, it could even be hourly, or minutely, but it has to be specified. Compounding is a discrete process, and can never proceed "continuously".
