Total = 1000(1+0.06)4 = 1262.48
556.34
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
655.40
187.32
556.34
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
556.34
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
523.97
635.61
635.24
313.37
280.51
661.56
1095.91
267.65