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How much would savings of 1550 at an annual interest rate of 2 percent be worth in 11 years?
Wiki User
∙ 7y ago
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
Wiki User
∙ 7y ago
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What would be the ending balance of a 1290 savings account earning 12 percent interest compounded monthly after 1 year?
12 percent, compounded monthly is the equivalent of an annual rate of approx 390%. At that rate, 1290 would be worth 5025.81 (approx).
How much would 125 invested at 8 percent annual interest compounded continuously be worth after 16 years?
It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67
How much will an investment of 100 become at 8 percent interest compounded monthly over 5 years?
If the interest rate is the annual equivalent rate then the frequency of compounding is irrelevant.In that case, it would be 146.93In the unlikely even that the interest rate is 8% per month, equivalent to approx 152% annual, it would be worth 10125.71
How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
What will 85000 dollars be worth in 20 years at 5 percent interest?
225,530.30
Where can I find a savings account calculator?
You can calculate the value of savings in an account by multiplying your savings by the annual interest rate eg savings of 500 with 1% interest are worth (500 x 0.01) + 500 = 505.
What would be the ending balance of a 1290 savings account earning 12 percent interest compounded monthly after 1 year?
12 percent, compounded monthly is the equivalent of an annual rate of approx 390%. At that rate, 1290 would be worth 5025.81 (approx).
How much would 125 invested at 8 percent annual interest compounded continuously be worth after 16 years?
It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67
How much will an investment of 100 become at 8 percent interest compounded monthly over 5 years?
If the interest rate is the annual equivalent rate then the frequency of compounding is irrelevant.In that case, it would be 146.93In the unlikely even that the interest rate is 8% per month, equivalent to approx 152% annual, it would be worth 10125.71
What is the worth of 14100 in 7 years WITH 5 percent interest?
19035 by simple interest
How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
You own a car worth 821245 savings bonds that have a total worth of 1071060 and a home that is worth 4590000 You also owe 537543 percent?
59447.62
Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or when it is 10 percent?
10 percent.
What will 85000 dollars be worth in 20 years at 5 percent interest?
225,530.30
What is a First Savings credit card?
A First Savings credit card is a credit card that you can get if you have really bad credit. However, the interest rate is almost 30% so it isn't worth it.
What is 7 percent of 300 dollars compounded quarterly at annual interest rate?
7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
