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If I deposit 100 into an account that pays 2.4% interest compounded weekly, how much would I have after 3 years?
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Is interest compounded weekly is compounded fifty times a year false?
Yes: a year is not 50 weeks.
If you deposit 10000 on 3 percent interest what would it be weekly?
$5.77
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
Determine the per annum interest rate r required for an investment with continuous compound interest to yield an effective rate of 4.25 percent Express your answer as a percent?
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
What type of compounding would you prefer in your savings account?
The more often it is compounded the better. So daily is the best, next is weekly, monthly etc. The greater the number of compounding periods, the better it is for your bottom line.
What is the APY for 6 percent compounded weekly?
Apyweekly = (1 + 0.06/52)52 - 1 = 0.061800 = 6.18%
Under what circumstances are bi-weekly mortgages arranged?
Lenders target sophisticated, second-and third-time homebuyers for this product. The loan usually is tied to a checking or deposit account from which payments are debited directly
Sam deposited $1250 that accrues 2.7% APR, compounded weekly. If no withdrawals or deposits are made, what will their balance be after 8 years?
6
What is the difference between capitalized interest and accrued interest?
Interest received is the amount in currency that has been realized at the end of the term(on liquidation).Where as, bank will be calculating interest and that will be accrued to your account based on the frequency set, (daily,weekly..) for calculation purpose..
Does the president gets paid once or twice a month?
bi weekly and gets direct deposit...
Do Hardee's employees get paid weekly or bi-weekly?
I just started at Hardee's in Greenville South Carolina it's weekly if you choose direct deposit it's one to two days early.
How do you get weekly gifts on Animal Jam?
To behonest, I have never heard of weekly gifts so I have no idea. And I have had an account for about a year (member).
