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If you plan a trip to Europe in 2 years how much money will you need to invest at 3 percent interest rate compounded annually to have 2000 in 2 years use?
Wiki User
∙ 13y ago
Also, I have to use the following formula:
Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
Wiki User
∙ 13y ago
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What is the statistics of Europe?
what are the statistics in europe of drug administration
What is weight measured in Europe?
In Europe, weight is measured in Kilograms.
How many school days are there per year in Europe?
How many school are in europe
What is the widely practiced religion in Europe?
Christianity followed by Islam are the widely practiced religions in Europe.
Is the word Europe mentioned in the Bible?
The word 'Europe' is not mentioned in the major English translations of the bible.
How many people immigrate from Asia to Europe?
Millions of people have immigrated from Asia to Europe over history. Annually, a good guesstimate would be around 250,000 Asians migrating to Europe annually.
How much principal to the nearest dollar should you invest at 4 percent in order to have 3000 for a vacation to Europe in 3 years?
It's going to make a difference whether that 4 percent is compounded morethan once a year.We'll do the calculation assuming it's compounded only once a year, and if itturns out to be compounded more often than that, then the calculation willcome out on the low side, and you'll wind up with a little bit more than $3,000.P times (1.04)3 = $3,000P = 3,000/(1.04)3 = $2,666.980769 or $2,667
Suppose interest rates on treasury bonds rose from 5 to 9 percent as a result of higher interest rates in Europe what effect would this have on the price of an average company's common stock?
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How many people are killed by guns in Europe annually?
3000
When is Europe's birthday?
May 9th is the day the European Union was formed, and is celebrated annually as Europe's birthday.
Was Oliver Colbentson ever the concertmaster of the Metropolitan Opera Orchestra in New York City?
From age 26 to 30 he was Concertmaster of the Metropolitan Opera Orchestra, also traveling annually on concert tours of Europe. The link below will be of interest to you.
Which country is now Western Europe's poorest country?
By GDP, San Marino is Europe's poorest country, producing only US$2,046,000,000 annually. By GDP per capita, Moldova is Europe's poorest country, in which its citizens earn only US$2,000 annually.
What interest facts about plants and animals in Europe?
unanswerable
What is the most popular country in Europe?
France is the most popular country in Europe with about 80,000,000 tourists annually. France is also the most popular country in the world.
What percent of Europe is Christian?
approximately 98%
What percent of Europe is urban?
almost 80%
What percent of Europe died of the bubonic plague?
1/3 of people died in Europe.
