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Save 250 a year for 20 years how much would be earn at an interest rate of 9 percent?
Wiki User
∙ 14y ago
$450.
Wiki User
∙ 14y ago
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How much do you need to save a year for 20 years to equal 100000?
To save 100,000 without interest over 20 years, you would have to save 100,000 ÷ 20 = 5,000 each year.
How much will you save after ten years if you save two thousand dollars and the bank offers a quarterly of 2.75 percent?
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
How many months would it take to save 10300 at 4.2 percent compounded monthly with 110 monthly deposits?
Assuming the annual equivalent interest rate is 4.2%, it will take just over 81 months = 6 years + 9 months.
Do you have to have a Last Will and Testament notorized?
It would be in your best interest if it was. Reason being there is no way to prove your signature after you have departed this life. Save your family the grief and unnecessary running around after you are gone - it will only take 5 minutes of your time now and save your family months or years later on.
How can you save one hundred thousand dollars in five years?
384 per week. This works out to $19968 in one year and $99840 in 5 years. This calculation is without any interest. If you deposit the money in any bank, then the final amount you realize at the end of 5 years would be much much higher.
If you save 3000 at an interest rate of 14 percent per year how much will you have at the end of six years?
If the interest is compounded then you would have 6584.91
What would be the mortgage payment on 86000?
That depends on the interest rate and length of the loan, but to give you an idea, 86,000 at 5% for 30 years would be $461.67. That would be principal and interest. If you went with 15 years it would be $680.08, but it would save you about $54,000 in interest.
Which loan would cost the borrower less money 2000 at 8 for 3 years or 2000 at 9.5 percent for 2 years How much interest would the borrower save by taking the cheaper loan?
8 percent of 2000 is 160 x 3 = 480 9.5 percent of 2000 is 190 x 2 = 380 100 hundred dollars cheaper.
How much do you need to save a year for 20 years to equal 100000?
To save 100,000 without interest over 20 years, you would have to save 100,000 ÷ 20 = 5,000 each year.
How much will you save after ten years if you save two thousand dollars and the bank offers a quarterly of 2.75 percent?
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
How much interest would you earn if you save 4000 at 5 percent annual interest for 3 years?
You could probably do this easier but this is how I would do it. .05*4000 = 200+4000 = 4200*.05 = 210+4200 = 4410*.05 = 220.5+4410 = 4630.5 So you will end up with $4,630.50 your welcome
If you save 4500 at an interest rate of 13 percent how much will you have at the end of seven years?
4500 + (45 x 13 x 7) = 8595 simple interest. 4500 x (1.13)7 = 10586 annual compound interest
Sara's grandmother gave her 3000.00 to save for college She put it in a savings account that earns 6 percent per year The money was in the account for 8 years How much simple interest did she earn?
Amount Deposited: $3000 Rate of Interest: 6% No. of Years: 8 Formula for Simple Interest = 3000 * 6 * 8 / 100 The simple interest she will earn in 8 years is $1440
How many months would it take to save 10300 at 4.2 percent compounded monthly with 110 monthly deposits?
Assuming the annual equivalent interest rate is 4.2%, it will take just over 81 months = 6 years + 9 months.
Why would you use a compounding interest calculator?
You would use a compounding interest calculator in order to determine how quickly a certain amount of money will grow due to compounding interest. It is useful for determining how much to save and invest over several years.
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
What is the average interest rate on rent to own furniture?
Rent to own interest rates can be very high. Some have even gone up to over 300 percent. My suggestion would be to either save up or put it on a credit card.
