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What amount 1.5 years from now is equivalent to 7000 due in 8 years if money can earn 6 percent compounded semiannually?
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What is the effective rate of 18600 invested for one year at 7 and one half percent compounded semiannually?
The annual equivalent rate is 15.5625%. The amount invested is irrelevant to calculation of the equivalent rate.
A sum of money invested at 4 percent interest compounded semiannually will double in amount in aprproximately how many years?
I haven't gotten the answer to that test question either....the choices seem wrong
What is the effective rate of 18600 invested for one years at 7.5 compounded semiannually round your answer to the nearest hundredth?
The rate is 15.56%. The amount invested is irrelevant in this calculation.
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
If 600 is deposited in a bank that pays 8.45 percent compounded quarterly what is the amount in the account after 10 months?
£765.31
What is the effective rate of 18600 invested for one year at 7 and one half percent compounded semiannually?
The annual equivalent rate is 15.5625%. The amount invested is irrelevant to calculation of the equivalent rate.
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
A sum of money invested at 4 percent interest compounded semiannually will double in amount in aprproximately how many years?
I haven't gotten the answer to that test question either....the choices seem wrong
If you invest 5000 at 1.8 percent for 5 years compounded semiannually what is the amount in the account at the end of 5 years?
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
What is the effective rate of 18600 invested for one years at 7.5 compounded semiannually round your answer to the nearest hundredth?
The rate is 15.56%. The amount invested is irrelevant in this calculation.
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
Future value of 600 for invested for 5 years at 8 percent interest compounded semiannually?
The future value of $600 invested for 5 years at an 8% interest rate compounded semiannually can be calculated using the formula FV = P(1 + r/n)^(nt), where FV is the future value, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years. In this case, P = $600, r = 8% = 0.08, n = 2 (since interest is compounded semiannually), and t = 5. Plugging these values into the formula, we get FV = 600(1 + 0.08/2)^(2*5) = $925.12. Therefore, the future value of the investment after 5 years would be $925.12.
What amount would you have after 10 years by in investing 500 every month and the investment earns 14 percent which is compounded quarterly?
You would have 2,294,862.92.However, 14% each quarter, compounded quarterly, is equivalent to 68.9% annually. You are unlikely to find such a return legitimately.
What initial investment at 7.5 percent compounded semiannually for 3 years will accumulate to 15000?
The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
Is a monthly loss of 10 percent a loss of 120 percent annually?
No. The loss would normally be compounded so it would amount to 71.8%
If 600 is deposited in a bank that pays 8.45 percent compounded quarterly what is the amount in the account after 10 months?
£765.31
