2500000.00
4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.
1700 x 1.07^1 = 1819
It will be 726.
275.28
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
year
14.8 percent, compounded daily, is approx 7.565 sextillion for a year (8.684 sextillion for a leap year).
4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.
Since the annual interest rate is given, the fact that the interest is calculated and compounded quarterly is not relevant. The interest is 750000*2.5/100 = 18750 pesos.
Assuming that the interest rate is 9.75% per year, the answer will depend on how often the interest is compounded.
1700 x 1.07^1 = 1819
It will be 726.
If the interest is compounded then you would have 6584.91
275.28
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
Yes: a year is not 50 weeks.
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .