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What is the value of 70000 dollars compounded annually at 12 percent for 3 years?
Updated: 10/19/2022
Wiki User
∙ 13y agoBest Answer
Future value (compounded) = P * (1 + i)^n
The caret symbol (^) means 'raise to the power of n'
- P is the present value (in this case $70000)
- n is the number of compounding periods (annual for 3 years, n=3)
- i is interest rate per period (12% = 0.12)
FV = $70000 * (1 + 0.12)3 = $70000 * (1.404928) = $98344.96
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∙ 13y agoThis answer is:
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Continue Learning about Math & Arithmetic
What is 2 Percent of 70000 Dollars?
1400. 1% = 700.
What is 25 percent of seventy thousand dollars?
0.25 x 70000 = 17500
What percent is 650 from 70000?
0.929 percent is 650 from 70000.
What is 9 percent of 70000?
9 percent of 70000 is 6300.
What is 29 percent of 70000?
29% of 70,000= 29% * 70000= 0.29 * 70000= 20,300
Related questions
What is 3 percent of 70000 dollars?
3% of 70000 = 3*70000/100 = 2100 dollars
What is 10 percent of 70000 dollars?
$70.00
What is 2 Percent of 70000 Dollars?
1400. 1% = 700.
What is 5 percent of 70000 dollars?
To find 5 percent of a value, multiply the value by 0.05. In this instance, 0.05 x 70000 = $3500.
What is 25 percent of seventy thousand dollars?
0.25 x 70000 = 17500
What is the percent of 70000?
70000%
What percent is 650 from 70000?
0.929 percent is 650 from 70000.
What is 9 percent of 70000?
9 percent of 70000 is 6300.
What is 3 percent of 70000?
21003% of 70000= 3% * 70000= 0.03 * 70000= 2100
What is 2 percent of 70000?
2% of 70000 = 2% * 70000 = 0.02 * 70000 = 1400
WHAT IS 20 percent OFF 70000?
20 percent off 70000 is 14000.
What is 140 percent of 70000?
140% of 70,000= 140% * 70000= 1.4 * 70000= 98,000
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