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What is the interest compounded annually when 5000 is invested in an account paying 6.38 percent interest for 10 years?
At the end of the first year, the balance in the account is: 5000(1+.0638). At the end of the second year, the balance in the account is: 5000(1+.0638)(1+.0638). At the end of the third year, the balance in the account is: 5000(1+.0638)(1+.0638)(1+.0638). At the end of the t year, the balance in the account is: 5000(1+.0638)^t. So, at the end of the tenth year, the balance in the account is 5000(1+.0638)^10 = 9,280.47. $5,000 is your principal, and the remaining ($9,280.47 - $5,000) = $4,280.47 is the interest.
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.
Shirley invested a total of 12000 in two certificates of deposit one pays 6 percent interest and the other pays 7 percent interest her total interest at the end of one year is 790 how much is investe?
A+ 5000
What is 1 less than 5000?
It is: 5000-1 = 4999
What is 5000 x 12?
5,000 times 12 is 60,000.
5000 compounded annually at 6 percent for 5 years?
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
What is 5000 compounded annually at 4 percent for 5 years?
Invest at an amount of 200000 at a bank that offers an interest rate of 7,6%p.a Compounded annually for a period of 3 years
Calculate the future value of 5000 compounded annually ay 6 percent for 5 years?
5000 x (1.06)5 = 5000 x 1.338 = 6691.13
If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 18 years?
You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.
If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 30 years?
Using excel FV function all added monies & interest paid @ end of period 5000 invested @ 8% /year for 30 yr no additional monies 50,313.28 with 5000 added end of each year 662,042.62 with 5000/12 added end of each month 679,801.64 with 5000/24 added twice a month 680,679.68
What is 5000 dollars compounded semiannually at 6 percent for 5 years?
5000 x (1.03)10 = $6719.58
What is the interest compounded annually when 5000 is invested in an account paying 6.38 percent interest for 10 years?
At the end of the first year, the balance in the account is: 5000(1+.0638). At the end of the second year, the balance in the account is: 5000(1+.0638)(1+.0638). At the end of the third year, the balance in the account is: 5000(1+.0638)(1+.0638)(1+.0638). At the end of the t year, the balance in the account is: 5000(1+.0638)^t. So, at the end of the tenth year, the balance in the account is 5000(1+.0638)^10 = 9,280.47. $5,000 is your principal, and the remaining ($9,280.47 - $5,000) = $4,280.47 is the interest.
5000 loan at 4 percent annually for six years?
1200
If 5000 is invested at an annual interest rate of 9 percent compounded continuously. How much is available after 7 years?
Principal amount 5,000 Interest rate 9 percent per year = 0.09 Continuous compounding Number of years 7 Future value = P e^rt Future value = (5000) e^(0.09)(7) Amount after 7 years = $9,388.05
John inherited 5000 from his grandfather. He put it in a savings account to buy a car when he turns 16. John is 13 right now. If his savings account earns 7 over the next 3 years how much will be in t?
Compounded annually, that's 6125.22
Show steps to solving 5000 invested for 10 years at 10 compounded annually?
End of year one: 5000 + 10% = 5500 End of year two: 5500 + 10% = 6050 year three: 6050 + 10% = 6655 year four: 6655 + 10% = 7320.50 year 5: 7320.50 + 10% = 8052.55 6: 8052.55 + 10% = 8857.805 7: 8857.805 + 10% = 9743.59 8: 9743.59 + 10% = 10717.94 9: 10717.94 + 10% = 11789.74 10: 11789.74 + 10% = 12968.71
Jeanne's parents want to begin saving money for her college education If they put 5000 in an account with an interest rate of 3.55 compounded annually how much money will Jeanne have after 12 yea?
$62130
