Kate invested 4500.
Your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has $13,000 to invest, how much will she have at the end of four years?
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
6000=5% 8000=other CD
That completely depends on what rate of interest you can expect your investment to earn, and how often you can expect the investment interest to be compounded. The assumed rate of interest has more effect on the final value than even the annual payment has, yet the question ignores it completely.
Interest on 650 @ 4.9% = 650*4.9/100 = 31.85 Interest on 500 @ 5.0% = 500*5.0/100 = 25.00 So the 650 at 4.9% is clearly better.
You will have $11576.25
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
1050*5/100
balls
2,500
The Stock market is a classic choice for investment. You can also invest in Belaris Bank, there is no risk of losing it and has an annual 13 percent interest rate!
Your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has $13,000 to invest, how much will she have at the end of four years?
Compound interest, no tax, annual interest rates? If so - Sum after the first 5 years - (1000 x (1.15)) Sum after the next 12 years - (proceeds from the 5 year investment x (1.1512))
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
Seven percent.
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
6.85