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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?
Wiki User
∙ 6y ago
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
Wiki User
∙ 6y ago
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Find the final amount for the investment 750 at 10 percent interest compounded quarterly for 10 years?
750 invested for 10 years at 10% pa would be 1,945
Olivers grandfather invested 150 at 5 percent interest compounded quarterly When Oliver inherited it the amount was 6000 For how many years had the 150 been invested?
74 or 75 years
How much would 900 invested at 6 percent interest compounded continuously be worth after 4 years?
At 6% interest, the total amount of money increases by a factor of 1.06 (100% + 6%) every year, so to get the amount after 4 years, you calculate 900 x 1.064.
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
What is the ratio amount of change divided by original amount expressed as a percent?
percent change
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
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.
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 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.
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
June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?
13468.02
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.
Matt places 1200 in an investment account earning an annual rate of 6.5 percent compounded continuously Determine the amount of money that Matt will have in account after 10 years?
Matt will have $2,298.65.
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.
Increasing the number of times an investment is compounded in a year does not affect the dollar amount in the account?
False
Decreasing the number of times an investment is compounded in a year does not affect the dollar amount in the account?
False
A principal of 700 is invested in an account at 6 per year compounded annually What is the total amount of money in the account after 5 years?
There is 936.76
