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Earn +20 ptsQ: What is 15000 compounded annually at 4 percent for 15 years?
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How much would 500 invested at 7 percent compounded annually be worth after 5 years?
500 invested for 5 years at 7% interest compounded annually becomes 701.28
If a Bank account has a nominal annual rate of 7.23 percent compounded annually how many years will it take to double your money?
10 years
How much an investor would collect after 25 years if 100000 is deposited and is compounded annually at 10 percent?
100000 x 1.125
What would be the ending balance of a 700 savings account earning 8 percent interest compounded quarterly after 3 years?
8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.
What is 1030 at 4 percent compounded annually for 2 years?
1030*(1.04)2 = 1114.048 and I bet a banker will round it DOWN to 1114.04
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