Study guides

☆☆

Q: What is 15000 compounded annually at 4 percent for 15 years?

Write your answer...

Submit

Still have questions?

Continue Learning about Algebra

500 invested for 5 years at 7% interest compounded annually becomes 701.28

10 years

100000 x 1.125

1030*(1.04)2 = 1114.048 and I bet a banker will round it DOWN to 1114.04

8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.

Related questions

1257

$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.

8029.35

$19.22 (rounded)

compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812

500 invested for 5 years at 7% interest compounded annually becomes 701.28

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

Compounded annually: 2552.56 Compounded monthly: 2566.72

It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.

$407.94

It is approx 77393.69 units of currency.

12100

People also asked