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How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
How much must you invest at one time in order to accumulate 20000 in 15 years at 5 percent annual interest?
It depends on how quickly / frequently the account compounds interestThe general equation for interest is this:A = P(1 + r/n)^(nt)Where A is the amount you will have at the end, P is how much you put in to begin with, r is the annual interest rate as a decimal. Also, n is the number of compounds per year and t is the number of yearsYou have given an A = 20,000You have given a t = 15 yearsYou have given an r = 0.05 (or 5%) aprYou want to find P, but you havent given me an n yetI will assume n=4. I make that assumption because that is very common. Most accounts compound four times a year. They call that "quarterly". Its a fair assumption. But if you want to be conservative try n=1, which is called "annually" and the account is compounded only once a year.Given the equation:A = P(1 + r/n)^(nt)Plug in what we know.20000 = P(1 + 0.05/4)^(4*15)20000 = P(1.0125)^(60)20000 / (1.0125)^(60) = PI get P = 9,491.35205, approximately.You will want to invest 9,491.36
What is 1 percent of 20000?
1% 0f 20,000? (1/100)(20,000) = 200 or 0.01 x 20,000 = 200
What is the standard form for 80000000 7000000 600000 20000 400 30 2?
876200432
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
What is 20000 in 20 years with 7 percent interest compounded semiannually?
To calculate the future value of $20,000 in 20 years with a 7% interest rate compounded semiannually, you can use the formula for compound interest: [ A = P \left(1 + \frac{r}{n}\right)^{nt} ] Where: ( A ) is the amount of money accumulated after n years, including interest. ( P ) is the principal amount ($20,000). ( r ) is the annual interest rate (0.07). ( n ) is the number of times interest is compounded per year (2 for semiannual). ( t ) is the number of years the money is invested (20). Plugging in the values: [ A = 20000 \left(1 + \frac{0.07}{2}\right)^{2 \times 20} ] Calculating this gives approximately $76,124.74.
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
How much interest would i have if its .05 percent of 20000?
0.05% of 20000 = 10
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
How much interest is earned for the investment 20000 for 2 years at 5 compounded annually?
To calculate the interest earned on an investment of $20,000 compounded annually at a rate of 5% for 2 years, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount, ( r ) is the annual interest rate, and ( n ) is the number of years. Plugging in the values: ( A = 20000(1 + 0.05)^2 = 20000(1.1025) = 22050 ). The interest earned is ( A - P = 22050 - 20000 = 2050 ). Thus, the interest earned over 2 years is $2,050.
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
An annuity pays out 20000 per yer in perpetuity if the intereset rate is 5 percent compounded annually find the presenet value of the whole annuity?
400000
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
