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What is 2000 is compounded quarterly at a rate of 8 percent for 5 years?
The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?
How much money will 500 dollars accumulate over 20 years at 5 percent interest?
That depends on whether you are getting 5% simple interest, or compound interest, and how often it is compounded. Simple interest is very easy to calculate; you just multiply. $500 at 5% earns 5% of $500 every year, which is $25, so in 20 years the interest earned is 20 x $25 or $500, for a total of $1,000. But if you put the money in a savings account in a bank, you get compound interest. It can be compounded annually, semi-annually, quarterly, monthly, or daily. The more often it is compounded, the more you earn. Nowadays you can get daily interest, but that is kind of complicated because it depends on whether you figure the interest for every single day, 365 days a year and 366 in a leap year, or the traditional banking custom of 360 days a year. For example, if you compound annually, every year your balance is multiplied by 1.05, so after 20 years you would have 500 x 1.0520, which is $1.326.65 to the nearest cent.
What does 'GCA exports' mean in regards to a 'Quarterly Performance Report'?
GCA Exports
What part of speech is quarterly?
Quarterly is an adjective (quarterly bills) and an adverb (paid quarterly).
When did The Quarterly end?
The Quarterly ended in 1995.
When was The Quarterly created?
The Quarterly was created in 1987.
What is the plural of quarterly?
The plural form of quarterly is quarterlies.
Quarterly months starting in October?
Quarterly months are:OctoberJanuaryAprilJuly
When was Light Quarterly created?
Light Quarterly was created in 1992.
When was Critical Quarterly created?
Critical Quarterly was created in 1958.
When was The Cambridge Quarterly created?
The Cambridge Quarterly was created in 1966.
When was Evangelical Quarterly created?
Evangelical Quarterly was created in 1929.
When was Philological Quarterly created?
Philological Quarterly was created in 1922.
When was Psychiatric Quarterly created?
Psychiatric Quarterly was created in 1927.
