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What is 2000 is compounded quarterly at a rate of 8 percent for 5 years?
Wiki User
∙ 11y ago
The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.
The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.
The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe 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.
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Which loan would cost the borrower less money 2000 at 8 for 3 years or 2000 at 9.5 percent for 2 years How much interest would the borrower save by taking the cheaper loan?
8 percent of 2000 is 160 x 3 = 480 9.5 percent of 2000 is 190 x 2 = 380 100 hundred dollars cheaper.
What is 0.43 percent of 2000?
0.43 percent of 2000 is 8.6.
What is 2000 percent of 2000?
2000 is 100% of 2000.
What is 40 percent of 2000?
40 percent of 2000 is 800.
What is 3 10 percent of 2000 equals?
3/10 percent of 2000 = 6
How much interest will 2000 earn at 5 percent over four years compounded yearly?
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
What is 2000.00 for 4 years compounded daily at 2.25 percent apr?
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
How much would 2000 become in 10 years at 5 percent interest?
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
When was Beltway Poetry Quarterly created?
Beltway Poetry Quarterly was created in 2000.
Calculate the accumulated value of an investment of 2000 at 6 percent compounded annually for 35 years?
To calculate compound interest: final_value = (1 + rate/100)periods x amount So for amount = 2000, at a rate = 6% per year over a period of 35 years you get: final_value = (1 + 6/100)35 x 2000 = 1.0635 x 2000 ~= 15372.17
What is the present value of 2000 discounted back three years if the interest rate is 8 percent compounded monthly?
If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51
If you have 2000 in an account at the start and wish to add 100 to it monthly how much will you have in 40 years if you assume an 8 percent consistent growth rate compounded monthly?
$397,647.60 Hopefully I did it right. If someone could check it and remove this line, then I would appreciate it.
How much will 2000 dollars grow if it is compounded daily for 7 years at 6 percent compounding interest?
If the rate is 6 percent per year, then compounding daily will make no difference. If the rate is 6% per day, then 2000 dollars will be worth approx 1.0042*10^68 dollars. That is approx one hundred million trillion trillion trillion trillion trillion dollars.
Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
How long would it take to double 2000 at 6 percent interest rate compounded annually?
Using the compound interest formula A = P(1 + r/n)^(nt), where A is the final amount, P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, we can solve for t when A = 4000, P = 2000, r = 0.06, and n = 1. Plugging these values in, we get: 4000 = 2000(1 + 0.06/1)^(1t) 2 = (1 + 0.06/1)^(1t) 2 = (1.06)^t Taking the logarithm of both sides, we can solve for t: log 2 = t log 1.06 t = log 2 / log 1.06 Using a calculator, we find that t is approximately 11.90. Therefore, it would take approximately 12 years to double the initial amount of 2000 at a 6 percent interest rate compounded annually.
