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Eli deposited 1400 at 6.5 percent interest compounded quarterly How much money will he have at the end of 8 years?
To calculate the future value of Eli's deposit, we 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, ( P ) is the principal amount (1400), ( r ) is the annual interest rate (0.065), ( n ) is the number of times interest is compounded per year (4), and ( t ) is the number of years the money is invested (8). Plugging in the values, we get: [ A = 1400 \left(1 + \frac{0.065}{4}\right)^{4 \times 8} \approx 1400 \left(1.01625\right)^{32} \approx 1400 \times 1.7468 \approx 2445.52 ] Therefore, Eli will have approximately $2,445.52 at the end of 8 years.
What is 21 percent of 1400?
21 percent of 1400 is 21/100 x 1400 = 294
What is the answer of 1400 percent?
14
What is 29 percent of 1400?
29% of 1400= 29% * 1400= 0.29 * 1400= 406
What is 35 percent of 1400?
35% of 1400 = 1400*35/100 = 490
Eli deposited 1400 at 6.5 percent interest compounded quarterly How much money will he have at the end of 8 years?
To calculate the future value of Eli's deposit, we 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, ( P ) is the principal amount (1400), ( r ) is the annual interest rate (0.065), ( n ) is the number of times interest is compounded per year (4), and ( t ) is the number of years the money is invested (8). Plugging in the values, we get: [ A = 1400 \left(1 + \frac{0.065}{4}\right)^{4 \times 8} \approx 1400 \left(1.01625\right)^{32} \approx 1400 \times 1.7468 \approx 2445.52 ] Therefore, Eli will have approximately $2,445.52 at the end of 8 years.
Is 1400 80 percent?
80 percent of 1400 = 1120 80% of 1400 = 80% * 1400 = 80%/100% * 1400 = 1120
How do you calculate 1400 from 28 percent?
28 percent of 1400 is 392 1400 - 392 = 1008
What is 21 percent of 1400?
21 percent of 1400 is 21/100 x 1400 = 294
What is 1400 percent as a fraction?
1400 percent as a fraction = 14/1= 1400%/100%= 14/1 in fraction
What is the answer of 1400 percent?
14
What is 30 percent of 1400?
30% of 1400= 30% * 1400= 0.3 * 1400= 420420
What is 29 percent of 1400?
29% of 1400= 29% * 1400= 0.29 * 1400= 406
What is sixteen percent of 1400?
16% of 1400 = 16% * 1400 = 0.16 * 1400 = 224
What is 8 percent of 1400?
8% of 1400 = 112
Two fifths percent of 1400 is?
If you meant "two fifths of 1400" then 560otherwise if you meant "two fifths of a percent of 1400" then 5.6
What is 35 percent of 1400?
35% of 1400 = 1400*35/100 = 490
