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Assuming interest compounded annually, at the end of 29 years there will be only 270 in the account so it will not be possible to take 24000 in the 29th year.

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How do you turn a percent into a fraction and decimal?

Change the percentage to a decimal by taking the percent and pitting it behind the decimal and to change it to a fraction put the percent under 100


What percent is 5 percent of 5 percent?

Oh, dude, you're hitting me with the math questions, huh? So, 5 percent of 5 percent is like 0.25 percent. It's like taking a tiny piece of a tiny piece, like trying to find Waldo in a sea of emojis. But hey, math is cool... I guess.


What does it mean you have 8 percent use after taking a FCE test?

0,08


You invest 5000 in a Certificate of Deposit and receive annual interest of 8 percent for 7 years How much interest will investment earn during this period?

Certificates of Deposit (CDs) may allow interest to be paid out annually. Alternatively, the annual interest can be accumulated and compounded until maturity. The choice must be made at the point of taking out the CD.Annual payment of interest: On each anniversary date the annual interest is paid by transferring it to your current account or to a savings account etc of your choice. This means there is no compounding of interest, year on year.Calculation:5000 at 8 percent is 400. You will receive 400 each year, for 7 years, a total of 2,800.Interest compounded and paid at maturity:Statement of end of year values including interest, at end of year:5400.005,832.006,298.566,802.447,346.647,934.378,569.12At the end of year 7 the total payout will be 8,569.12 i.e. 5000 initial deposit + 3,569.12 total interest earned.NOTE: These calculations assume that no tax is deducted at source.For more information, see Related links below


How much is 20 percent off of 800.00?

The total after taking off the percentage is $640.00

Related Questions

If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years?

She will pay $1,924.02 in interest.


Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest if the rate is 4.5 percent and she pays the loan off in 4 years?

She could have to pay $1924.02 in interest.


An initial 500 compounded for 1 year at 6 percent?

Interest earned is computed by taking the principal amount and multiplying it by the rate and time and divided by the time taken. The interest in this case is 30.


If two banks offer risk-free interest rates on both savings and loans but one is 5.5 percent and the other is 6 percent what arbitrage opportunity is available?

Arbitrage OpportunityArbitrage opportunity is any situation in which it is possible to make a profit without taking any risk or making any investment. The arbitrage opportunity that is available is to borrow from the bank with 5.5 percent interest and deposit it in the one with 6 percent interest. And this would happen: While the bank with 5.5 interest would experience a demand for loans, the bank with 6 percent interest would experience a surge in deposits. As a result, the interest rate at the first bank would increase while the interest rate at the second bank would decrease.


What is the highest interest offered for a one year CD above 10000?

I am not sure what the highest interest rate offered would be. I am assuming it would not be more than fifteen percent because if it was, then it would be taking advantage.


How do you get money now and not pay anything back?

Get a job and earn it. You might be able to borrow money but you would have to pay the money back plus interest. Taking money from any source without earning it and not paying it back is called theft and is a criminal act.


Explain why a business firm's economic objectives have something to do with markets?

* Profit Earning * Employment generation * Demand creation * Risk taking * Survivul & Growth * Contribution to regional economy * Profit Earning * Employment generation * Demand creation * Risk taking * Survivul & Growth * Contribution to regional economy


Is series of annuity receipts treated as interest income?

Are you saying you are receiving payments from an annuity? Yes and no. It depends on how you are taking the money out. If you are taking interest only payments than 100% is taxable. If you are taking a combo than a portion is taxable.


Can you hide drugs from a k9?

No, they can smell anyway if you are taking drugs, it would in your best interest to stop taking them.


What is left after you take 20 percent of 6000?

After taking 20 percent of 6000, you are left with 80 percent of the original amount. To calculate this, you would multiply 6000 by 0.80 (which is the decimal equivalent of 80 percent), resulting in 4800. Therefore, after taking 20 percent of 6000, you are left with 4800.


Where to get to blue lake pokewalker?

Where is blue lake in pokewa lker well you have to unlock it by earning money,by taking more steps


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.