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20 YEARS
$4.63
100 x (1.05)4 = $121.55
Approx 69.661 years if the interest is compounded. 100 years otherwise.
400*(1.06)25 = 1716.75
over $700,000
It will be 160.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
It will take 18 years.
10 years. Compound interest would take 7 years.
20 YEARS
30 years
if its simple interest: I = prt = 240 the total money to be returned is 2240
Nine years at 8%
$4.63
100 x (1.05)4 = $121.55
$120,000