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How much would 500 invested at 5 percent interest compounded annually be worth after 10 years. round your answer to nearest cent do not include units in your answer?
814.45
How much would 500 invested at 6 percent interest compounded annually be worth after 12 years. Round your answer to the nearest cent Do not include units in your answer?
1006.10
How much would 120 invested at 6 percent interest compounded annually be worth after 21 years?
Plugging the numbers into the compound interest formula, and rounding to two decimal places: 120 x (1 + (6/100))21 = 407.95 Don't forget to include the appropriate currency symbol in your answer.
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years. Round your answer to the nearest cent Do not include units in your answer?
187.32
How much would 500 dollars invested at 7 percent compounded annually be worth after 4 years round your answer to the nearest cent Do not include units in your answer?
value = Amount × (1 + APR/100)^years → value = 500 × (1 + 7/100)^4 = 500 × 1.07^4 ≈ 655.40
How much would 500 invested at 5 percent interest compounded annually be worth after 10 years. round your answer to nearest cent do not include units in your answer?
814.45
How much would 500 invested at 6 percent interest compounded annually be worth after 12 years. Round your answer to the nearest cent Do not include units in your answer?
1006.10
How much would 500 invested at 9 percent compounded annually be worth after 4 years Round your answer to the nearest cent Do not include units in your answer?
705.79
How much would 120 invested at 6 percent interest compounded annually be worth after 21 years?
Plugging the numbers into the compound interest formula, and rounding to two decimal places: 120 x (1 + (6/100))21 = 407.95 Don't forget to include the appropriate currency symbol in your answer.
How much would 500 invested at 4 percent interest compounded monthly be worth after 5 years. round your answer to the nearest cent do not include units in your answer?
610.5
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years. Round your answer to the nearest cent Do not include units in your answer?
187.32
What Compounding frequency?
Compounding frequency refers to how often interest is calculated and added to the principal amount in an investment or loan. Common compounding frequencies include daily, monthly, quarterly, semi-annually, and annually. The more frequently interest is compounded, the higher the overall return or cost will be on the investment or loan.
How much would 500 dollars invested at 7 percent compounded annually be worth after 4 years round your answer to the nearest cent Do not include units in your answer?
value = Amount × (1 + APR/100)^years → value = 500 × (1 + 7/100)^4 = 500 × 1.07^4 ≈ 655.40
How much would 300 invested at 7 interest compounded continuously be worth after 4 years Round your answer to the nearest cent. Do not include units in your answer.?
7% compound interest means that the amount of money increases, every year, by a factor of 1.07. After 4 years, you have 300 x 1.07^4.
120000 invested for 10 years at 4 percent compounded annually?
First include a unit of currency. I will use pounds, but if the answer is in dollars, simply replace the sign at the front of this sum to a dollar sign. The sum you are looking for is: £120000 x 1.0410 Rounded to the nearest penny (or cent, as appropriate), this is equal to £177629.31.
What is principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
How much would 100 invested at 8 percent interest compounded monthly be worth after 6 years Round your answer to the nearest cent Do not include units in your answer?
Unless I miss my guess, this certainly sounds like a test question or a homework assignment to me. If that's true, then it has no place here. This site doesn't do your homework for you. That would be mean and cruel,. since it would steal a chance to learn something from you.
