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£374.51
814.45
187.32
1006.10
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
£374.51
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
With compound interest - the balance after 7 years would be 26336.18
332.01
$491
610.5
814.45
187.32
1006.10
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
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.
At 4% annual interest compounded monthly, it's 96 periods of 1/3% each.300 x (1.00333...)96 = 412.92 (rounded)