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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 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 125 invested at 8 percent interest compounded annually be worth after 14 years Round your answer to the nearest cent Do not include units in your answer?
125 x (1.08)^14 = 367.15 If 125 is in cents, then to the nearest cent it is 367 If 125 is in dollars, then to the nearest cent it is as above, namely 367.15
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 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
How much would 125 invested at 8 percent interest compounded annually be worth after 14 years Round your answer to the nearest cent Do not include units in your answer?
125 x (1.08)^14 = 367.15 If 125 is in cents, then to the nearest cent it is 367 If 125 is in dollars, then to the nearest cent it is as above, namely 367.15
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.)
Compounding frequency refers to?
Compounding frequency refers to how often interest is calculated and added to the principal amount in an investment or loan. It can affect the overall growth of the investment or the total interest paid on a loan. Common compounding frequencies include annually, semi-annually, quarterly, monthly, and daily.
