Rounded to two decimal places, 1142 x 1.0815 = 3622.62
Don't forget to include the appropriate unit of currency.
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
Compounded, it is 419.22Compounded, it is 419.22Compounded, it is 419.22Compounded, it is 419.22
8029.35
10412.5
[(1.08)^14] times 125 = 367.15
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812
the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?
Compounded, it is 419.22Compounded, it is 419.22Compounded, it is 419.22Compounded, it is 419.22
$10,000 times (1.1)3 = $13,310
8029.35
10412.5
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
[(1.08)^14] times 125 = 367.15
Compounded annually: 2552.56 Compounded monthly: 2566.72
It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.