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To calculate the future value of $20,000 in 20 years with a 7% interest rate compounded semiannually, you can use the formula for compound interest:
[ A = P \left(1 + \frac{r}{n}\right)^{nt} ]
Where:
- ( A ) is the amount of money accumulated after n years, including interest.
- ( P ) is the principal amount ($20,000).
- ( r ) is the annual interest rate (0.07).
- ( n ) is the number of times interest is compounded per year (2 for semiannual).
- ( t ) is the number of years the money is invested (20).
Plugging in the values:
[ A = 20000 \left(1 + \frac{0.07}{2}\right)^{2 \times 20} ]
Calculating this gives approximately $76,124.74.
What else can I help you with?
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
How much interest is earned for the investment 20000 for 2 years at 5 compounded annually?
To calculate the interest earned on an investment of $20,000 compounded annually at a rate of 5% for 2 years, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount, ( r ) is the annual interest rate, and ( n ) is the number of years. Plugging in the values: ( A = 20000(1 + 0.05)^2 = 20000(1.1025) = 22050 ). The interest earned is ( A - P = 22050 - 20000 = 2050 ). Thus, the interest earned over 2 years is $2,050.
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
What is 20000 in 5 years with 7 percent interest compounded semiannually?
After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
How much interest would i have if its .05 percent of 20000?
0.05% of 20000 = 10
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
An annuity pays out 20000 per yer in perpetuity if the intereset rate is 5 percent compounded annually find the presenet value of the whole annuity?
400000
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
What is 18 percent of 20000?
18 percent of 20000 is 3600.
