It is 20000*(1.07)^60 = 1158928.54
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.
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.
6 ÷ 100 × 20000 = 1200
189.89
ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800
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
$5,249.54
It is approx 77393.69 units of currency.
Total value = 20000*(1.06)2 = 22472 So interest = 2472
0.05% of 20000 = 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.
6 ÷ 100 × 20000 = 1200
5 percent
400000
189.89
18 percent of 20000 is 3600.
42% of 20000= 42% * 20000= 0.42 * 20000= 8,400