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Earn +20 ptsQ: What is 500 compounded for 2 years at 6 percent?
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How much would 400 invested at 7 percent interest compounded continuously be worth after 2 years?
It will be worth 457.96
What is 0.4 percent of 500?
0.4 percent of 500 is 2.
Find the future value of 5200 at 7 34 percent compounded quarterly for 7 12 years Ignore leap years?
7-3/4 percent compounded quarterly = 1.9375 percent paid each period. 7-1/2 years = 30 periods The future value of $1 = (1.019375)30 = $1.77836 (rounded) The future value of $5,200 = (5,200 x 1.77836) = $9,247.46
How much time will a 500 investment need to earn 100 in interest at a rate of 10 percent per year?
2 years. 10% of 500 is 50.
Matthew invests 1000 at 8 percent compounded annually for 2 years Find the compound interest?
Total after 2 years = 1000*(1.08)2 = 1000*1.1664 =1166.40 So interest = Total - Inirial capital = 1166.40 -1000 = 166.40
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