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Earn +20 ptsQ: What is 6000 compounded annually at 6 percent for 8 years?
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What is 6000 compounded annually at 6 percent for 5 years?
8029.35
How much would need to be invested at 5 percent interest compounded annually for 8 years to accumulate 6000?
$4,061.04
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
What is 3 percent of 6000?
3 percent of 6000 is 180.
What is 29 percent of 6000?
29% of 6000= 29% * 6000= 0.29 * 6000= 1740
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