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Earn +20 ptsQ: What is compound 100.00 quarterly for 20 years at 8 percent?
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R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
Determine the future value of an annuity into which quarterly deposits of 450 are made for 9 years if the annuity pays 10 percent compounded quarterly?
138645
1400 for 6 years at 16 percent compounded quarterly?
1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!
How much will you save after ten years if you save two thousand dollars and the bank offers a quarterly of 2.75 percent?
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
What is 5000 compounded quarterly at 6 percent for 5 and a half years?
It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
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