Q: What is the balance on 2500 deposit at 6 percent compounded annually for 3 years?

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9.5% semi-annually = 19.9025% annually.After 10 years 1200*(1.199025)^10 = 7369.93

Only if the 1% per month is compounded annually and not monthly.

He should deposit 17017.82

8029.35

If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450

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9.5% semi-annually = 19.9025% annually.After 10 years 1200*(1.199025)^10 = 7369.93

Only if the 1% per month is compounded annually and not monthly.

8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.

He should deposit 17017.82

$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter

year

compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812

8029.35

$19.22 (rounded)

If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450

500 invested for 5 years at 7% interest compounded annually becomes 701.28

Compounded annually: 2552.56 Compounded monthly: 2566.72