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What lump sum will Jim need to deposit now in an account paying 7.25 percent compounded quarterly if he wants to have a balance of 50000 in 15 years?
He should deposit 17017.82
If a Principal of 12000 is invested in an account paying an annual interest rate of 10 percent what is the amount in the account after 6 years if the account is compounded quarterly?
Quarterly compounding means 1/4 of the annual interest rate is paid 4 times a year.In 6 years, you get 2.5 percent 24 times.(1.025)24 = 1.80873 (rounded)Your $12,000 has then grown to (12,000 x 1.80873) = $21,704.71 .Can I send you some money to add to the account for me ?
A couple invests 2800 in an account paying 7 percent compounded quarterly How much is in the account after one year?
The interest is said to be compounded quarterly when compound interest is paid four times a year, and the compounding period is three months. After t years, the balance A, in an account with principal P and rate r (in decimal form) is given by the formula A = P(1 + r/n)nt In our case P = 2,800, r = 7% = 0.07, n = 4, and t = 1 year, so we have: A = P(1 + r/n)nt A = 2,800(1 + 0.07/4)(4)(1) ≈ 3,001.21 The balance after one year is 3,001.21
Can you give me the continuous compound interest formula?
Compound Interest FormulaP = principal amount (the initial amount you borrow or deposit)r = annual rate of interest (as a decimal)t = number of years the amount is deposited or borrowed for.A = amount of money accumulated after n years, including interest.n = number of times the interest is compounded per yearExample:An amount of $1,500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. What is the balance after 6 years?Solution:Using the compound interest formula, we have thatP = 1500, r = 4.3/100 = 0.043, n = 4, t = 6. Therefore, So, the balance after 6 years is approximately $1,938.84.
How long will it take to pay of a 1000.00 credit card debt paying 2 percent at 18 percent interest?
18x1000.00 + when the loan has to paid back by.
What lump sum will Jim need to deposit now in an account paying 7.25 percent compounded quarterly if he wants to have a balance of 50000 in 15 years?
He should deposit 17017.82
Is bank regulation purpose to prevent bank failure?
If you invest $1,000 today in a security paying 8 percent compounded quarterly, how much will the investment be worth seven years from today?
If a Principal of 12000 is invested in an account paying an annual interest rate of 10 percent what is the amount in the account after 6 years if the account is compounded quarterly?
Quarterly compounding means 1/4 of the annual interest rate is paid 4 times a year.In 6 years, you get 2.5 percent 24 times.(1.025)24 = 1.80873 (rounded)Your $12,000 has then grown to (12,000 x 1.80873) = $21,704.71 .Can I send you some money to add to the account for me ?
A couple invests 2800 in an account paying 7 percent compounded quarterly How much is in the account after one year?
The interest is said to be compounded quarterly when compound interest is paid four times a year, and the compounding period is three months. After t years, the balance A, in an account with principal P and rate r (in decimal form) is given by the formula A = P(1 + r/n)nt In our case P = 2,800, r = 7% = 0.07, n = 4, and t = 1 year, so we have: A = P(1 + r/n)nt A = 2,800(1 + 0.07/4)(4)(1) ≈ 3,001.21 The balance after one year is 3,001.21
Where can I find a calculator to see how much compounded interest I will be paying?
http://math.about.com/library/blcompoundinterest.htm is a great and easy website to calculate your compounded interest. It walks you through, step by step.
How much interest does 10000 dollars earn in 4 years in a certicate of deposit paying 9.5 percent interest compounded quarterly?
Using the compound interest formula which states A = P (1 + r/n)nt. We get the following result:10000 ( 1 + .095/4)4(4)10000 (1 + 0.02375) 1610000 (1.02375) 1610000 (1.45580)$14558Therefore you earn approximately $4558.00 on a CD yielding a 9.5% interest rate for 4 years.
Can you get out of paying the pmi payment with out paying the full 20 percent?
No.
If you were paying 40 dollars on your bill and now Ill be paying 30 how much percent are you saving?
If you're paying my bill, I'll save 100 percent. 30 is 25% less than 40
Are 941 quarterly payment a requirement?
No, however for accounting purposes by paying quarterly saves you from one lump some payment at the beginning of each year; this payment cannot be a part of your business tax extension and is due by March 14 of the current year for business.
Will Ford pay dividends in 2012?
Yes. Ford is trying to resume paying quarterly dividends. First one should be in March 1 2012.
What percent of men or women hold better paying jobs?
What do you mean by... "better paying jobs"?
Does it cost anything to have a forum on Delphi?
Hosting of forum on Delphi costs 4.95 a month if you pay quarterly. Singing up for an annual plan results in the user paying 49.50 a year which is cheaper than paying 4.95 a month in hindsight.
