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What is the interest rate of 13.75 percent compounded monthly is equivalent to a daily compounded interest rate?
14.651
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
What is better to have your interest compounded annually quarterly or daily?
Compounding interest more frequently results in a higher effective return on your investment. Therefore, daily compounding is better than quarterly or annually, as it allows interest to be calculated and added to the principal more often, leading to increased growth over time. The more frequently interest is compounded, the more interest will be earned on interest, maximizing your overall returns.
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
What is the interest rate of 13.75 percent compounded monthly is equivalent to a daily compounded interest rate?
14.651
What is APR of 14.8 percent interest compounded daily?
14.8 percent, compounded daily, is approx 7.565 sextillion for a year (8.684 sextillion for a leap year).
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
If you deposit 10000 in a bank account that pays 10 percent interest annually how much would be deposited in your account after 5 years?
$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
What is 446 4 interest compounded daily for 176 days?
$454.69 for $8.69 of cumulative interest over 176 days.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What is better to have your interest compounded annually quarterly or daily?
Compounding interest more frequently results in a higher effective return on your investment. Therefore, daily compounding is better than quarterly or annually, as it allows interest to be calculated and added to the principal more often, leading to increased growth over time. The more frequently interest is compounded, the more interest will be earned on interest, maximizing your overall returns.
What is the savings account offering which of these APRs and compounding periods offers the best ARY?
4.0730% compounded daily3.1172% compounded monthly2.0365% compounded daily
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
Jed deposited 400 into a bank that offers 3.9 interest rate compounded daily In how many years will his balance be 800?
To find out how many years it will take for Jed's deposit to grow from $400 to $800 with a 3.9% interest rate compounded daily, we can use the formula for compound interest: ( A = P(1 + \frac{r}{n})^{nt} ). Here, ( A = 800 ), ( P = 400 ), ( r = 0.039 ), and ( n = 365 ). Solving for ( t ) gives approximately 18.5 years for the balance to double to $800.
What will 10000 be worth after 5 years at 5 percent?
It makes a difference how often the interest is compounded, and you haven't given that information. If it's compounded annually, then your 10,000 becomes 12,762.82 after 5 years. If it's compounded quarterly, then it becomes 12,820.37 . If it's compounded "daily", then it becomes 12,840.03 . If it's "simple" (uncompounded) interest, then 10,000 swells to a full 12,500 in 5 years.
