3400*108.9%=3702.603702.60*108.9%=4032.134390.994781.795207.375670.826175.536725.157323.697975.508685.329458.3110300.1011216.8112215.1013302.2514486.1515775.4117179.4318708.39...60. 563,037.12
THe factors are the same
Future value (compounded) = P * (1 + i)^nThe caret symbol (^) means 'raise to the power of n'P is the present value (in this case $70000)n is the number of compounding periods (annual for 3 years, n=3)i is interest rate per period (12% = 0.12)FV = $70000 * (1 + 0.12)3 = $70000 * (1.404928) = $98344.96
It will take 12.75 periods.
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
There is no such thing as "compounded continuously". No matter how short it may be, the compounding interval is a definite amount of time and no less.
3400*108.9%=3702.603702.60*108.9%=4032.134390.994781.795207.375670.826175.536725.157323.697975.508685.329458.3110300.1011216.8112215.1013302.2514486.1515775.4117179.4318708.39...60. 563,037.12
$5,790
THe factors are the same
Future value (compounded) = P * (1 + i)^nThe caret symbol (^) means 'raise to the power of n'P is the present value (in this case $70000)n is the number of compounding periods (annual for 3 years, n=3)i is interest rate per period (12% = 0.12)FV = $70000 * (1 + 0.12)3 = $70000 * (1.404928) = $98344.96
It will take 12.75 periods.
If it's 12% per year, compounded annually, then it is: 100 * (1 + 0.12)-2 = 79.72
If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
Periods are horizontal rows. 7 periods are present in modern periodic table.
After 1 year, you would have 2,500 * 1.03 = 2,575. After the 2nd year you would have 2,575 * 1.03 = 2,652.25. After the 3rd year you would have 2,652.25 * 1.03 = 2731.8175 or rounded to $2,731.82. The formula for this is FV = PV * (1+i)^n, where FV = future value, PV = present value, i = interest rate per compounding period, and n = number of periods.
40 percent