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If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81
On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
What else can I help you with?
What is 6000 compounded annually at 6 percent for 5 years?
8029.35
How much would need to be invested at 5 percent interest compounded annually for 8 years to accumulate 6000?
$4,061.04
What is 6000 compounded annually at 6 percent for 8 years?
1 6,000.002 6,360.003 6,741.604 7,146.105 7,574.866 8,029.357 8,511.118 9,021.789 9,563.0910 10,136.87
What is 3 percent of 6000?
3 percent of 6000 is 180.
What is 29 percent of 6000?
29% of 6000= 29% * 6000= 0.29 * 6000= 1740
What is 6000 compounded annually at 6 percent for 5 years?
8029.35
How much would need to be invested at 5 percent interest compounded annually for 8 years to accumulate 6000?
$4,061.04
What is 6000 compounded annually at 6 percent for 8 years?
1 6,000.002 6,360.003 6,741.604 7,146.105 7,574.866 8,029.357 8,511.118 9,021.789 9,563.0910 10,136.87
Olivers grandfather invested 150 at 5 percent interest compounded quarterly When Oliver inherited it the amount was 6000 For how many years had the 150 been invested?
74 or 75 years
How much will 6000 for 6 years at 8 and a half percent compounded daily will grow?
Continuous interest formula, A = Pe^(rt)....where A is the accumulated amount, P is the initial investment, r is the interest rate expressed as a decimal, and t is the time - usually in years. Then, A = 6000e^(0.085 x 6) = 6000e^0.51 = 9991.75 So the growth amount is, 9991.75 - 6000.00 = 3991.75
6000 plus 8.75 percent?
6000 + (8.75 percent) = 6,525
What is 3 percent of 6000?
3 percent of 6000 is 180.
What is 29 percent of 6000?
29% of 6000= 29% * 6000= 0.29 * 6000= 1740
How do a change 60 to a percent?
change 60 to a percent = 6000%60 * 100% = 6000%
What is 10 percent x 6000?
To calculate 10 percent of 6000, you first convert 10 percent to a decimal by dividing it by 100, which equals 0.10. Then, you multiply 0.10 by 6000 to find the answer. Therefore, 10 percent of 6000 is 600.
What is 12 percent of 6000?
12% of 6000= 12% * 6000= 0.12 * 6000= 720
What is 2 percent of 6000?
2% of 6000 = 2% * 6000 = 0.02 * 6000 = 120
