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How much would 200 invested at 5 percent interest compounded monthly after 9 years?
To calculate the future value of an investment compounded monthly, you can use the formula: ( A = P(1 + \frac{r}{n})^{nt} ), where ( A ) is the amount of money accumulated after n years, including interest; ( P ) is the principal amount ($200); ( r ) is the annual interest rate (0.05); ( n ) is the number of times that interest is compounded per year (12); and ( t ) is the number of years the money is invested (9). Plugging in the numbers, the future value will be approximately $319.84 after 9 years.
How much is 6 percent interest on 315000 monthly?
6% of 31 500 is 1890. Thus, you would have 33390 after a month. If you're asking how much would be gained per month if you compounded at a rate of 6% annual interest rate each month, use the formula: A = 31500(1.005)t where t is the number of months, and A is the accumulated amount.
How much would 500 invested at 6 interest compounded monthly be worth after 4 years?
To calculate the future value of an investment with compound interest, you can use the formula: ( A = P(1 + \frac{r}{n})^{nt} ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate (decimal), ( n ) is the number of times interest is compounded per year, and ( t ) is the number of years. For $500 invested at a 6% annual interest rate compounded monthly for 4 years: ( A = 500(1 + \frac{0.06}{12})^{12 \times 4} ) Calculating this gives approximately $634.96.
If 600 is deposited in a bank that pays 8.45 percent compounded quarterly what is the amount in the account after 10 months?
£765.31
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
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).
Is a monthly loss of 10 percent a loss of 120 percent annually?
No. The loss would normally be compounded so it would amount to 71.8%
How much would 200 invested at 5 percent interest compounded monthly after 9 years?
To calculate the future value of an investment compounded monthly, you can use the formula: ( A = P(1 + \frac{r}{n})^{nt} ), where ( A ) is the amount of money accumulated after n years, including interest; ( P ) is the principal amount ($200); ( r ) is the annual interest rate (0.05); ( n ) is the number of times that interest is compounded per year (12); and ( t ) is the number of years the money is invested (9). Plugging in the numbers, the future value will be approximately $319.84 after 9 years.
How much is 6 percent interest on 315000 monthly?
6% of 31 500 is 1890. Thus, you would have 33390 after a month. If you're asking how much would be gained per month if you compounded at a rate of 6% annual interest rate each month, use the formula: A = 31500(1.005)t where t is the number of months, and A is the accumulated amount.
Find the amount John owes at the end of 6 years if $5500 is loaned to her at a rate of 4% compounded monthly. The amount owed is?
7445
What is the future value of monthly deposits?
The future value of monthly deposits is the total amount of money accumulated over time by consistently adding money to an investment or savings account on a monthly basis.
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.
How much would 500 invested at 6 interest compounded monthly be worth after 4 years?
To calculate the future value of an investment with compound interest, you can use the formula: ( A = P(1 + \frac{r}{n})^{nt} ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate (decimal), ( n ) is the number of times interest is compounded per year, and ( t ) is the number of years. For $500 invested at a 6% annual interest rate compounded monthly for 4 years: ( A = 500(1 + \frac{0.06}{12})^{12 \times 4} ) Calculating this gives approximately $634.96.
If 600 is deposited in a bank that pays 8.45 percent compounded quarterly what is the amount in the account after 10 months?
£765.31
What is 5000 compounded annually at 4 percent for 5 years?
Invest at an amount of 200000 at a bank that offers an interest rate of 7,6%p.a Compounded annually for a period of 3 years
After 6 years what is the total amount of a compound interest investment of 35000 at 4 percent interest compounded quarterly?
$44,440.71
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
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).
How much money should be deposited today in an account that earns 9.5 compounded monthly so that it will accumulate to 10000 in three yeatrs?
The amount required is 7641.49
