answersLogoWhite

0


Best Answer

To calculate compound interest:

final_value = (1 + rate/100)periods x amount

So for amount = 2000, at a rate = 6% per year over a period of 35 years you get:

final_value = (1 + 6/100)35 x 2000

= 1.0635 x 2000

~= 15372.17

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Calculate the accumulated value of an investment of 2000 at 6 percent compounded annually for 35 years?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Find the accumulated value of an investment of 25000 for 7 years at an interest rate of 4 percent if the money is compounded semiannually?

25000 x (1.02)14 = 32976.97. For comparison, compounded annually would give 25000 x (1.04)7 = 32898.29, not a huge difference but worth having!


What is the effective annual return for an investment that pays 10 percent compounded annually?

It might just be 10%.


What is For an investment of 20 000 at 7.2a compounded semi-annually for 7 years what is the final amount.?

It is 52936.72


How long does an investment earning 9 percent take to double in value?

8.0432 years (rounded) if compounded annually.


How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?

Interest = 2472


How many years will it take for an investment to double if the interest rate is 8 percent per year compounded annually?

11 years


How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?

If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .


What is the formula to calculate 1000 invested at 8 percent for 5 years?

Assuming interest is compounded annually, 1000*(1.08)5


What rate of interest compounded annually is required to triple an investment in 3 years?

Approx 44.225 % The exact value is 100*[3^(1/3) - 1] %


Which is the better investment 8.5 percent compounded monthly or 9.1 percent compounded annually?

Answer: 9.1% At 8.5% principal grows by (1+(.085/12))^12 = 1.0884 times in one year which is less than investing at 9.1%.


How much would 500 invested at 9 interest compounded annually be worth after 4 years?

Left alone, that investment would be worth 705.79 after four years.


Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?

Only if the 1% per month is compounded annually and not monthly.