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What is compound interest semiannually?
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
Find the effective rate when the stated rate is 13.5 percent and the interest is compounded semiannually?
13.96%
What is the effective rate of 13.5 percent when the interest is compounded semiannually?
It is 1.135^2 - 1 = 28.8%
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
What interest rate is required for an investment with continuously compounded interest to double in 8 years?
It is approx 8.66%
What is compound interest semiannually?
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
The future value of a 1000 investment today at 8 percent annual interest compounded semiannually for 5 years is?
$1480.24
Find the effective rate when the stated rate is 13.5 percent and the interest is compounded semiannually?
13.96%
What is the effective rate of 13.5 percent when the interest is compounded semiannually?
It is 1.135^2 - 1 = 28.8%
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?
1200
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
What is 20000 in 5 years with 7 percent interest compounded semiannually?
After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98
How much money will you have at the end of one year if interest is compounded semiannually at 10 percent on a 600 deposit?
It will be 726.
Future value of 600 for invested for 5 years at 8 percent interest compounded semiannually?
The future value of $600 invested for 5 years at an 8% interest rate compounded semiannually can be calculated using the formula FV = P(1 + r/n)^(nt), where FV is the future value, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years. In this case, P = $600, r = 8% = 0.08, n = 2 (since interest is compounded semiannually), and t = 5. Plugging these values into the formula, we get FV = 600(1 + 0.08/2)^(2*5) = $925.12. Therefore, the future value of the investment after 5 years would be $925.12.
The amount to which 5000 would grow in ten years at 6 percent compounded semiannually?
To calculate the future value of an investment compounded semiannually, you can use the formula: [ A = P \left(1 + \frac{r}{n}\right)^{nt} ] where: ( A ) is the amount of money accumulated after n years, including interest. ( P ) is the principal amount (5000). ( r ) is the annual interest rate (0.06). ( n ) is the number of times that interest is compounded per year (2 for semiannual). ( t ) is the number of years the money is invested (10). Plugging in the values: [ A = 5000 \left(1 + \frac{0.06}{2}\right)^{2 \times 10} = 5000 \left(1 + 0.03\right)^{20} = 5000 \left(1.03\right)^{20} \approx 5000 \times 1.8061 \approx 9030.50 ] Thus, $5000 would grow to approximately $9030.50 in ten years at 6 percent compounded semiannually.
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
