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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
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How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
How much would 500 invested at 6 percent interest compounded monthly be worth after 4 years?
635.24
How much would 200 invested at 5 percent interest compounded monthly be worth after 9 years?
313.37
In how many years your amount will be double if rate of interest is 10 percent annually in compound interest?
Approximately 7 years. The general rule is to divide 70 by the interest rate to get an approximation of how long it will take to double. If the interest is compounded annual you will have $194.88 after 7 years, and $214.37 after 8 years. Though if interest is compounded more regularly (ie. monthly or daily) this will grow at a slightly faster rate.
In how many years will 400 double itself if it is loaned at 6 p.a. compounded semiannually?
It will take 11.9 (or 12) years.
What will 10000 be worth in 30 years at 5 percent?
compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812
What is 8500 for 5 years at 4.5 percent compounded monthly?
10412.5
How many years will it take an investment to triple at 8 percent interest compounded monthly?
At 8% per month, compounded, it will take just 1.2 years. However, with monthly interest such that its annual compounded equivalent is 8% (roughly 0.64% each month), it will take 14.27 years.
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
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 will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
How much would 500 invested at 6 percent interest compounded monthly be worth after 4 years?
635.24
How much would 100 invested at 8 percent interest compounded monthly be worth after 6 years?
161.35
How much would 200 invested at 5 percent interest compounded monthly be worth after 9 years?
313.37
