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How much money should be invested at 14 percent compounded quarterly to yield 12000 at the end of 7 years?
Wiki User
∙ 11y ago
4795.65 (approx).
Wiki User
∙ 11y ago
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If Mary deposits 275 in principal at an interest rate of 3.2 percent how much interest will she earn in one year?
Before she chooses a bank and deposits her money, Mary should shop around first.There are different kinds of interest.At 3.2% . . .If it's simple interest, her money will earn $ 8.80 .If it's compounded quarterly, it earns $ 8.91 in one year.If it's compounded monthly, it earns $ 8.93 .If it's compounded daily, it earns $ 8.94 .Also, by the way, notice that Mary doesn't earn the interest. Her invested money does.
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?
1430 AT 8 percent compounded semi annually 5 years?
if my math is correct at the end of the 5 years it should be 2858.58
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in a year?
2500
What lump sum will Jim need to deposit now in an account paying 7.25 percent compounded quarterly if he wants to have a balance of 50000 in 15 years?
He should deposit 17017.82
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
If Mary deposits 275 in principal at an interest rate of 3.2 percent how much interest will she earn in one year?
Before she chooses a bank and deposits her money, Mary should shop around first.There are different kinds of interest.At 3.2% . . .If it's simple interest, her money will earn $ 8.80 .If it's compounded quarterly, it earns $ 8.91 in one year.If it's compounded monthly, it earns $ 8.93 .If it's compounded daily, it earns $ 8.94 .Also, by the way, notice that Mary doesn't earn the interest. Her invested money does.
Does compounding quarterly earn you more than compounding monthly?
Monthly compounding earns more then quarterly. For example if your told your account earns 6% compounded monthly, then after 12 months you should earn 6.17% . If your account compounds quarterly, then after four quarters you should earn 6.14% .
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?
1430 AT 8 percent compounded semi annually 5 years?
if my math is correct at the end of the 5 years it should be 2858.58
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in a year?
2500
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in year?
2500
How huch money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
