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How much money will be in your bank if you deposit 900 at 4 percent interest compounded once a year for two years?
Wiki User
∙ 12y ago
900*(1+4/100)2 = 900*(1.04)2 = 973.44
Wiki User
∙ 12y ago
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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?
How much money has to be invested at 5.1 percent interest compounded continuously to have 17000 after 14 years?
Type your answer here... $8,324.59
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.
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!
How much money must be deposited now at 6 percent interest compounded semiannually to yield an annually payment of 4000 at the end of each six month period for a total of five years round your answer?
$35144.44
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.
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?
What financial products offer compounding interest?
When a financial product pays compounded interest the investor earns interest on interest earned. For example, when $1,000 is invested at a compounded rate of 5 percent the principal balance of the investment would increase to $1,050 at the end of year one assuming annual compounding of interest. In year two the investor would receive interest at 5 percent on $1,050 for an interest payment of $52.50 in year two. Money left to accumulate at compounded interest can grow tremendously over time (see Compounded Earnings: Making Your Money Work for You).Banks offer compounded interest on savings accounts and certificates of deposit. Another method of obtaining a compounded rate of interest can be achieved by buying US Treasury issued zero coupon bonds which offer the advantage of long dated paper and the ability to know upfront what the compounded rate of return will be (see Zero Coupon Bonds Explained: Locking in Long Term Profits).
How can find interest percent in Rs100000?
First find out what the interest rate is from the money lender or deposit taker.
How much money has to be invested at 5.1 percent interest compounded continuously to have 17000 after 14 years?
Type your answer here... $8,324.59
You deposit 300 today 500 one year from now and 600 four years from now into an account that earns 8 percent compounded annually How much money will you have 7 years from now?
Assuming you deposit the money on the first day of each year you will have 2,124 from the 1,400 you'd deposited earning a total of 724 interest
How much money is ten percent interest?
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
Is it true that it will take money in savings 14.2 years to double at 5 percent interest compounded annually?
Yes, that's an accurate number.
How much money has to be invested at 4.3 percent interest compounded continuously to have 19000 dollars after 16 years?
You would need 9687 dollars.
Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
How many years does it take your money to double if it earns 1 percent per year?
Approx 69.661 years if the interest is compounded. 100 years otherwise.
If you deposit 400 and percent 6 interest annually how much money will you have in 25 years?
400*(1.06)25 = 1716.75
