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How much will 2000 dollars grow if it is compounded daily for 7 years at 6 percent compounding interest?
Wiki User
∙ 9y ago
If the rate is 6 percent per year, then compounding daily will make no difference. If the rate is 6% per day, then 2000 dollars will be worth approx 1.0042*10^68 dollars. That is approx one hundred million trillion trillion trillion trillion trillion dollars.
Wiki User
∙ 9y ago
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How much would 200 dollars invested at 7 percent interest compounded annually be worth after 5 years?
$280.51
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 .
Interest on 5000000.00 at 3 percent?
150,000 per year (simple interest, no compounding)
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
How much would 2000 become in 10 years at 5 percent interest?
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
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.
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).
What is the interest rate of 13.75 percent compounded monthly is equivalent to a daily compounded interest rate?
14.651
How much would 200 dollars invested at 7 percent interest compounded annually be worth after 5 years?
$280.51
How long will it take 16 dollars to grow to 81dollars with 50 percent interest compounded annually?
4 years exactly.
If you deposit 4000 in a bank account that pays 8 percent interest compounded annually how will you have in 6 years?
Annual interest calculates how much is in the bank at the time of compounding, then adds the percentage of interest. In this case, every year after the first slightly more than 8 percent of the 4 thousand initial deposit. In this particular case, at the end of the sixth year, you would have 6,347 dollars and 50 cents.
What is the future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
How much do you need to deposit now into an account which pays you 3 percent compounded monthly to have 10000 in 25 years?
Deposit 4776.06 The frequency of compounding does not matter since the annual interest rate is given.
What is the interest earned on 3180 if it is invested at 6.5 percent for 3½ years rounded to the nearest dollar?
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
How much interest do you get from a bank if you invest 150000 dollars at 2.27 percent?
That depends on how often it's compounded. If it's once a year, 2.27 percent of 150000 is 3405.
What is the interest and balance of 375 at 4 percent for 5 years?
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
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 .
