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.
$280.51
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 .
150,000 per year (simple interest, no compounding)
0.67 percent
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
You would need 9687 dollars.
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).
14.651
$280.51
4 years exactly.
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.
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
Deposit 4776.06 The frequency of compounding does not matter since the annual interest rate is given.
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
That depends on how often it's compounded. If it's once a year, 2.27 percent of 150000 is 3405.
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 .
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450