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Using the Rule of 72 how long will it take for a deposit to double in size using an interest rate of 9 percent?
8 years.
How much would 100 invested at 10 percent interest compounded continuously be worth after 15 years?
It will be worth 417.72, approx.
How much will a 1 dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
At simple interest, it would be $3.88 (6 cents per year for 48 years = 2.88). At compound interest, credited annually, it would be $16.39 (rounded). At compound interest, credited quarterly, it would be $17.44 (rounded). Compounding means that once credited, the interest becomes part of the principal for the next interest period.
You deposit 10 dollars per month in a bank that offers an annual interest rate of 6 percent at the end of three years your balance is what?
404.95
How much would 125 invested at 8 percent interest compounded annually be worth after 16 years?
$428.24
Related Questions
How much will 1 deposit be worth after 36 years if the interest rate by the bank is 8 percent?
about $16
How much will a dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
>about $15 <
How much will a 1 deposit be worth after 24 years if the interest rate paid by bank is 7 percent?
about $5
How much a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
15.97 approx.
How much would savings of 1550 at an annual interest rate of 2 percent be worth in 11 years?
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
What is the worth of 14100 in 7 years WITH 5 percent interest?
19035 by simple interest
How much will a 1 deposit be worth after 48 years if the interest paid by the bank is 6?
about $15
How much will you have in 10 years if you deposit 5000 today and earn 8 percent annual interest?
10795
How much will a 1 deposit be worth after 48 years if the interest rate paid by the bank is 6?
about $15
How much will a $1 deposit be worth after 48 years if the interest rate paid by the bank is 6?
about $15
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
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