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How much will a 1 dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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How much will a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
bout $16
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 would 400 invested at 9 percent interest compounded continuously be worth after 3 years?
523.97
How much would 500 invested at 8 percent interest compounded continuously be worth after 3 years?
635.61
How much would 500 invested at 6 percent interest compounded monthly be worth after 4 years?
635.24
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 1 deposit be worth after 36 years if the interest rate by the bank is 8 percent?
about $16
Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or when it is 10 percent?
10 percent.
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 will a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
bout $16
How much a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
15.97 approx.
What happens if inflation rises by just 1 percent?
The dollar in your pocket is worth .99 of a dollar. also nominal interest=real interest+inflation so nominal interest goes up by 1%
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.
How are interest and principal related?
Principle: is the beginning amount of money that is deposited or owed. For instance, you deposit $100 or you take on a loan that is worth $100. The $100 is your principle amount. Interest: Is the cost of borrowing. The higher principle, the higher interest payment you will have to pay because the interest due is a percent of the Principle.
19 Why is a dollar worth more today than it will be worth tomorrow?
Because the dollar can be invested today and earn interest
One dollar in a safe deposit box in 1980 is worth how much now?
between 60 cents and one dollar
How interest rate affect the value of us dollar?
its actually the other way around. the value of the us dollar effects interest rates. the lower the us dollar is worth, the lower the interest rate
