How much would $500 invested at 9% interest compounded annually be worth after 4 years?
705.79
705.79
332.01
$491
610.5
At 4% annual interest compounded monthly, it's 96 periods of 1/3% each.300 x (1.00333...)96 = 412.92 (rounded)
814.45
1006.10
705.79
125 x (1.08)^14 = 367.15 If 125 is in cents, then to the nearest cent it is 367 If 125 is in dollars, then to the nearest cent it is as above, namely 367.15
332.01
$491
Inserting values into the formula for compound interest, you get:4100 * (1 + 3.75/100) to the power 6.
£374.51
610.5
187.32
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
At 4% annual interest compounded monthly, it's 96 periods of 1/3% each.300 x (1.00333...)96 = 412.92 (rounded)