We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
479.26 needs to be invested to get to 2450 after 20 years at 8.5% compound interest.
No. There is no formal word to express the adjectives compound or compounded as an adverb.
the equation for compound interest is Pe^(rt) the principal you want in the end is twice that of the original 12,000 plugging in and solving you get 12,000=6000e^(.13t) t = 5.33 years
It is an element and it is thus "not compounded" with another element(s)
With compound interest - the balance after 7 years would be 26336.18
The thief compounded his problems by resisting arrest.
Simple interest (compounded once) Initial amount(1+interest rate) Compound Interest Initial amount(1+interest rate/number of times compounding)^number of times compounding per yr
It sometimes have compounded leafs also.