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If 20000 is invested in a savings account offering 3.5 per year compounded continuously how fast is the balance growing after 7 years (Round your answer to the nearest cent.)?
With compound interest - the balance after 7 years would be 26336.18
The concepts of simple interest and compound interest and how these affected the results of your investment exercise?
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
What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
What is compound interest semiannually?
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
How does compound interest affect the future value of an investment?
Increases
How much would 150 invested at 8 percent interest compounded continuously be worth after 17 years?
http://lmgtfy.com/?q=continuous+compound+interest+calculator
Determine the per annum interest rate r required for an investment with continuous compound interest to yield an effective rate of 4.25 percent Express your answer as a percent?
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
After 6 years what is the total amount of a compound interest investment of 35000 at 4 percent interest compounded quarterly?
$44,440.71
Six thousand dollars is deposited into a fund at an annual rate of 13 percent find the time required for the investment to double if the interest is compounded continuously?
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
What is the past tense of compound?
Compounded.
How much money must be deposited today to become 2450 in 20 years at 8.5 compounded continuously?
479.26 needs to be invested to get to 2450 after 20 years at 8.5% compound interest.
Is there an adverb for compound?
No. There is no formal word to express the adjectives compound or compounded as an adverb.
If 20000 is invested in a savings account offering 3.5 per year compounded continuously how fast is the balance growing after 7 years (Round your answer to the nearest cent.)?
With compound interest - the balance after 7 years would be 26336.18
Why is Na not a compound?
It is an element and it is thus "not compounded" with another element(s)
The concepts of simple interest and compound interest and how these affected the results of your investment exercise?
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
When interest is compounded the total time period is subdivided into several interest periods for example 1 year 3 months 1 month How does compound interest affect the future value of an investme?
The more often interest is compounded (the shorter the interval), the faster the total value of the investment grows, and the more it's worth after any given period of time.
Using the word compound as a transitive verb?
The thief compounded his problems by resisting arrest.
