10001/999900
With compound interest - the balance after 7 years would be 26336.18
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
1257
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
Increases
http://lmgtfy.com/?q=continuous+compound+interest+calculator
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
When you compound a value continuously, you use the formula ( A = Pe^{rt} ), where ( A ) is the amount, ( P ) is the principal, ( r ) is the rate, and ( t ) is the time. If you are asking for the continuous compounding of 6, you need to specify the rate and time. Without those details, it's not possible to provide a numerical answer.
$44,440.71
Compounded.
479.26 needs to be invested to get to 2450 after 20 years at 8.5% compound interest.
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
The compound interest formula is A P(1 r/n)(nt), where: A the future value of the investment P the principal amount (initial investment) r the annual interest rate (in decimal form) n the number of times interest is compounded per year t the number of years the money is invested for You can use this formula to calculate the future value of an investment with compound interest.
No. There is no formal word to express the adjectives compound or compounded as an adverb.
With compound interest - the balance after 7 years would be 26336.18
It is an element and it is thus "not compounded" with another element(s)
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