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If you only have 1500 to invest and the highest interest rate you can find is 3 percent compounded annually and you decide to wait 4 years to go on the trip how much money will you have to spend?
Wiki User
∙ 13y ago
Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
Wiki User
∙ 13y ago
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Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
5 percent interest compounded annually means percent paid every?
year
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
What is 350 in 6 percent interest in four years?
It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.
What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
How much would 500 invested at 7 percent compounded annually be worth after 5 years?
500 invested for 5 years at 7% interest compounded annually becomes 701.28
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
What is 5000 compounded annually at 4 percent for 5 years?
Invest at an amount of 200000 at a bank that offers an interest rate of 7,6%p.a Compounded annually for a period of 3 years
How much would 140 invested at 6 percent interest compounded annually be worth after 15 years Round your answer to the nearest cent?
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
