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If you save one dollar on January 1 two dollars on January 2 three dollars on January 3 and continue this pattern for one year what will be the value of your entire savings?
Wiki User
∙ 14y ago
In a normal year with 365 days, you would have $66,795 at the end of the year. If you were saving in a leap year, you would have $67,161. If you really want to get into "value", you would have to consider inflation/deflation rates (normally around 3% in the US) and decide with what time you want to compare it. In addition, are you investing it in savings or just putting it in a shoebox. If investing it you need to know the interest rate and when interest is compounded (daily , monthly, quarterly, etc) in which case you can calculate nominal interest = Invested amount at time interest calculated * interest rate /period (period being 365.25 for daily 12 for monthly etc.) If you want real interest rate (or value factoring in inflation) real interest = Invested amount at time interest calculated *(interest rate- inflation rate) /period. I am sorry if that actually answered more than what you wanted.
Wiki User
∙ 14y ago
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What is 15 percent off of 70 dollars?
This is a savings of $10.50 so your final cost would be $59.50.
How much is ninety percent off of one hundred and twenty four dollars?
A savings of $111.60 and a sale price of $12.40
Mark deposited 1256 dollars from his summer job in a savings account that pays 4.5 percent interest How much interest will he earn after one year?
100
How do you save a hundred thousand dollars in ten years?
Spend roughly ten thousand dollars a year less than you make. That is just over 833 dollars per month. This takes no account of interest that your savings may earn, but at the rates that are currently available, that is neither here nor there. Besides, if you start considering interest, you ought to look at inflation as well.
1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year?
$74.90
If you save two pennies on January 1 four pennies on January 2 six pennies on January 3 and continue this pattern for one year not a leap year what will be the value of your entire savings?
$1335.9
What is the Value of 1972 50 US savings bond?
As of June 2014, a 50 dollar 1972 US Savings Bond issued in January is worth 251.76 dollars. The same bond issued in December of that year is worth 256.66 dollars.
Is 6000 dollars enough savings?
No
How can you get 100000000 dollars?
grow old with savings
What is 900 dollars 75 percent of?
900 dollars with 75% off results in 225 dollars (savings of 675 dollars).
What does the average baby boomer have in savings?
50000 dollars
50 dollars minus 35 is was percentage in savings?
It was 70%.
How much does the average 18 year old have in savings?
1,000 dollars
What is 70 percent off of 189 dollars?
$132.3 dollars off just take $189 and multiply it be .70 and that is your savings
How do you write ten dollars more than twice your savings as a variable expression?
we will use the variable 's' to represent your savings: 2s+10
The FDIC insures the money in your savings account up to?
1 million dollars
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