Interest rate is 9 % and doubling time is 8 years. If you invest $5,000.00, what will it grow to in 24 years?
You will have $11576.25
6.85
balls
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.
Compound interest, no tax, annual interest rates? If so - Sum after the first 5 years - (1000 x (1.15)) Sum after the next 12 years - (proceeds from the 5 year investment x (1.1512))
Your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has $13,000 to invest, how much will she have at the end of four years?
Seven percent.
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
You will have $11576.25
The total interest would be 73606.07 dollars, approx.
6.85
$10,000
You need to invest 42027.98
One year.
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
That depends on how often it's compounded. If it's once a year, 2.27 percent of 150000 is 3405.
6000=5% 8000=other CD