0
Nate wants to buy a CD for 1000 that earns 3 APR and is compounded quarterly for 5 years. He will be taxed on 20 of the interest that he earns. What is the total amount of interest Nate will earn afte?
Wiki User
∙ 7y ago
He will get 128.95 interest after tax.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What amount would you have after 10 years by in investing 500 every month and the investment earns 14 percent which is compounded quarterly?
You would have 2,294,862.92.However, 14% each quarter, compounded quarterly, is equivalent to 68.9% annually. You are unlikely to find such a return legitimately.
How long does it take 1125 to triple if it is invested at 7 percent interest compounded quarterly?
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
If Mary deposits 275 in principal at an interest rate of 3.2 percent how much interest will she earn in one year?
Before she chooses a bank and deposits her money, Mary should shop around first.There are different kinds of interest.At 3.2% . . .If it's simple interest, her money will earn $ 8.80 .If it's compounded quarterly, it earns $ 8.91 in one year.If it's compounded monthly, it earns $ 8.93 .If it's compounded daily, it earns $ 8.94 .Also, by the way, notice that Mary doesn't earn the interest. Her invested money does.
How much interest will 2000 earn at 5 percent over four years compounded yearly?
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
Elena has 500 to invest . she can put it in an account that earns 4 compounded semiannually or in an account that earns 5 simple interest after 2 years how much will be in each account including the?
the last word is principal
What amount would you have after 10 years by in investing 500 every month and the investment earns 14 percent which is compounded quarterly?
You would have 2,294,862.92.However, 14% each quarter, compounded quarterly, is equivalent to 68.9% annually. You are unlikely to find such a return legitimately.
How long does it take 1125 to triple if it is invested at 7 percent interest compounded quarterly?
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
Cindy has a savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?
$156.08
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
If Mary deposits 275 in principal at an interest rate of 3.2 percent how much interest will she earn in one year?
Before she chooses a bank and deposits her money, Mary should shop around first.There are different kinds of interest.At 3.2% . . .If it's simple interest, her money will earn $ 8.80 .If it's compounded quarterly, it earns $ 8.91 in one year.If it's compounded monthly, it earns $ 8.93 .If it's compounded daily, it earns $ 8.94 .Also, by the way, notice that Mary doesn't earn the interest. Her invested money does.
What is the balance after 7 years if you deposit 350 every quarter into a savings account that earns 4.5 percent interest compounded quarterly?
$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter
Does compounding quarterly earn you more than compounding monthly?
Monthly compounding earns more then quarterly. For example if your told your account earns 6% compounded monthly, then after 12 months you should earn 6.17% . If your account compounds quarterly, then after four quarters you should earn 6.14% .
900 in savings account that earns 4 percent interest after two years how much is in the account if no deposits or withdrawals have been made?
It depends on the compounding frequency of the rate of interest earned on your bank account. Some banks compound the interest yearly and some do it quarterly. If the interest is compounded every year you will have 973.44 at the end of 2 years.
What if Jennifer deposited 10000 in an account that earns compound interest. The annual interest rate is 8 and the interest is compounded 2 times a year. The current balance in the account is 10?
No. If the account is earning interest the current amount should be greater than the initial deposit.
How much interest will 2000 earn at 5 percent over four years compounded yearly?
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
Elena has 500 to invest . she can put it in an account that earns 4 compounded semiannually or in an account that earns 5 simple interest after 2 years how much will be in each account including the?
the last word is principal
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
