You will have $11576.25
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
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))
Interest rate is 9 % and doubling time is 8 years. If you invest $5,000.00, what will it grow to in 24 years?
balls
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
The total interest would be 73606.07 dollars, approx.
6.85
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.
You will have $11576.25
The amount of interest J.P. will earn is a function of the amount he invests.
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
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))
Interest on 650 @ 4.9% = 650*4.9/100 = 31.85 Interest on 500 @ 5.0% = 500*5.0/100 = 25.00 So the 650 at 4.9% is clearly better.
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
$10,000