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Earn +20 ptsQ: What interest rate will cause 5000 to grow to 5618.00 in two years?
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What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
5000 at 5 percent compound interest 3 years?
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12
What cost per month for 5000 at 2.9 percent interest for 2 years?
$214.68
How much simple interest do you earn if 5000 is invested for 10 years at 6 percent?
5000 x 0.06 = 300 300 x 10 = 3000
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
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