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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

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Tsholow Mokhai

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4y ago

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Related Questions

5000 compounded annually at 6 percent for 5 years?

7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13


Calculate the future value of 5000 compounded annually ay 6 percent for 5 years?

5000 x (1.06)5 = 5000 x 1.338 = 6691.13


5000 invested for 25 years at 10 compounded annually?

4500233.00


If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 18 years?

You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.


What is 5000 dollars compounded semiannually at 6 percent for 5 years?

5000 x (1.03)10 = $6719.58


5000 loan at 4 percent annually for six years?

1200


What is 5000 compounded quarterly at 6 percent for 5 and a half years?

It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!


What is the compound amount if you borrow 5000 at 12 percent APR compunded annually for 8 years?

Your going to fail the test.


Wallace took out a 5000 loan for six years. He is being charged 4 percent interest compounded annually. Calculate the total amount he will pay.?

To calculate the total amount Wallace will pay on a $5,000 loan with a 4% annual interest rate compounded annually over six years, we use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the total amount, ( P ) is the principal amount ($5,000), ( r ) is the annual interest rate (0.04), and ( n ) is the number of years (6). Plugging in the values: [ A = 5000(1 + 0.04)^6 = 5000(1.265319) \approx 6326.59 ] Therefore, Wallace will pay approximately $6,326.59 in total.


You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?

If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.


If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 30 years?

Using excel FV function all added monies & interest paid @ end of period 5000 invested @ 8% /year for 30 yr no additional monies 50,313.28 with 5000 added end of each year 662,042.62 with 5000/12 added end of each month 679,801.64 with 5000/24 added twice a month 680,679.68


If you invest 5000 at 1.8 percent for 5 years compounded semiannually what is the amount in the account at the end of 5 years?

You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.