An average of 321.56
The monthly interest is 100.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
You will have $11576.25
To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).
635.24
The monthly interest is 100.
79.17
95
5 percent
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Deposit 4776.06 The frequency of compounding does not matter since the annual interest rate is given.
3000
You will have $11576.25
$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67
$14,693.28
V = 10000*(1.05)20 = 26532.98 dollars
226.45
Value = 10000*[1 + 21/(100*12)]^(20*12)= 643073.03 approx.Value = 10000*[1 + 21/(100*12)]^(20*12)= 643073.03 approx.Value = 10000*[1 + 21/(100*12)]^(20*12)= 643073.03 approx.Value = 10000*[1 + 21/(100*12)]^(20*12)= 643073.03 approx.
677.00
This depends on if the interest is compounding every year or not.
To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).
635.24
161.35
313.37
322.7