1257
It depends on how often it is compounded. I'll figure monthly for you. If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
10 years. Compound interest would take 7 years.
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
You will have $11576.25
1257
2 percent of 15,000 for 5 years
5 yrs @ 7% = 35% in total. 35% of 15000 = 35 x 150 = 5250
It depends on how often it is compounded. I'll figure monthly for you. If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
Rounded to the nearest cent, $15000 x 1.0415 = $27014.15
10 years. Compound interest would take 7 years.
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
You will have $11576.25
177.50
10 years
67.57
That would depend on the original principal (the amount you borrowed) and how they compute interest.