$491
10001/999900
4795.65 (approx).
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
It will take 19 years.
74 or 75 years
The simple answer is approximately 13.7 years using the rule of 72. Interest paid quarterly will affect the answer a little, but not enough to matter.
1 x (1.03)40 = 3.26
$5,052.22
750 invested for 10 years at 10% pa would be 1,945
http://lmgtfy.com/?q=continuous+compound+interest+calculator
10001/999900
4795.65 (approx).
500 invested for 5 years at 7% interest compounded annually becomes 701.28
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79