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Q: What would be the value of a savings account started with 1200 earning 4 percent compounded annually after 10 years?

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1 year

$19.22 (rounded)

Matt will have $2,298.65.

Compounded annually: 2552.56 Compounded monthly: 2566.72

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

Related questions

8.0432 years (rounded) if compounded annually.

$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.

8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.

Only if the 1% per month is compounded annually and not monthly.

13468.02

315.75

year

10 years

8029.35

It would be 259.0875 so, I would guess most banks would round that DOWN to 259.08 rather than up.

Assuming interest compounded annually, at the end of 29 years there will be only 270 in the account so it will not be possible to take 24000 in the 29th year.

compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812

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