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You start a account with $2500 and a interest rate of 6.5 compounded yearly. How much is in the account after 7 years?
Wiki User
∙ 7y ago
It is 3884.97 dollars.
Wiki User
∙ 7y ago
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How do you save a hundred thousand dollars in ten years?
Spend roughly ten thousand dollars a year less than you make. That is just over 833 dollars per month. This takes no account of interest that your savings may earn, but at the rates that are currently available, that is neither here nor there. Besides, if you start considering interest, you ought to look at inflation as well.
What Is the percent of the principal paid as interest per time period?
It is an increasing percentage as the repayment progresses. At the start, it is mostly interest and very little principal whereas near the end it is mostly principal and little interest.
What are the answers to enVision math ca 6th grade page 203?
Aretha had $180 in her bank account at the end of the week. She wrote a check for $12 , deposited $250, and spent $75 on groceries during the week. How much was in her account at the start of the week?
How much will 100000 dollars be worth in 5 years at 5 per cent?
Assuming yearly compounding... Start : $100,000.00 1 years: $105,000.00 2 years: $110,250.00 3 years: $115,762.50 4 years: $121,550.625 5 years: $127,628.15625
At the beginning of the week the balance in your checkbook was 298.72 During the week you made a deposit of 425.69 You also wrote checks for 29.72 135.47?
This is an easy question but in order to solve it,you need to know what deposit means which is "to placed or kept a certain amount of money in a bank to gain interest." You would then add $298.72 + $425.69 (deposit) = which would total to $724.41 from this total you would then start to subtract the checks you wrote out for $208.28-$135.$47-29.72=$350.94 and then just subtract the $5.00 from the bank letter which gives your answer $345.94.Which means you had $345.94 left in your bank account. -Lyra
Jim has 500 in his bank account at the start of the year If his account pays out 3.4 percent interest compounded monthly how much money should he have at the end of the year?
704
What is the interest rate for a mortgage from the bank Indymac?
The interest rate for mortgages from IndyMac start from between 2.7% - 3.7%, depending on your yearly fixed rate. This also depends on your annual mortgage payments.
What is a good bank to start my retirement account with?
A good way to start your retirement account is to open a simple interest-bearing savings account. Every paycheck, place ten percent of your total pay into the account. It's surprising how fast it builds.
When do black bears start their yearly sleeping?
Black bears start their yearly sleeping in fall.
Math words that start with y?
yes there are math words that start with y out there some where and whoever wrote no no no no no no no no never is really stupid and wrong!!!!!!!You can either use yard, y-axis, or y-coordinate.
Define accrue and due?
In financial or banking term, there is a subtle difference between interest accrued and interest due. for example, if you open a saving account, the interest start accruing as soon as you put any amount of money in the account. However, there may be rules for this account, saying for example, that you will get the interest only if you leave the money at least 3 months in the account. If you need urgently the money and withdraw it from your saving account before the 3 month period has passed, then you will not get any interest on this money. The interest has accrued on your account, but it is not due, because you withdrew the money to early. Example: 3-month Saving account, 12% interest per year (1% per month): - 1st of January: open account and deposit $1000 - 1st January to 28th of February: interest accrues on the $1000 - 1st of March: withdraw $500: half of the interest accrued is lost - 1st of April: withdraw all the money from the account: - the remaining $500 + the interest due for 3 months on $500 (because this amount stayed at least 3 months in the account) I hope this helps, Excel-Hocam
How do you make your neopets bank interest go up?
To make your interest go up, you simply need to deposit more Neopoints (NP). The more NP in your bank account, the higher your interest. Also, by switching your type of bank account (see the bottom of the National Neopian page) to a more expensive account (you will need to have at least the minimum amount of NP when you start that new type), you will increase your interest slightly.
Where can you start a high interest savings account in Chicago?
i was able to locate a internet bank called incredible bank it yields an interest rate of 1.21% anyone can apply online for a checking account and makes its service available to most anyone they insure all accounts 250,000
Words start with y and end with ly?
yearly
Words that start with y ends with ly?
yearly
Words that start with y that ends with ly?
yearly
Where's the best place to start a savings account?
The best place to start a savings account would be any bank closest to you. And find the bank with the highest interest rate. There's also a website called BankRate which you can use to find the best bank in your area.
