5000 x 1.03 ^ (11/12) = your total interested earned
$1.25
i have to know the money and time
for a few days or months
Ten percent in money means ten percent of the total amount. For example, if you borrow $5,000 at ten percent interest, $500 will be added to the total you owe because $500 is ten percent of $5,000. You would, therefore, have to pay $5,500 to pay the loan back in full.
Money market interest rates vary based on the value of the money market account itself. For accounts ranging from 10 to 25 thousand dollars, the best rate is from Everbank at 1.01 percent.
$1.25
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
7.5 x 2.5 ie 18.75
20.05
$170.95
Rate of interest.
i have to know the money and time
Simple interest 140.00, compound interest (where interest is added to the previous months interest) 140.45
First find out what the interest rate is from the money lender or deposit taker.
$2,500 is your answer
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Any interest that was earned from the estate over that time will be included in the payout. The trustees will have invested the money and the interest accumulated.