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If have 1000 dollars in the bank with a 5.4 annual interest rate how much is left after 7 years?
Wiki User
∙ 9y ago
To find this figure you will have to multiply the interest rate to the initial $1000, and get the total. For each subsequent year, you will need to add the interest accrued from the year before and then multiply that total by the interest rate again. After 7 years, there would be $1445.06 in the account.
Wiki User
∙ 9y ago
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The future value of a 1000 investment today at 8 percent annual interest compounded semiannually for 5 years is?
$1480.24
If you invest 1000 today at 5 percent annual interest how much would you have in 2 years?
1050*5/100
If you spent 1000 dollars a day how long would it take to spend 1 billion dollars?
A billion is 1,000,000,000 dollars. The answer is 1,000,000 days or 2740 years!!!
If you owe 1000 on your visa card at 12 annual percentage rate how much interest will you pay a year?
depend on how much you are paying monthly. however if your balance were to stay at 1000 it would be 120 a year.
What is the amount you will get after 5 year if you deposit Rs 1000 per month?
You'll get 60,000 rupees if you save 1000 every month for 5 years and this is apart from interest
Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?
62
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
The future value of a 1000 investment today at 8 percent annual interest compounded semiannually for 5 years is?
$1480.24
What does the compound interest refer to?
It means that the interest is added to the capital, before calculating the interest for the next period.For example - to simplify calculations, I'll use a 10% interest rate, and an initial capital of 1000 dollars:With simple interest, you get 100 dollars every year, 300 dollars in 3 years (for a total capital of 1300 dollars).With compound interest, the first year you get 100 dollars interest (10% of 1000).This is added to the capital, so you have a capital of 1100. Next year, you get 10% of 1100 in interest, i.e., 110 dollars.Now, your capital is 1210 dollars. The third year, you get 121 dollars capital.After 3 years, with compound interest, you have a capital of 1331 dollars.This calculation is simplified with powers: Every year, your capital increases by a factor of 1.1, so after 3 years, you have a total of 1000 x 1.1 x 1.1 x 1.1 = 1000 x 1.13 dollars.
How much interest will you pay on a loan of 1000 over 3 years at an APR of 7.5 percent?
It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay 1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.
What is the interest on a 1000 note for 1 month at 8 annual interest rate?
$6.66
If you invest 1000 today at 5 percent annual interest how much would you have in 2 years?
1050*5/100
What is the future value of 1000 dollars in 4 years at interest rate of 5 percent compounded semiannually?
1000 x (1.025)8 which is $1218.40.
What is 15 percent interest on 1000?
The annual interest is 150 Add this to your originial investment and you have 1,150
How long must 1000 invested at an annual interest rate of 3 percent to earn 300 in a simple interest?
>I=Prt > 300=1000(0.03)t > t=10 Time duration will be 10 years.
What is current yield on a bond that the return is 10 percent with a 1000 par value bond with a 10 percent annual coupon and the bond pays interest annual and there are 3 years remaining?
8.5
If you invested 1000 dollars in 1975 what is value today?
If you would have gotten 10% interest, your money would have doubled every 7 years.
