Your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has $13,000 to invest, how much will she have at the end of four years?
D
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
6000=5% 8000=other CD
Kate invested 4500.
Interest on 650 @ 4.9% = 650*4.9/100 = 31.85 Interest on 500 @ 5.0% = 500*5.0/100 = 25.00 So the 650 at 4.9% is clearly better.
It will take 19 years.
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
the last word is principal
Seven percent.
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
You will have $11576.25
The total interest would be 73606.07 dollars, approx.
6.85
$10,000
Interest rate is 9 % and doubling time is 8 years. If you invest $5,000.00, what will it grow to in 24 years?
You need to invest 42027.98
One year.
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490