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What is 20000 in 5 years with 7 percent interest compounded semiannually?
Wiki User
∙ 13y ago
After 5 years, 20000 at 7% per annum compounded semiannually will be
20000*(1 + 0.5*7/100)2*5
= 20000*(1.035)10
= 28211.98
Wiki User
∙ 13y ago
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How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
How much must you invest at one time in order to accumulate 20000 in 15 years at 5 percent annual interest?
It depends on how quickly / frequently the account compounds interestThe general equation for interest is this:A = P(1 + r/n)^(nt)Where A is the amount you will have at the end, P is how much you put in to begin with, r is the annual interest rate as a decimal. Also, n is the number of compounds per year and t is the number of yearsYou have given an A = 20,000You have given a t = 15 yearsYou have given an r = 0.05 (or 5%) aprYou want to find P, but you havent given me an n yetI will assume n=4. I make that assumption because that is very common. Most accounts compound four times a year. They call that "quarterly". Its a fair assumption. But if you want to be conservative try n=1, which is called "annually" and the account is compounded only once a year.Given the equation:A = P(1 + r/n)^(nt)Plug in what we know.20000 = P(1 + 0.05/4)^(4*15)20000 = P(1.0125)^(60)20000 / (1.0125)^(60) = PI get P = 9,491.35205, approximately.You will want to invest 9,491.36
What is 1 percent of 20000?
1% 0f 20,000? (1/100)(20,000) = 200 or 0.01 x 20,000 = 200
What is the standard form for 80000000 7000000 600000 20000 400 30 2?
876200432
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
How much interest would i have if its .05 percent of 20000?
0.05% of 20000 = 10
How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
How much is interest on 20000 at 3 percent?
20000*3/100 = 600 per period.
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
An annuity pays out 20000 per yer in perpetuity if the intereset rate is 5 percent compounded annually find the presenet value of the whole annuity?
400000
What is 18 percent of 20000?
18 percent of 20000 is 3600.
