The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.
5 years = 5*4 = 20 quarters.
At a quarterly rate, it is 2000*(1.08)20= 9321.66 approx.
At an annual equivalent rate of 8% (that is 1.94% per quarter), the total is 938.66 approx.
8 percent of 2000 is 160 x 3 = 480 9.5 percent of 2000 is 190 x 2 = 380 100 hundred dollars cheaper.
0.43 percent of 2000 is 8.6.
2000 is 100% of 2000.
40 percent of 2000 is 800.
3/10 percent of 2000 = 6
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
Compounded annually: 2552.56 Compounded monthly: 2566.72
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
Beltway Poetry Quarterly was created in 2000.
To calculate compound interest: final_value = (1 + rate/100)periods x amount So for amount = 2000, at a rate = 6% per year over a period of 35 years you get: final_value = (1 + 6/100)35 x 2000 = 1.0635 x 2000 ~= 15372.17
If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51
$397,647.60 Hopefully I did it right. If someone could check it and remove this line, then I would appreciate it.
If the rate is 6 percent per year, then compounding daily will make no difference. If the rate is 6% per day, then 2000 dollars will be worth approx 1.0042*10^68 dollars. That is approx one hundred million trillion trillion trillion trillion trillion dollars.
20.05
Using the compound interest formula A = P(1 + r/n)^(nt), where A is the final amount, P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, we can solve for t when A = 4000, P = 2000, r = 0.06, and n = 1. Plugging these values in, we get: 4000 = 2000(1 + 0.06/1)^(1t) 2 = (1 + 0.06/1)^(1t) 2 = (1.06)^t Taking the logarithm of both sides, we can solve for t: log 2 = t log 1.06 t = log 2 / log 1.06 Using a calculator, we find that t is approximately 11.90. Therefore, it would take approximately 12 years to double the initial amount of 2000 at a 6 percent interest rate compounded annually.