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∙ 15y ago
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If you have inherited 60000 and plan to buy a home If you invest 60000 today at 5 percent compounded annually how much could you spend on the house in one year?
If my maths is correct, you should have 360 000. The compound interest formula isA = P(1+i)nTherefore:A = 60000(1+5)1A = 60000(6)1A = 60000 x 6A = 360000Note: the 'n' is to the power ofA = Amount you will have at the end of the investmentP = The amount you invested at the beginningi = The interest raten = The amount of years that the money will be invested for
What is 33 percent of 60000?
33% of 60000 = 33% * 60000 = 0.33 * 60000 = 19,800
What is 12 percent of 60000?
12% of 60000= 12% * 60000= 0.12 * 60000= 7200
What is 23 percent of 60000?
23% of 60000= 23% * 60000= 0.23 * 60000= 13,800
What is 83 percent of 60000?
83% of 60000= 83% * 60000= 0.83 * 60000= 49,800
What is 9.5 percent of 60000?
9.5% of 60000= 9.5% * 60000= 0.095 * 60000= 5700
What is half of a percent of 60000?
half of a percent of 60000 = 3001/2% of 60000= 1/2% * 60000= 0.005 * 60000= 300
What is 1.7 percent of 60000?
17% of 60,000= 17% * 60000= 0.17 * 60000= 10,200
What is 60 percent of 60000?
60 percent of 60000 = 3600060% of 60000= 60% * 60000= 60%/100% * 60000= 360000/10= 36000
What is 60488 rounded to the nearest ten thousand?
What is 12,781 rounded to the nearest hundred
How much is 60000 pounds in London England?
£60000 is worth £60000 in London.
What is 6x10x10x10x10 in an exponent?
10^5
