0
You deposit 300 today 500 one year from now and 600 four years from now into an account that earns 8 percent compounded annually How much money will you have 7 years from now?
Wiki User
∙ 14y ago
Assuming you deposit the money on the first day of each year you will have 2,124 from the 1,400 you'd deposited earning a total of 724 interest
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is the balance on 2500 deposit at 6 percent compounded annually for 3 years?
2500 * 1.06^3 = 2977.54
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?
13468.02
What lump sum will Jim need to deposit now in an account paying 7.25 percent compounded quarterly if he wants to have a balance of 50000 in 15 years?
He should deposit 17017.82
What is 6000 compounded annually at 6 percent for 5 years?
8029.35
What is the balance on 2500 deposit at 6 percent compounded annually for 3 years?
2500 * 1.06^3 = 2977.54
You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
If you deposit 10000 in a bank account that pays 10 percent interest annually how much would be deposited in your account after 5 years?
$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.
If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 18 years?
You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?
13468.02
If a Bank account has a nominal annual rate of 7.23 percent compounded annually how many years will it take to double your money?
10 years
What lump sum will Jim need to deposit now in an account paying 7.25 percent compounded quarterly if he wants to have a balance of 50000 in 15 years?
He should deposit 17017.82
5 percent interest compounded annually means percent paid every?
year
What is the balance after 7 years if you deposit 350 every quarter into a savings account that earns 4.5 percent interest compounded quarterly?
$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter
What will 10000 be worth in 30 years at 5 percent?
compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812
What is 6000 compounded annually at 6 percent for 5 years?
8029.35
