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April 24, 2014

Search: Compound Interest : Future Value and Present Value

Number of results: 24,736

Finance
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound interest rate?
Wednesday, August 22, 2012 at 1:09am by tisha

Compound math
(Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest is compounded daily?
Tuesday, April 19, 2011 at 9:39am by Help

Economics
Find the future value one year from now of a $7,000 investment at a 3% annual compound interest rate. Also calculate the future value if the investment is made for 2 yeaars?
Monday, August 20, 2012 at 4:32pm by CANDICE

Finance
Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years.
Friday, January 13, 2012 at 3:38pm by audrey

Math-- Desperate for help!
Find the amount in an account if $2000 is invested at 6.125%,compounded semi-anually,for 2 years. A. $2,256.49 B. $2,252.50 C. $2,324.89 D. $544,757.84 One of these is the correct answer. I am coming up with (D) 544,757.84 Can you check, because I am probably wrong. You are ...
Sunday, February 25, 2007 at 8:16pm by Hilda

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Wednesday, April 13, 2011 at 1:59pm by John

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Wednesday, April 13, 2011 at 10:37pm by George

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Thursday, April 14, 2011 at 8:03am by John

math
Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year? B. Use the future value formula for simple interest to determine the effective annual yield?
Sunday, August 14, 2011 at 5:47pm by marie

math
Rob has a balance of 1695$ in his bank account The account pays 2.9% interest per year, compounded annually. The compound interest formula is A=P(1+i)^n A=future value\P=principal/i+interest rate/n=number of payments rods balance will reach 3000$ after how many years?
Thursday, October 3, 2013 at 1:50pm by sam

accounting
What is the future value on 12/31/2014 of a deposit of $10,000 made of 12/31/2010 assuming interest of 16% compound quarterly.
Monday, November 14, 2011 at 9:33pm by t

ALGEBRA
If the principal P = $900, the rate r = 7 1/2 %, and time t = 1 year, find the following. What is the amount of interest? What is the future value? Ok found I think I found the interest 900x0.075=67.50 is this correct.Now I need help in finding the future value.
Wednesday, November 23, 2011 at 1:34pm by MONICA

Contempoary Mthematics
Question8: Using the Present Value Table on page 358 of your text to compute the present value (principal) for an investment with a compound amount of $20,000, a 30 moth term of investment, and a 14% nominal interest rate compound semiannually. Question 9. What is the ...
Thursday, October 3, 2013 at 8:12am by Erica Walden

Math
In the future value annuity table at any interest rate for one year, why is the future value interest factor of this annuity equal to 1.00?
Saturday, August 3, 2013 at 5:46am by April

Compound Interest : Future Value and Present Value
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...
Friday, July 24, 2009 at 1:22am by Math

Finance
Comparing Future Value. Calculate the future value of a retirement account on which you deposit $2000.00 a year for 30 years with an annual interest rate of 7%.
Thursday, April 19, 2012 at 1:20pm by Valarie

programming
Having troube with java, i am not a regular programmer, if anybody can help me out writting this program: write a program that takes two numbers from the java console representing, respectively, an investment and an interest rate(you will expect the user to enter a number such...
Thursday, February 4, 2010 at 1:55pm by John

Finance
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.
Monday, November 23, 2009 at 10:28pm by Anonymous

math
Computing future value calculate the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.
Tuesday, January 22, 2013 at 6:52pm by tammy

personal finances
computing future value. calucale the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.
Saturday, January 28, 2012 at 12:51pm by shanty

financal problems
Computing future value. Calculate the future value of a retirement account in which you deposit 2,000 a year for 30 years with an annual interest rate of 7 percent.
Tuesday, April 24, 2012 at 5:48pm by gina

math
what formulas do i use for this: Investments Suppose $10,000 is invested at an annual rate of 5% for 10 years. Find the future value if interest is compounded as follows. A) Annually B) Quarterly C) Monthly D)Daily (365 days) In each case, use the formula Future value = ...
Tuesday, June 19, 2007 at 11:46pm by student

math
Interest is calculated with the following formula I=Prt What is the future value ( present value + interrst ) of this account? Present value is $600; interest is 6% Term is 12 years ( Enter your answer as dollars and cents. )
Thursday, November 10, 2011 at 10:59pm by brandon

finance
Use the following scenario to answer Discussion Question 2. Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (...
Thursday, September 17, 2009 at 8:16pm by Anonymous

algebra
A grandmother is looking for a plan to finance her new grandchild’s college education. She has $25,000 to invest. Search the internet and locate a long-range investment plan, CD, Savings Bond, etc, for the grandmother. The plan is to earn compound interest. Calculate the ...
Sunday, November 4, 2012 at 7:44pm by Kathy

Personal Finance
NEED HELP IMMEDIATELY, HAVE UNTIL 10P.M. CENTRAL TO HAVE ANSWERS?? 1.Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $6,000 a year more for the next 40 years. a.What would be the total amount...
Saturday, January 29, 2011 at 10:14am by Marie

NEED HELP ASAP, college math
Find the future value! Periodic payment: $650.00 Payment interval: every month Term: 19 years, 2 months Interest rate: 4.75% Compound frequency: monthly
Monday, October 22, 2012 at 11:17pm by kerry

Help math calc
Find the future value of $700 deposited at 3% for 9 years if the account pays simple interest and the account pays compounded annually? The future value of an account that pays simple interest is what?
Thursday, February 21, 2013 at 9:48am by Tiffany

math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years
Thursday, January 19, 2012 at 8:12pm by Emma

Finance
Calculating Interest Rate. Find the interest rate implied by the following combinations of present and future values. PresentValue Years Future Value $400 11 $684 $183 4 $249 $300 7 $300 Since you do not state otherwise, I am assuming that your interest rate is compounded ...
Sunday, March 18, 2007 at 11:45pm by Antoinette

math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years No one has answered ...
Thursday, January 19, 2012 at 10:06pm by Annie

fin 200 question
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and ...
Tuesday, July 14, 2009 at 7:29pm by meshelle

Marcoeconomics
if Bond price= the discounted value of all the future income it will generate then does it mean that the buyer of the bond earn nothing? Because he in fact need to pay the discounted value of the future income(interest) which is said to be earned by him when buying the bond. ...
Tuesday, February 17, 2009 at 8:35pm by David

Mathematics
My teacher gave us this equation, and I can't remember how to use it. It's for Simple and Compound Interest. Future Value=d[((1+i)^n-1)/i] d=deposit each time period i=rate per time period n=number of time periods
Sunday, March 8, 2009 at 1:43pm by David

maths
simple interest and compound interest on what sum will the compound interest at 10% per annum for 3 years compounded annually be Rs 331?
Sunday, January 20, 2013 at 6:00am by jyoti

math compound interest
rigoberto invests $8,000 at 6% interest comp semiannually for 1 year. Use the compound interest formula
Monday, July 1, 2013 at 6:35am by artyst

compound interest math
calculate the compound interest on an investment of $45,000 at 6% interest compounded quarterly fro 3 years
Monday, July 1, 2013 at 6:46am by artyst

Social Studies
I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you. An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest rate differ from a ...
Wednesday, November 14, 2012 at 7:56pm by Greg

Accounting
On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of compound interest table is...
Wednesday, October 17, 2012 at 8:02pm by Jed

Accounting
On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of compound interest table is...
Wednesday, October 17, 2012 at 8:22pm by Jed

anonymous
1.) an account invested in a month market fund grew from $67,081.20 to $67,359.39 in a month. What was the interest rate, to the nearest tenth? 2.)you are due a tax refund of $760. your tax preparer offers you a no-interest loan to be repaid by your refund check, which will ...
Tuesday, March 15, 2011 at 12:45am by math i have a few questions.hepl pls ty

Accounting
How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount?
Monday, December 15, 2008 at 11:23pm by Jin

Finance for the Healthcare Professional
How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount?
Tuesday, January 12, 2010 at 12:15am by Opal

economic
I will deposit $1000 per year for 25 years.� Assuming a 5% compound interest rate, what will my account be worth in 25 years? �Now assume a 10% compound rate and calculate my future balance
Friday, May 21, 2010 at 1:30am by kathy

Math
Find the future value of a $10,000 investment at 10 % annual interest compounded semiannually for 4 years. (a) $ 14,000 (b) $ 12,000 (c) $ 24,774.55 (d) $ 14,774.55 (e) $ 24,477.55 Can someone please help me find the future value? I am stuck on this problem.
Wednesday, November 2, 2011 at 10:35pm by Adam

pre algebra
Use the compound interest formula to find the value of the investment after 5 years, compounded semiannually. $1,000 at 6% annual interest
Monday, September 30, 2013 at 1:55pm by india

SS
Rohan has 100 dollars that he wants to save in a bank. Bank A offers two types of savings accounts. One has a 5% simple interest rate and the other has a 4.8% compound interest rate. Bank B also offers two types of savings accounts. One has a 3% simple interest rate and the ...
Thursday, January 23, 2014 at 2:46pm by Anonymous

Visual Basic 2008 Programming
Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops. - When $1000 is deposited at 5 percent simple interest, the amount grows by $50 each year. When money is invented at 5 percent compound interest, then the amount at the end of each ...
Tuesday, November 16, 2010 at 10:57pm by Lee

college
Why is time such an important factor in financial matters? How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount? Explain your answer. How might you use the principles of the ...
Tuesday, May 18, 2010 at 12:21pm by Jen

finances
· Why is time such an important factor in financial matters? How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount? Explain your answer. How might you use the principles of the ...
Tuesday, November 23, 2010 at 1:12pm by Anonymous

Finance
Why is time such an important factor in financial matters? How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount? Explain your answer. How might you use the principles of the ...
Wednesday, April 20, 2011 at 1:27am by Nancy

math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization.
Saturday, March 2, 2013 at 1:17pm by Andrew

math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization
Sunday, March 3, 2013 at 8:57am by Andrew

personal finance
Determining the future value of education. Jenny Franklin estimates that as a result of completing her master's degree, she will earn $7,000 a year more for the next 40 years. A.) what would be the total amount of these additional earnings? B.) what would be the future value ...
Saturday, January 28, 2012 at 11:55am by shanty

Maths
Sherpa invests $10,000 in a saving account which pays a compound interest at R% per year if the total interest earned in 2years is $400, find the value of R.
Saturday, June 11, 2011 at 5:52am by Smartypants

compounded interest
calculate the future value of an investment of $8,500 if it is to be invested for 9 years at an interest rate of 6.1%, compounded quarterly.
Saturday, November 13, 2010 at 10:24am by tom

Math
The present value of the money in your savings acct is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in 2 months?
Sunday, May 27, 2012 at 9:55pm by melissa

business maths
an inverstment of 35000 is made for 5 years at 6% interest rate.find its compound interest and compound amount if it is compounded quartely.
Thursday, May 26, 2011 at 6:20pm by rose.m

Mathematics
using the compound interest formula find the principal that will yield a compound interest of n$410 in 2 years at therate of 5 % per annum
Monday, April 15, 2013 at 9:25am by Toni

business math 205
Calculate the future of the following Ordinary Annuities. Round to the Nearest cent when necessary. Annunity Payment ($3,000) Payment Frequency Every (6) Months Time Period (years) 10 Interest Compounded (Semiannually) Future Value Of The Annuity is What? Annuity Payment ($100...
Saturday, June 25, 2011 at 4:51pm by James

maths
1. Find the amount and the compound interest on rs.12800 for 1 year at 15/2%p.a. Componded semi-annually. 2.find the amount and the compound interest on rs.24000 for 6 months if the interest is payable quarterly at the rate of 20 paise a rupee per annum.
Monday, October 14, 2013 at 8:42am by shrestha

math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?
Monday, November 15, 2010 at 4:59pm by Anonymous

Math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?
Friday, May 4, 2012 at 4:31pm by Paige

Math
Find how much must be deposited now (present value) at % simple interest so that in 6 years an account will contain $8958 (future value). present value = $ WHAT FORMULA DO I NEED TO USE TO HELP ME SOLVE THE PROBLEM?
Friday, September 10, 2010 at 2:19pm by AMANDA

math
How did they get to this answer can someone explain the steps. Directions: Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 15,000; 12.1% interest compounded quarterly for 6 yrs. answer: $518,017.56 I assume R is the...
Tuesday, June 19, 2007 at 3:35pm by student

computer science
When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a program to display the amounts for 10 years ...
Sunday, March 27, 2011 at 1:15am by James Starr

Algebra
A grandmother is looking for a plan to finance her new grandchild’s college education. She has $25,000 to invest. Search the internet and locate a long-range investment plan, CD, Savings Bond, etc, for the grandmother. The plan is to earn compound interest. Calculate the ...
Monday, January 30, 2012 at 11:56am by Betty

interest
an inheritance will be 20000. the interest rate for the the time value of money is 7%. How much is the inheritance worth now, if it will be received a) in 5 years? b)in 10 years? c)in 20 years I know i'm supposed to use F=P(1+i)^n or P=F(1+i)^-n but I am not sure if the ...
Thursday, April 9, 2009 at 2:00am by jen

Contemporary math
Using the Compound Interest Table, calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly. My answer is $10,370.82 is this correct?
Monday, July 1, 2013 at 10:42pm by Tim

compound interest
If I invest $30000 at 10% compound interest for eighteen years how much will i get
Friday, April 27, 2012 at 10:11pm by alan

math
a=16,00, r=11.5%, t=5 years determine the present value, p, you must invest to have the future value, a, at simple interest rate r after time t. round uo to nearest cent
Sunday, August 14, 2011 at 4:53pm by marie

financial planning
future vakue of wise buying if a perso saves $63 a month by using coupons and doing comparison shopping whai is the amount for a year, what would be the future value of this annual amount over 20 years assuming and interest rate of 4 percent
Thursday, May 23, 2013 at 1:31am by garaline

Maths
1.The value of an investment grows from R2200 to R3850 in 8 years. Determine the simple interest rate at which it was Invested. 2. James had R12000 and invested it for 5 years.If the value of his investment is R15600, what compound interest rate did it earn?
Monday, August 12, 2013 at 1:35pm by MoNdlie

maths-- compound interest
find the compund interest on $2500 for one year at 4% per annum compounded half-yearly. which of these is correct? $2500(1 + 0.04)^2 or $2500(1 + 0.02)^2 The second one. 2500(1+.02)^2 Since the interest is compounded semi-annually you have to divide the annual rate of 4% by 2...
Friday, January 12, 2007 at 4:06am by minerva

business math 205
Calculate the future ANNUITIES DUE. Round to the nearest cent when necessary. Annunity Payment:($3,000)Payment Frequency: Every (6) months Time Period Yrs: (5) Nominal Rate%: (10)Interest Compounded: Semiannually Future Value Of The Aunnuity Is What?
Saturday, June 25, 2011 at 5:01pm by James

Finance
200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and provide an example of when each would be used.
Friday, February 12, 2010 at 8:24pm by Anonymous

Financial Math Help? (Determine compound period)?
Future value of a $200 deposit in an account that earns 6.25% annual interest is $272.71 after 5 years. Determine the compounding period for this investment. My work: PV=FV(1+I/n)^ (-n) 200=272.71(1+0.0625/n)^-5n log0.73=log(1+0.0625/n)-5n This is where I got stuck. No idea ...
Tuesday, June 11, 2013 at 8:44pm by Sam

Finance
Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and give an example of when each would be used
Thursday, August 13, 2009 at 9:30am by Joseph

Finance
• Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and provide an example of when each would be used.
Friday, December 18, 2009 at 9:38pm by Anonymous

accounting
I need an understanding of a few matters in my accounting class: 1) what are annuities and why is it necessary to calculate there present value? 2) How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation affect the future ...
Wednesday, March 31, 2010 at 5:25pm by Stumpped on Accounting

Math
Find the future value of $800 deposited at 5% for 2 years if the account pays simple interest, and the account pays interest compounded annually
Thursday, February 21, 2013 at 9:33am by Muffin

college math
Find the approximate (with an integral estimate) present and future values of a constant income stream of 2500 dollars per year over a period of 40 years, assume a 5 percent annual interest rate compounded continuously. Find current and future value?
Monday, March 14, 2011 at 9:55pm by aj

math
Interest= $432 r=6% t=8 years How do I calculate the principal and future value?
Saturday, July 28, 2012 at 9:39pm by LaCresha

Math
I need to find the equation for the following (compound interest): number of years: 12 initial principal: 10000 annual interest rate: 0.03 additional investment each subsequent quarter: 500 The value in 12 years is 43074.4088874
Thursday, September 30, 2010 at 6:02pm by Trevor

Personal Finance
Aaron wants to put $200.00 per month into an IRA account at 15% for four years. What is he solving for using his financial calculator? A. Present Value B. Future Value C. Interest Rate D. Payment
Friday, October 25, 2013 at 10:37pm by Sharon

Personal Finance
Aaron wants to put $200.00 per month into an IRA account at 15% for four years. What is he solving for using his financial calculator A. present value B. future value C. interest rate D. payment
Wednesday, April 16, 2014 at 8:22am by Gabby

math
What would the future value of $6.5million dollars be after 5 years at 1.2% interest?
Monday, May 16, 2011 at 12:18pm by john

Math
if the principle $700, the rate 6 1/2% and a 1year, What is the amount of interest? what is the future value?
Friday, May 25, 2012 at 12:46pm by Linda

Math
If $32,500.00 is invested at 6.4% for 30 years, what is the future value if the interest is compounded continuously?
Saturday, February 16, 2013 at 4:46pm by Mike

math
What is the future value of $5000 earning 6% interest, compounded monthly, for 5 years?
Thursday, November 14, 2013 at 10:30pm by sharon q.

algebra
Find the future value of an ordinary annuity. Payments are made and interest is compounded as follows: R=600 7% interest compounded quarterly for 5 years I set this up as follows and still am getting the wrong answer: 500 (1.07)^5-1/0.07 Please help!!
Thursday, December 15, 2011 at 9:04am by Beth

financial 200
Write a 200-300 word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Descrive the characteristics of each concept and provide an example of when each of when each would be used.
Friday, July 23, 2010 at 11:09pm by Chris

Finance
Which of the following actions wiling DECREASE the present value of an investment. A. Decrease the interest B. Decrease the future value C. Decrease the amount of time D. All of the above will increase the present value
Sunday, January 19, 2014 at 9:00pm by Anthony

Business Algebra
Part I: As a financial planner a client comes to you for investment advice. After meeting with him and understanding his needs, you offer him the following two investment options: Option 1 (refer to section on Mathematics of Finance in your text.): Invest $23,000 in a savings ...
Tuesday, December 21, 2010 at 2:20pm by Tracey

math compound interest
I can figure all of the other compound interest problems except these-In how many years would Ben's $100,000 take to be worth $250.000 if compounded annually at the rate of 6.5%?-Thanks and good night :)
Monday, January 16, 2012 at 10:38pm by lola

math
1. =SUM(A14,A8) 2. =C8+ 15 3. PMT function {PMT(D4D12,E4,-C4)} What will each of the above formulas do please see if I have the correct answer using excel or another spreadsheet document. 1. Is the sum between the two blocks listed the more blocks the more #'s to the equation...
Thursday, June 5, 2008 at 10:39pm by Anonymous

Algebra 2
Find the future value of $600 invested for 5 years at 8% interest compounded semiannually.
Thursday, August 25, 2011 at 1:33pm by Chelsea

Math
If the principal P = $900, the interest I = $882, and time t = 7 years. What is the rate? What is the future value?
Sunday, January 29, 2012 at 10:00pm by Monica

finance
what is the future value of $2000.00 given that it will be held in a bank for 9 years and earn an interest of 4%?
Wednesday, May 15, 2013 at 7:55pm by matt

math
compound interest compute the compound interest on 1)Rs 1500 for 2years at 6% per annum. please send answer This site explains compound interest and shows the formula for solving your problem. http://math.about.com/library/weekly/aa042002a.htm
Thursday, August 16, 2007 at 10:30am by lalith

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