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calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly
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Using the Compound Interest Table, calculate the compound amount after 5 years for an investment of $7,700 at 6% interest
Top answer:
7700(1+.06/4)^(4*5) = 10,370.78 Looks good to me.
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calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly.
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P = Po(1+r)^n. Po = $7700. r = (6%/4)/100% = 0.015 = Quarterly % rate expressed as a decimal. n =
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find (a) the compound amount and (b) the compound interest for the given investment and annual rate.
a. $5000 for 20 years at 5%
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To find the compound amount and compound interest for these investments, you can use the compound
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calcualte the compound amount afterr 5 years for an investment of $7,700 at 6% interest compounded quarterly
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what is 7700(1 + .06/4)^20 ?
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*solve execises by using compounded interest formula
Principal $ 700 Time period 8years nominal rate (%) 1.5 Interest compounded
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Please do not use more than one name for your posts.
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Calculate the interest amount of a $4,300 investment for a period of 20 years with a compound interest rate of 3.7% compounded
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To calculate the interest amount for a compound interest investment, we use the formula: A = P(1 +
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Calculate the interest amount of a $4,300 investment for a period of 20 years with a compound interest rate of 3.7% compounded
Top answer:
The formula to calculate compound interest is: A = P(1 + r/n)^(nt) Where: A = the future value of
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use the compound interest formula
A=P(1+r/n)^nt and A=Pe^rt to solve 1-Find the accumulated value of an investment of $5000 at 9%
Top answer:
To solve these problems using the compound interest formulas, we need to plug in the given values
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Calculate the interest amount of a $4,300 investment for a period of 20 years with a compound interest rate of 3.7% compounded
Top answer:
To calculate the compound interest, we can use the formula: A = P(1 + r/n)^(nt) Where: A = the
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Solve the following by using the present value formula.
Compound Amount- $700 Time Period(years)-8 years Nominal Rate (%)- 1.5
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so, do you have the formula? Can you plug in your numbers?
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