Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Mathematics
Compound Interest
How much should be invested at 6% compounded monthly so that the investment will be worth $20,000 in six years?
1 answer
solve for x
x(1 + .06/12)^12 = 20000
You can
ask a new question
or
answer this question
.
Related Questions
Ben Garrison invested $15,000 at 5% compounded daily in a credit union account that matures in 1 year. He also invested 20000 at
Franco invests some money at 6.9%/a compounded annually and David
invests some money at 6.9%/a compounded monthly. After 30
Find the accumulated value of a $5000 investment which is invested for 8 years at an
interest rate of 12% compounded: (a)
Jie is investing $15000 and is choosing between two options.
With Option A, the investment is compounded semi-annually and will
When 70 dollars is invested monthly with an annual compound interest rate of 12% compounded monthly what is the total amount of
RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2
RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2
An investment of $2500 accumulates at 6% p.a compounded semi annually for 3 years. At that time, the interest rate is changed to
Ben Garrison invested $15,000 at 5% compounded daily in a credit union account that matures in 1 year. He also invested 20000 at
48 weeks ago, Gabriella invested at 3.9% interest, compounded weekly. Today, her investment is worth $225.50. How much interest