Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Mathematics
Compound Interest
The amount that results when $2,000 is compounded at 8% annually over six years.
1 answer
2000 (1 + .08)^6
You can
ask a new question
or
answer this question
.
Related Questions
Maintenance cost of an equipment is P20,000 for 2 years, P40,000 at the end of 4 years, and P80,000 at the end of 8 years.
Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest,
You wish to deposit an amount now that will accumulate to $100,000 in 10 years. How much less would you have to deposit if the
A man wishes to bequeath to his daughter P20,000 ten years from now. What amount should he invest now if it will earn interest
1) A 3, 300.00 principal earns 4% interest compounded annually. After three years, what is the balance in the amount?
2) A
Tasha invests $5,000 annually at 6% and $5,000 annually at 8%. Thomas invests $10,000 annually at 7%. Which statement accurately
Jim Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw
What are the compound amount and interest at the end of three years if bire 10,000 borrowed at annually interest rate of 8% A
The amount that results when $2,000 is compounded at 8% annually over six years
Calculate the future value of the following:
o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at