Math

Value of $100.00 earning 8% compounding interest rate annually at the end of 10 years.

  1. 0
asked by Ben
  1. 100(1+.08)^10 = 215.89

    posted by Steve

Respond to this Question

First Name

Your Response

Similar Questions

  1. Algebra Help please!

    I already posted this question,and Henrey answered it. I just wanted to clarify a few things to make sure I am on the right track Problem: Joanie takes a $6,000 loan to pay for her car. The annual interest reate on the loan is
  2. Finite Math

    You deposit $5,000 in an account earning 7.5% interest compounded semiannually. How much will you have in the account after 9 years? (Note: Use n=12 for monthly compounding, n=4 for quarterly compounding, n=2 for semiannual
  3. Is My Answer Correct Tutors?

    You deposit $9,000 in an account earning 5.5% interest compounded semiannually. How much will you have in the account after 10 years? (Note: Use n=12 for monthly compounding, n=4 for quarterly compounding, n=2 for semiannual
  4. Check Answer!!

    You deposit $4,600 in an account earning 2.5% interest compounded quarterly. How much will you have in the account after 8 years? (Note: Use n=12 for monthly compounding, n=4 for quarterly compounding, n=2 for semiannual
  5. Math

    Please check my work, thank you If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years? A=$8,268.00 Rewrite the statement, using
  6. Interest

    You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years? Use n=12 for monthly compounding,n=4 for quarterly compounding,n=2 for semiannual compounding, and n=1 for
  7. Math

    Roman saves $500 each year in an account earning interest at an annual rate of 4% compounded annually. How much interest will the account earn at the END OF THE FIRST THREE YEARS? I think I am confusing simple and compounded
  8. Finance

    Please could you help me solve this Suppose you have $100 in an interest bearing account earning 10% interest. How much would you have after the first year under the following scenarios? . annual compounding (every 12 months)-
  9. Finance

    1. You deposit $100,000 at an annual rate of 5.6%. If interest is accrued following continuous compounding, how much will you have accumulated by the end of three and a half years?
  10. math

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account

More Similar Questions