# Compounded Interest

8,967 results, page 2

### Math

Someone loaned me $20.00 in 1962 without quoting an interest rate. Using whatever the market interest rate was at that time, how much money would I owe in 2013 including principal and interest, straight and compounded.

### finance

You invest $1,000 in a certificate of deposit that matures after 10 years and pays 5 percent interest, which is compounded annually until the certificate matures. a) How much interest will the saver earn if the interest is left to accumulate? b) How much interest will the ...

### MATHS

A SUM OF MONEY IS KEPT IN A BANK AT 8% INTEREST COMPOUNDED ANNUALLY.HAD THE INTEREST BEEN AT 10% COMPOUNDED SEMI ANNUALLY THE AMOUNT AFTER 1 YEAR WOULD HAVE BEEN 225 MORE.WHAT WAS THE PRINCIPAL AMOUNT KEPT IN THE BANK?

### College Algebra and Finance

Please help! Just need the answer... A lender gives you a choice between the following two 30-year mortgages of $200,000: Mortgage A: 6.65% interest compounded monthly, one point, monthly payment of $1283.93 Mortgage B: 6.8% interest compounded monthly, no points, monthly ...

### math

So I think I have got these down I just really want to double check the answers to these two word questions. Thanks How long will it take for $9500 to grow to $36,300 at an interest rate of 12.4% if the interest is compounded continuously? Round the number of years to the ...

### Maths

Get Rich Quick Investments LTD offers 2 investment schemes. Scheme 1: Earn 6.5% interest per year, compounded monthly. Scheme 2: Earn 6.45% interest per year, compounded daily. An investor reasons that Scheme 2 should be the best because its interest rate is very close to 6.5...

### Finance

A man stipulates in his will that $50000 from his estate is to be placed in a fund from which his three children are to each receive the same amount when they reach age 21. When the man dies (on January 2010), the children are aged 19, 15 and 13. The fund earns variable ...

### Math~

Given Interest Rate 3.75% Compounded Quarterly Equivalent Interest Rate _?_% Compounded Semi-annually formula is: i2=(1+i)^(m2/m1) -1 the answer should be 3.77%. i have alot of similar questions like this...but i need to know how to get that same answer. i tried using the same...

### calculus

Find the interest earned on $15,000,invested for 6yrs at 4% interest compounded annually

### math

calculate the compound interest on an investment of $18,000 at 8% interest compounded quarterly for 15 months.

### Algebra

5670 compounded annually at a 3.5 interest rate once a year yields what in interest

### annuities

7. Find the nominal interest rate that is equivalent to 18%/a, compounded quarterly, if interest is paid monthly.

### business math

Manually calculate the compound interest on an investment of $8500 at 6% interest, compounded semiannually, for 18 mo.

### Math

How is the principal payment calculated before interest is addes if; P = 50,000 interest = 9% and compounded for 7 years

### math(compunded interest )

9. FIND THE EFFECTIVE RATE THAT IS EQUIVALENT TO: i) 4 1/2 percent compounded semi annually ii) 12 percent compounded daily

### Business Math

1. Lee Holmes deposited $16,700 in a new savings account at 6% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,700 at 6% interest compounded semiannually. At the end of year 6, what is the balance in Lee’s account? 2.Bill Moore is...

### Math Refinancing Question

A person purchased a $205,107 home 10 years ago by paying 10% down and signing a 30-year mortgage at 8.1% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 15-year mortgage at 4.5% compounded monthly. How much ...

### math

Jim wants to deposit money in an account to save for a new stereo system in two years. He wants to have $4,000 available at the time. The following rates are available to him: 6.2% simple interest 6.1% compounded annually 5.58% compounded semiannually 5.75% compounded ...

### Math - Compound

If a bank offers interest at a nominal rate of 6%, how much greater is the effective rate if interest is compounded continuously than if the compounding is quarterly? I don't get this question at all... All I'm given is the rate and how am I suppose to compare compounded ...

### math

You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...

### math

You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...

### Finance

You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...

### Finance

You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...

### math

you deposit $750 in an account earning 10.3% interest compounded monthly. Find the interest earned in 6 months.

### math 111c

how long will it take for $2600 to grow to $20,400 at an interest rate of 6.1% if the interest is compounded continuously?

### Finance

An investment pays 9 percent interest compounded semi-annually. What is the effective annual interest rate?

### math

What is the answer to financial polyminals P= 5670 + r = 3.5% P dollars is invested at annual interest interest is compounded semiannually

### Math

If a bank pays 2.4% interest compounded monthly on its certificate of deposit. What is the effective interest rate on annum

### math

Manually calculate the compound interest on a 13% loan of $1,600 for three years if the interest is compounded annually.

### Plz Hel, word problem:)

I have tried hard to solve, but I'm stuck.... Let’s use our knowledge of quadrantic equations to analyze a real world business application. If P dollars is invested at r rate of interest compounded anually t years, then the amount of money, A, accummulated at the end of t ...

### Math

From January 1, 2000 to December 31, 2004, First Bank paid 5% interest, compounded monthly. On January 1, 2005, they lowered their rate to 3% interest, compounded monthly. I deposited $100 at the end of each month beginning in January, 2000. How much did I have in my account ...

### math

The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $100,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...

### math

The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $110,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...

### Compounded Interest

) An investment of $37,000 was deposited in the bank. Interest was computed on a semiannual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?

### Fins nance business

1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually 2. Find the present value of a future value (1,000) four years from now when annual interest rate 8% is compounded quarterly. 3.Find the present value of a four year...

### math

find how much interest $15,000 earns in two years in a certificate paying 4.5% interest compounded quarterly?

### Math

Find how much interest $15,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.

### math

you deposit $2200 in an account that pays 3% interest, after 15 years you withdraw, what is the balance if the interest is compounded continuously

### maths

At what rate of interest per annum, the amount ` 10, 000/- will be doubled in 5 years, interest being compounded quarterly?

### account

at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly

### math

at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly

### math

Brianna invests $3,500, at 12% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment.

### Math

Find how much interest $25,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.

### math

Carla invests $3,000, at 8% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment.

### math/compound

Calculate the interest earned on an investment of 2500 invested at an interest rate of 6.15%/a compounded quarterly for 10 years.

### Algebra

Find the principal when the amount in the account is 11,000 and rate of interest is 3.45 percent compounded interest is quarterly for 2.5 years.

### math

Rochelle deposits $350 in an account that earns 6% annual interest, compounded quarterly. How much money will be in the account in 8 years? 350(1.06)^32 =2258.685339 Can anyone check what I'm doing is correct or not? Janet deposits %150 every month in an account that earns 6% ...

### TU

what is the interest of $25,000, invested for 7yrs at 7% interest compounded

### 12th grade Math - word problems

#1.) The population of bacteria after t hours is given by P(t) = 500/(1+83.33e^-0.162t) a.) What is the initial population? b.) When will the amount of bacteria in the population be 12? #2.) Which investment yields the greater amount after 4 years? a.) $900 at 9% interest ...

### Math

When interest is compounded once a year, the formula for compound interest is A=P(1+r)t in the formula, A represents the amount of money after t years, p represents the principal, and interest rate written as a decimal. If p=$500 r=3% and t=2 What is the amount of compound ...

### Finite Math

The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $110,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...

### math

What would be the compounded interest on $8,000 invested for onr year AT 6%, compounded quarterly? Round your answer to the nearest dollar. Please explian how you got your answer thanks

### math

find the accumulated value of an investment of 25,000 for 4 years at an interest rate of 5%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.

### Math

find the accumulated value of an investment of 20,000 for 3 years at an interest rate of 7%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.

### Algebra

A.How long will it take for 3,700 double if it is invested at 9% annual interest compounded 6 times a year. B. Compounded continuously, it would only take blank years.

### 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 ...

### Math

A $20,000 deposit was placed in a bank paying 5.75% interest compounded quarterly. After 12 months, how much interest was earned.

### algebra

If $6,000 is placed in an account with an annual interest rate of 3%, how long will it take the amount to triple if the interest is compounded annually?

### investing

Lily invests $4,000, at 6% interest, compounded quarterly for 5 years. Calculate the compound interest for her investment by using Table 11-1.

### Maths

How long will it take for R 200000 to grow to R240000 if the interest rate is 6% per year in interest compounded every 3 months?.

### math

A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option would be the best for his investment. •Option 1...

### math

A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option would be the best for his investment. •Option 1...

### Math

A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option would be the best for his investment. •Option 1...

### 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 percent notation. Out of every 100 eligible people...

### Math

At the end of each quarter, a 50-year-old woman puts $3000 in a retirement account that pays 5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and places it in a mutual fund that pays 6.9% interest compounded monthly. From then on she ...

### Math 20(interest rates)

Determine the amount of interest charged on a loan of $5000 at 6.75% per annum, compounded semi-annually for 3 years.

### math

you deposit $2200 in an account that pays 3% annual interest. after 15 years, you withdraw the money. what is the balance if the interest is compounded continuously?

### math

find the interest rate to the nearest hundredth of a percent that will produce $2500, if $2000 is left at interest compounded semiannually for 4.5 year

### math

If $8000 is invested in an account for which interest is compounded continuously, find the amount of the investment at the end of 12 years for the following interest rates. a) 2% b) 3% c) 4.5% d) 7%

### algebra

Find the doubling time of an investment earning 7% interest if interest is compounded continuously is ____years. Round to the nearest tenth of a year.

### Maths

Peter deposit k180600 with bsp which offers 6 1/4% per annum interest. Calculate the interest earned after 6 years if it is compounded:

### Maths

Peter deposit k180600 with bsp which offers 6 1/4% per annum interest. Calculate the Interest earned after 6 years if it is compounded:

### Mathematics and investment

1. Angelo wants to renovate his house in 3 years. He estimates the cost 300,000. How much must Angelo invest now at 8% compounded quarterly in order to have 300,000 3 years from now. 2. Angelo Ancis want to save 500,000 in 5.5 years to renovate their rest house. If the bank is...

### finance

14. Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which account provides the ...

### math

If the interest on a sum is compounded quarterly, which of the following is necessarily true? a) The effective rate of interest is same for every year. b) The ratio of interest for the (m + 1) th year to m th year will be same as the ratio of interest for the (n + 1) th year ...

### math(compunded interest )

6.how long will it take for a sum of money to quadruple at 10 percent compounded annually ? 7. At what rate compounded semi-annually will RM2000 become RM 3500 in five years ?

### algebra

If $32,500 is invested at 69% for 3 years find the future value if the interest is compounded the following ways. annually, semiannually, quarterly, monthly, daily, every minute (N-525,600) continuously, simple (not compounded. Thank you for your time.

### Algebra

If $32,500 is invested at 69% for 3 years find the future value if the interest is compounded the following ways. annually, semiannually, quarterly, monthly, daily, every minute (N-525,600) continuously, simple (not compounded. Thank you for your time.

### fc college

Suppose you took loan from a bank of amount 800£ at 8% interest compounded semi-annually for three years. Find the compound interest.

### Economics

Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is: a- 10 b-11 c-10.25 d-12

### 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

### algebra 2

you deposit $3500 in an account that earns 2.5% annual interest. Find the balance after one year if the interest is compounded with the given frequency.

### Maths

Peter deposit k180,600.00 with BSP which offers 6 1/4% per annum interest. Calculate the interest earned after 6 years if it is compounded:

### math

Suppose that $200 was deposited on 1st Jan 2000 into an account that earned 5% interest compounded semiannually. Suppose further that $200 was deposited on 1st Jan 2001 into a different account that earned 6% interest compounded semiannually. In what month of what year will ...

### Math

Lee Holmes deposited $16,600 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,600 at 9% interest compounded semiannually. At the end of year 6, what is the balance in Lee’s account? I have tried and I...

### Math Help Please!

A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have ...

### pre - CALCULUS

Use the compound interest formulas A = Pert and A = P(1 + 𝑟/n)^nt to solve. Suppose that you have $11,000 to invest. Which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually? Show your work.

### math

This problem has to do with exponential models. The question says, you deposit $1600 in a bank account. Find the balance after 3 years for each of the following situations. The first one says: 1. The account pays 2.5% annual interest compounded monthly. 2. The account pays 1....

### statistics please help!

A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually. using A=p(1+r/n)^nt

### math

an investor is considering investing £5000 over five years in a scheme which offers compound interest of 3.4% compounded annually. what is the total interest paid.

### Finance

compound interest earned in an account that opens with $28,000, earns 2.4% interest compounded daily, and is held for 10 years. Assume 360 days in a year

### Pre calc

Bo has $800 that he wants to turn into $1100 in 5 years. If interest is compounded daily, calculate the interest rate he would need to make this happen.

### business math

Asia Desai deposited $6,000 in a savings account that pays 5.5 percent interest compounded daily. How much interest did she earn in 21 day

### math

Determine the interest earned of a 23-year investment with an interest rate of 2.8% compounded daily, if the future value is $44800 A) 21271.02 B) 208.60 C) 20955.11 D) 8668.80

### Math

Determine the interest earned for a 23-year investment with an interest rate of 2.8% compounded daily, if the Future Value is $44800 A) 21 271.02 B) 208.60 C) 20 955.11 D) 20 409.95

### math

An amount of money is invested at 12%/a interest. Write an equation and solve it to determine the length of time it will take for the original amouunt to double if the interest is compounded annually.

### Maths

Find the total amount required to pay off a loan of 16000 plus interest at the end of 8 years if the interest is compounded half-yearly and the rate is 14% p.a.

### Mink high school MatheMatics

Peter deposit k180600 with bsp which offers 6 1/4%per annum interest. Calculate the interest earned After 6years if it is compounded:

### MAth

Tammy Smith Deposits $5000.00 in First Internets Bank 5-year CD which pays 5.22% interest compounded monthly how much interest will she have in the account in 5 years?