accumulation of principal

$2,030.00 was invested at 10% per annum compounded annually. What interest has been earned (in dollars correct to the nearest cent) after 5 years? Using our compound interest calculator, we get: 3,269.34

You can afford monthly deposits of $270 into an account that pays 3.0% compounded monthly. How long will it be until you have $11,100 to buy a boat. Round to the next higher month. Set up our accumulation expression: 270(1.03)^n = 11100 1.03^n = 41.1111111 Take the natural log of both sides...

Kunio puts $2,200.00 into savings bonds that pay a simple interest rate of 2.4%. How much money will the bonds be worth at the end of 4 years? Using our simple interest balance calculator, we his account will be worth $2,411.20 after 4 years

Austin deposited $4000 into an account with 4.8% interest, compounded monthly. Assuming that no withdrawals are made, how much will he have in the account after 4 years? Do not round any intermediate computations, and round your answer to the nearest cent. Using our balance calculator, we get...

Calculate the simple interest if the principal is 1500 at a rate of 7% for 3 years. Using our simple interest calculator, the total interest earned over 3 years is $315.

You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Using our compound interest balance calculator, we get: $2,117.56

Rachel borrowed 8000 at a rate of 10.5%, compounded monthly. Assuming she makes no payments, how much will she owe after 4 years? Convert annual amounts to monthly 4 years = 12 * 4 = 48 months i = .105/12 = 0.00875 monthly Build our accumulation function A(t) where t is the time in months...