compound interest

2900 dollars is placed in an account with annual interest rate of 9%. How much will be in the account after 13 years, round to the nearest cent Using our compound interest calculator, we get a balance of: 6,407.53

You deposit $1600 in a bank account. Find the balance after 3 years if the account pays 1.75% annual interest compounded monthly Using our compound interest calculator with 3 years = 36 months, we get: 1,686.18

6700 dollars is placed in an account with an annual interest rate of 8%. show much will be in the account after 24 years, to the nearest cent ? Using our compound interest calculator, we get: 42,485.91

$100 is invested in a bank account that gives an annual interest rate of 3%, compounded monthly. How much money will be in the account after 7 years? 7 years * 12 months per year = 84 periods. Using our compound interest calculator, we get an account balance of: 123.34

Ashley deposited $4000 into an account with 2.5% interest, compounded semiannually. Assuming that no withdrawals are made, how much will she have in the account after 10 years? Semiannual means twice a year, so 10 years * 2 times per year = 20 periods. We use this and plug the numbers into our...

$800 is deposited in an account that pays 9% annual interest find balance after 4 years Using our compound interest calculator, we get: 1,129.27

7900 dollars is placed in an account with an annual interest rate of 5.5%. How much will be in the account after 11 years, to the nearest cent? Using our compound interest calculator, we get: 14,236.53

On the day of a child's birth, a deposit of $25,000 is made in a trust fund that pays 8.5% interest. Determine that balance in this account on the child's 25th birthday. Using our compound interest calculator, we get: 192,169.06

A savings account earns 15% interest annually. What is the balance after 8 years in the savings account when the initial deposit is 7500 Using our compound interest with balance calculator, we get a balance of: 22,942.67

Calculate the value of an investment of $15,000 at 6% interest after 7 years. Using our balance calculator, we get; 23,309.80

if $7000 is invested at 3% compounded monthly, what is the amount after 4 years 4 years = 12 *4 = 48 months since we're compounding monthly. From our compound interest calculator, we get: $3,381.98

7100 dollars is placed in an account with an interest of 7.75%. How much will be in the account after 30 years to the nearest cent? Using our balance with interest calculator, we get: $66,646.40

Your grandfather gave you $12,000 a a graduation present. You decided to do the responsible thing and invest it. Your bank has a interest rate of 6.5%. How much money will you have after 10 years if the interest is compounded monthly? Using our compound interest calculator, we have 10 years *...

A $1,000 deposit is made at a bank that pays 12% compounded monthly. How much will you have in your account at the end of 10 years? Using our compound interest calculator with time = 10 years * 12 months per year = 120, we get: 33,003.87

The buyer of a lot pays P10,000 every month for 10 years. If the money is 8% compounded annually, how much is the cash value of the lot? (use j= 0.006434, n=120) Using our compound interest calculator, we get: 22,196.40

your starting salary at a new company is 45000. Each year you receive a 2% raise. How long will it take you to make $80000? Let y be the number of years of compounding the 2% raise. Since 2% as a decimal is 0.02, we have the following equation for compounding the salary: 45000 * (1.02)^y =...

find the value of $20000 invested for 7 years at an annual interest rate of 2.55% compounded continuously Using our compound continuous interest with balance calculator we get: 239.084.58

Oliver invests $1,000 at a fixed rate of 7% compounded monthly, when will his account reach $10,000? 7% monthly is: 0.07/12 = .00583 So we have: 1000(1 + .00583)^m = 10000 divide each side by 1000; (1.00583)^m = 10 Take the natural log of both sides; LN (1.00583)^m = LN(10) Use the identity...

Alana puts $700.00 into an account to use for school expenses. The account earns 8% interest, compounded annually. How much will be in the account after 4 years? We use our balance with interest calculator and we get: $958

Lily put $750 in the bank if she earns 4% interest how much will she have in 5 years? We assume annual compounding, so using our balance with compound interest calculator, we have: $912.49