\$1,000 in savings that yields 8% compounded semiannually,how much will U have in 20 yrs?

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# \$1,000 in savings that yields 8% compounded semiannually,how much will U have in 20 yrs?

Compounded

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### Compound Interest - Periodic Compounding - Math Is Fun

Compound Interest: Periodic Compounding. ... 20.00%: 100.00%: Semiannually: 2 : 1.00%: 5.06%: ... Continuous Compounding for 8% is: e 0.08 − 1 = 1.08329 ...

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If you put \$1,000 in a savings account that yields 8% compounded semi­annually, how much money will you have in the account in 20 years (round to nearest \$10) Solution:

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### \$1,000 in savings that yields 8% compounded semiannually,how much will U have in 20 yrs?

start: 1000\$, 8%, kompound 2 times a yeer, 20 yeers (value/start)=[1+(%/n)]^nt =1.04^40=4.801020628 fyucher \$=start \$*4.80102=4,801.21\$

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### How much interest will a savings account holding \$1200 earn in a year at 6%?

If it's simple interest, it's 6% or 6/100=3/50 of the amount invested over one year: 3*1200/50 or 6*1200/100=\$72 interest, making \$1272 in the account after a year. If it's compound interest compounded each year, then the answer is still \$72 for one year. If interest is compounded every month the

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Let Laurie's annual deposit be L and Kemeny's monthly deposit be K. After a year we have interest of 6.7%, making 1.067*L in savings; we also have after a month 1.00667K in savings. (8% per annum is 0.667% monthly.) After a year we have K((1.00667)^12+(1.00667)^11+...+(1.00667)^2+1.00

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### Bernie fries saves 500 at the end of every quarter in an ordinary annuity earning 7.2% interest compounded quarterly what is the amount of his Savings in 20 years and interest will he have earned

In 20 years there are 80 quarters. I'm assuming that 7.2% is the quarterly interest rate not the rate per annum. See later for alternative solutions. 1st quarter: 500+7.2%=500+500*0.072=500*1.072=536, assuming that each saving of 500 is subject to full interest in the same quarter (see later).

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### what is te effective yield of a saving account that is compounded semi-annuallyat an nominal rate of 5.43%?

6 months at an annual rate of 5.43% is 2.715% so the effective rate is found by squaring 1.02715=1.05504, and so the percentage is 100(1.05504-1)=5.504%.

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### what deposit @5% compounded monthly for 10 yrs wd =85000.

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### Sara deposits R900 into a savings account earning 61.5% interest per year compounded quarterly.

61.5% per year (a very generous interest rate indeed!) is 61.5/4%=15.375% a quarter. The amount plus compound interest after 3.5 years (14 quarters) is given by 900*1.15375^14=R6665.10, from which she draws R1000, leaving R5665.10. 11% per year is 5.5% semiannually. The amount pl

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### If a item cost 35.65 I pay 30.30 for it how much percent is that off?

If a item cost 35.65 I pay 30.30 for it how much percent is that off? \$35.65 x percent off = \$5.35 30.30 / 5.35 = 0 .15 or 15% so, percent off = 0.15 or 15% check: \$35.65 x 85% = \$30.30 \$35.65 x 0.85 = \$30.30

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### What is 525x1.05 with power of 11

500*(1.05)^10 = 814.45 this is different from what you specified by the title

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### Compound Interst

du yu assume him put down x\$ now & it sit theer 3.5 yeers & gro from interest? normal wae is tu add munee evree month if yu kan (but it is more komplex) at 8%, kompound evree month (end \$)/(start 4)=1.0066666)^42 =1.321897 so \$ put-up=\$ want/1.321897 =5000\$/1.321897 =3782.44\$

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