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Finance: Compound interest?
$1000 is invested at 10% interest for 2 years. What would be the amount if
a) Interest annually compounds.
b) Interest quarterly compounds.
c) Interest continually compounds.
d) Interest is simple.
2 Antworten
- Anonymvor 1 JahrzehntBeste Antwort
a) 1000 x 10% = 100 + 1000 = 1100
1100 x 10% = 121 + 1100 = 1210
b) $1218.40
c) you mean like every nanosecond?
d) $100 for each year, but you must take it out at the end of the first year to prevent it from becoming the same answer as a)
- vanwagonerLv 4vor 4 Jahren
12% annual common pastime on $a million,000 is approximately $1762 in 5 years. 8% compounded semiannually on $a million,000 is approximately $1480 in 5 years. 12% annual common pastime is optimal.