Topic: compound interest list of topics
start over

24 items are filed under this topic.

		Page 1/1

	Compound interest		2019-05-28
		From Kenneth: Hello: Is compound interest on $1.00 for one year the same as simple interest on $1.00 for one year? Compound interest would be $1.01, and I believe the same amount would be the same at simple interest. Answered by Penny Nom.
	Compound interest		2013-05-10
		From Kyla: I am doing correspondents and cannot figure out how to explain the solution to this question, I do not understand how they came to this answer and need it explained step by step so I can complete the following questions in this unit, please help!!! Calculating compound Interest Johnny invest $800 that pays 8% compounded quarterly for 5 years. How much is the investment worth at the end of the 5th year? Answered by Penny Nom.
	25 billion dollars		2011-08-26
		From Bill: If you have $25billion dollars, what would the value of this amount become if you inflated it at 4% per year for 55 years?=C2=A0 My TVM calculator will not go this high. Answered by Penny Nom.
	A loan		2010-06-16
		From melody: LOAN: 1000 TERM: 2 years INTEREST: 2% (per month) AMOUNT: ??? what is he formula of solving this and what is the answer.. Answered by Robert Dawson.
	Compound interest		2010-06-01
		From Kenneth: Hello: I have a question regarding the following compound interest and future value calculation. Year 1 P + rP equals balance after the first year. Year 2 (P + rP) + r(P + rP) equals balance after the second year. Year 3 ? equals balance after the third year. This question is in two parts. 1. What would follow for year three? 2. I know that a pattern will develop. What will it be so that I can determine the extended pattern for following years ? Answered by Penny Nom.
	Compound interest		2010-04-21
		From Kenneth: Let's say that an investor has $1000.00 to invest for 3 years at a rate of 5% at compound interest. Here is the formula: M = 1000(1 + 0.05)^3 = $1157.62 If I want to change 1000(1 + 0.05) to (1000 + 0.05*1000) three times in a calculation instead of using (1 +0.05)^3, how would this be done? I cannot get (1000 + 0.05*1000) + (1000 + 0.05*1000) + (1000 + 0.05*1000) to equal $1157.62. I know that 1000(1.05)(1.05(1.05) will produce the answer, but I want to try to use the above non-factored calculation. Answered by Penny Nom.
	Compound interest		2010-02-27
		From Allison: Have $1000.00 in saving account compound annual interest rate 6% please calculate what it is worth 3 years, 5 years and 10 years? Answered by Tyler Wood.
	Saving for his daughter's education		2009-01-15
		From George: To save for his daughter’s university education at the end of each month Mr McLean sets aside £50 in a savings scheme paying 10% p.a. compounded monthly. He begins saving when his daughter is 3 years old. How much will he have saved by the time his daughter is 18? Answered by Harley Weston.
	Compound interest		2009-01-02
		From maninder: at what rate % compound interest per annum will be rs. 640 amount to rs. 774.40 in 2 years. Answered by Penny Nom.
	Interest compounded monthly		2008-12-13
		From ameeta: joanna invest 500 dollars. She received 6 percent interest compounded monthly. how much interest did she earn with this investment after 3 years. the answer i calculated out to be was 90 dollars but could you please show me the steps. Answered by Robert Dawson and Penny Nom.
	A 5% raise each year for 20 years		2008-09-13
		From marie: In his first year, a math teacher earned 32,000. Each successive year, he earned a 5% raise. How much did he earn in his 20th year? What were his total earnings over the 20-year period Answered by Stephen La Rocque.
	Interest compounded daily for 6 months		2008-06-18
		From Cheryl: Compounded interest daily on cd.....$1,000.00 at 2.53% for 6 months. How much will this CD earn? Answered by Penny Nom.
	Compound interest		2007-07-11
		From Michelle: Present Value of $1500 to be paid in Year 7, with an interest rate of 12% Answered by Stephen La Rocque.
	Paying off a debt		2007-04-26
		From Ema: How would you enter a formula in Excel for the following: payment is applied to principal balance, then 8% interest compounded daily, then .25% monthly penalty Answered by Stephen La Rocque and Penny Nom.
	Compound interest		2007-03-20
		From cos: how much would $2000 be at the end of 1 yr. at a daily compounded interest rate of 3% be? the 3% is not yearly but daily. thank you very much for your help!! Answered by Penny Nom.
	Compound daily interest		2007-01-27
		From Sharon: calculate the return on $20,000 for 3 years at an interest rate of 8% that compounds daily. Answered by Stephen La Rocque.
	Compound interest		2006-06-01
		From Kerem: Question: Quing deposits $40 at the end of each month into a savings account. If the money earns 4% annum compounded monthly, how much money is in the account at the end of 24 months? and Calculate the present value of an annuity, if $150 payments are to be made monthly for 4 years and the interest rate is 9% per annum compounded monthly. Answered by Natasha Glydon and Penny Nom.
	Compound Interest Formula and explanation		2006-04-14
		From Michelle: Currently there is $10,000 in a customer's savings account that earns 4% interest compounded annually. How much interest will the customer earn in a year? Answered by Stephen La Rocque.
	$24,000 investment at 5% daily interest		2005-12-21
		From Gary: My friend is a professional day trader on the stock exchange. He claims that he can take a $24,000 investment at 5% daily interest and at the end of 3 years have approximately 34 million dollars. Can this be correct? Answered by Penny Nom.
	Future value		2002-06-27
		From Susan: If one were to invest $115 a month for 20 years and expect a 4% annual return, what is the value of this money in 20 years? Answered by Leeanne Boehm.
	Compound interest		2001-04-11
		From A student: What principal will grow to $1367.10 after 1 year at 10% compounded semi-annually? Answered by Claude Tardif and Penny Nom.
	Interest compounded daily		2000-04-03
		From Debbie Bracken: How do I figure interest that is compounded daily? 8% compounded daily. Answered by Penny nom.
	Compounding continuously		2000-03-21
		From Gina: You deposit $1500 in an account that pays 6.5% annual interest, compounded continuously. Find the balance after 10 years. I'm not sure what to do with the "compounded continuously" part. Answered by Penny Nom.
	Compound Interest		1999-07-01
		From Kim Palmer: In early 1997, my son borrowed $4831 at 7.5%. He has made 30 monthly payments of $130 each. He is now in a position to pay off the balance. What is his remaining principal? Answered by Penny Nom.

		Page 1/1