compound interest

$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

Your grandma gives you $10,000 to invest for college. You get an average interest rate of 5% each year. How much money will you have in 5 years? Using our accumulated balance calculator, we get: 12,762.82

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...

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

If 3000 is invested at an annual interest rate of 5% and compounded annually, find the balance after 2 years. Use our compound interest calculator, we get: Balance = $3,307.50

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...