Derek invests 154000 for 2 years
WebDerek invests $250 per month for years at 4.8%/a compounded monthly. How much will his investment be worth at the end of the years? 5. Simone wants to save money for her retirement. Her two best options are 5.88%/a compounded monthly or 6%/a compounded annually. Which option should she choose? Why? 6. WebThis amount includes both the $6,000 he originally invested at the beginning of last year plus the $270 he earned in interest last year. This year, Lester earned a total of $282.15 …
Derek invests 154000 for 2 years
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WebJan 14, 2016 · Donna deposits $275 into her savings account. she leaves the money in her account, untouched, for 6 years. if the account earns 4.5%. Derek invests $250 per month for years at 4.8%/a compounded monthly. How much will his investment be worth at the end of the years? (2 points) b)You need $150,000 to buy a new car in 5 years’ time. WebAfter one year you will have \$105, and after two years you will have \$110. This means that you will not earn an interest on your interest. Your interest payments will be $5 per year no matter how many years the initial sum of money stays in a bank account. This calculator can be used to solve various types of simple interest problems.
WebDerek invests 154 500 for 2 years at 4% per year COMPOUND interest . Work out the value of the investment at the end of 2 years.. (3) (Total 3 marks) 5. Henry invests 4500 at a COMPOUND interest rate of 5% per annum. 4 At the end of n complete years the investment has grown to Find the value of n.. (Total 2 marks) 6.
WebDec 7, 2024 · ★ Derek invests £154 500 for 2 years at 4% per year compound interest. Work out the value of the investment at the end of 2 years. In mathematics, a rational number is a number such as -3/7 that can be expressed as the quotient or fraction p/q of two integers, a numerator p and a non-zero denominator q. WebMay 29, 2024 · Derek invests £154500 for 2 years at 4% per year compound interest. Work out the value of the investment at the end of 2 years. Question Gauthmathier2694 …
WebFor example, after 30 years,$14,000 at 6% will be worth: $80,408.88 with annual compounding. $84,316.05 with monthly compounding. $84,607.23 with weekly …
WebMaths Genie - Free Online GCSE and A Level Maths Revision highlands branch surgery leigh on seaWebMar 6, 2024 · Sam invests $4300 in two different accounts. The first account paid 2 %, the second account paid 13 % in interest. At the end of the first year he had earned $273 in interest. ... Jamal is five years less than the age of his brother Alex and the product of their ages is 300. How old is Jamal? Previous Next Advertisement We're in the know how is luminol used to detect bloodWebMay 27, 2012 · Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest, compounded annually, for the last three years. Rui invests $10,000 in an investment that pays r% for all six years. The two; Patrick invests a sum of money for 2.5 years at 12% p.a. compounded monthly. how is lumens calculatedWebMay 18, 2024 · Derek invests £154 500 for 2 years at 4% per year compound interest.Work out the value of the investment at the end of 2 years. See answer … highlands boys basketball paWebAfter investing for 10 years at 5% interest, your $2,000 investment will have grown to $3,258 highlands breast and imaging sebring flWebWhat will 150 thousand dollars be worth in 8 years? This calculates what a $150,000 investment will be worth in the future, given the original investment, annual additions, return on investment, and the number of years invested. You can also add an annual deposit to the investment. This will add the deposit amount every year during the … how is lumber treatedWebYou'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: Tony invests $19,000.00 at 2% simple interest for 15 years. How much will the investment be worth at the end of the 15 year period? Next Caleb invests $12,000.00 at 3% simple interest for 2 years. how is lumpectomy performed