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AveGali [126]
2 years ago
14

If you invested $250 at 16% how much will have after 4.5 years

Business
2 answers:
Iteru [2.4K]2 years ago
6 0

Answer:

$180

Explanation:

$250 * 0.16 * 4.5 = $180

ohaa [14]2 years ago
5 0

Answer:

it depends on how often it's compounded

yearly:

The final balance is $487.53.

The total compound interest is $237.53.

semi-annually:

The final balance is $499.75.

The total compound interest is $249.75.

quarterly:

The final balance is $506.45.

The total compound interest is $256.45.

bi-monthly:

The final balance is $508.79.

The total compound interest is $258.79.

monthly:

The final balance is $511.17.

The total compound interest is $261.17

bi-weekly:

The final balance is $512.48.

The total compound interest is $262.48.

weekly:

The final balance is $513.04.

The total compound interest is $263.04.

daily:

The final balance is $513.53.

The total compound interest is $263.53.

continuous:

The final balance is $513.61.

The total compound interest is $263.61.

Explanation:

hope this helps:)

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