3 years ago

You are planning to invest $500 at 12% compounded annually. How much money would you have after 10,20 and 30 years?

1 answer:

8 0

Problem

If you deposit $500 into an account paying 12% annual interest compounded yearly , how much money will be in the account after 10 years?

Result

The amount is $1552.92 and the interest is $1052.92.

Problem

If you deposit $500 into an account paying 12% annual interest compounded yearly , how much money will be in the account after 20 years?

Result

The amount is $4823.15 and the interest is $4323.15.

Problem

If you deposit $500 into an account paying 12% annual interest compounded yearly , how much money will be in the account after 30 years?

Result

The amount is $14979.96 and the interest is $14479.96.

You might be interested in

Log749=___________________?

myrzilka [38]

Answer:

2.8744818177

3 0

4 years ago

Read 2 more answers

8 divided by 2 (2+2). 1 or 16

laiz [17]

Answer:

Step-by-step explanation:

$8/2(2+2)$

Following the order of operations (PEMDAS), combine the terms in your parentheses:

$8/2(4)$

Remember that we follow the order of operations from left to right.

Divide 8 into 2:

$4(4)$

Multiply:

$16$

8 0

3 years ago

Use the diagram to estimate the perimeter, rounding each number to the nearest hundred

icang [17]

5500 ft.
1700. ft.
1600. ft.
5500. ft.

7 0

3 years ago

Read 2 more answers

What is the value of X in the figure?<br><br> Enter your answer in the box.<br><br> X=

bonufazy [111]

Answer:

x = 29 degrees

Step-by-step explanation:

First we know that x+61 = 90

Then we can subtract 61 by both sides x = 29

Therefore, your answer would be x = 29

7 0

3 years ago

Read 2 more answers

Peter saved up $20,000 in an account earning a nominal 5% per year compounded continuously. How much was in the account at the e

kykrilka [37]

Answer:

$22,050

Step-by-step explanation:

$20,000+5%=$21,000

$21,000+5%=$22,050

3 0

3 years ago