Compound interest 3

After 8 years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019)

Correct result:

x =  31752.7806

Solution:

a=25000 q=3%=3100=0.03 y=8 w=4 q1=1+q/w=1+0.03/4=403400=1.0075  n=y⋅ w=8⋅ 4=32 x=a⋅ q1n=25000⋅ 1.007532=31752.7806

Try another example


We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you!






Showing 0 comments:
avatar




Tips to related online calculators
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Next similar math problems:

  • Repay, interest, loan
    repay Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
  • Volume of wood
    wood Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p?
  • Savings
    bankovka The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua
  • Loan
    loan Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
  • Investment
    penize_49 1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years?
  • Profitable bank deposit 2012
    eurocoins Calculate the value of what money lose creditor with a deposit € 9500 for 4 years if the entire duration are interest 2.6% p.a. and tax on interest is 19% and annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative
  • Future value
    penize_2 Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn?
  • A loan
    exp_growth A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made?
  • Drilling machine
    heavy-drilling-machine-500x500 A manufacturing firm purchased a heavy duty drilling machine. They were given two payment options: Option 1: Make a payment of $46,000 immediately to settle the invoice for the machine. Option 2: Make a payment of $21,500 immediately and the balance of $2
  • Deposit
    ping_bank If you deposit 719 euros the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?
  • Inflation
    tsar Once upon a time, tsar owned a money printer and printed and printed. The result of printing money prices went up,in the first year 3.9 %, in the second 6%, in the third 4.7% and in the fourth 5.5%. Then tsar was failed in election. Calculate the average
  • Precious metals
    gold_3 In 2006-2009, the value of precious metals changed rapidly. The data in the following table represent the total rate of return (in percentage) for platinum, gold, an silver from 2006 through 2009: Year Platinum Gold Silver 2009 62.7 25.0 56.8 2008 -41.3 4
  • Interest
    dollars Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.
  • Computer
    pc The computer was purchased 10000,-. Each year, the price of a computer depreciates always the same percentage of the previous year. After four years, the value of the computer is reduced to 1300,- How many percent was depreciated price of the computer eac
  • Annual pension
    penize_49 Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
  • Present value
    exp_growth A bank loans a family $90,000 at 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over a 15 year period. How much should the monthly payment be in order to pay off the debt in 15 years?
  • Loan 4
    penize_49 Mr santos borrowed Php.18,000 at 1.5% interest for one year. What was the total amount he paid for the end of the 1-year term?