Compound Interest

Front

Karla invested $1,000 in savings bonds earning 6.75% interest compounded semi-annually for 15 years. How much total will Karla earn?

Back

$2,706.86

Front

Emily buys furniture on credit with 9.5% interest compounded quarterly. She spent $7,400. How much will she have paid after 8 years?

Back

$15,683.28

Front

Monthly means how many times a year?

Back

12

Front

Which equation do you use when asked to compound daily?

Back

A=(1+(r/n))^nt

Front

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

Back

$2794.10

Front

$1,000 is invested at 16% interest, compounded continuously, for five years. What is the ending balance?

Back

$2,225.54

Front

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

Back

$12,749.30

Front

Jay'den deposited $475 in an account with 3.8% annual compound interest. What will be his balance after 15 years?

Back

$831.10

Front

P = 26,000 | Rate = 2.4% | 4 years | Compounded Continuously | Amount owed???

Back

$28,619.74

Front

e is...

Back

a number.