de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

You deposit 24 in an account earning 6% interest compounded monthly. How much will you have in the account in 160 years?

Lösung

Y o u d e p os i t 24 in an a cco u n t e a r nin g 6% in t eres t co m p o u n d e d m o n t h l y . Ho w m u c h w i ll yo u ha v e in t h e a cco u n t in 160 ye a rs ?

Lösung

Amount : 345979.06

Schritte zur Lösung

Translate the problem into an equation:

A = 24 (1 + \frac{0.06}{12})^{12 \cdot 160}

24 (1 + \frac{0.06}{12})^{12 \cdot 160} = 345979.05984 \dots

Round to the nearest hundredth:

345979.06

Amount : 345979.06

Beliebte Beispiele

What is the result when the number 38 is increased by 6% ?an investment account is opened with an initial deposit of 14,500 earning 5.75% interest, compounded continuously. How much will the account be worth after 25 years?What is the simple interest rate on a 1350 investment paying 1,010.61 interest in 19.7 years?you invest 500 dollars at an 8% annual interest rate, if it is compounded continuously how much is your investment worth after 4 years 3 less than a certain number is 9 less than 4 times the number