## What interest rate compounded monthly is required for an $8500

Financials institutions vary in terms of their compounding rate requency - daily, monthly, yearly, etc. Should you wish to work the interest due on a loan, you can use the loan calculator. Compound interest formula. Compound interest, or 'interest on interest', is calculated with the compound interest formula. Moreover, the interest rate r is equal to 5%, and the interest is compounded on a yearly basis, so the m in the compound interest formula is equal to 1. We want to calculate the amount of money you will receive from this investment, that is, we want to find the future value FV of your investment. Find the interest rate needed for an investment of $5,000 to grow to an amount of $5,500 in 6 months if interest is compounded monthly. compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amount after t-years. Compound interest, or 'interest on interest', is calculated with the compound interest formula. Multiply the principal amount by one plus the annual interest rate to the power of the number of compound periods to get a combined figure for principal and compound interest. Subtract the principal if you want just the compound interest. Interest Rate The annual nominal interest rate, or stated rate of the loan. Number of Months The number of payments required to repay the loan. Monthly Payment The amount to be paid toward the loan at each monthly payment due date. Compounding This calculator assumes interest compounding occurs monthly as with payments. Find the interest rate needed for an investment of $10,000 to grow to an amount of $15,000 in 9 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)

## If a period is a year then annually=1, quarterly=4, monthly=12, daily = 365, etc. Continuous Interest Rate (i): i = (r/m); interest rate per compounding period.

Find the interest rate for a $2000 deposit accumulating to 2465.42, compounded quarterly for 7 years. A=P(1+i)^n^ find the time required for $2000 to be at least equal to $17000, when deposited at 5% compounded monthly. A=P(1+i)^n^ 42.9 years. An investment carries an interest rate of 8% compounded annually. When using the time value of money functions of a financial calculator, the interest rate is entered as 8, whereas it is entered as 0.08 when using a spreadsheet to make the time value of money calculations. Financials institutions vary in terms of their compounding rate requency - daily, monthly, yearly, etc. Should you wish to work the interest due on a loan, you can use the loan calculator. Compound interest formula. Compound interest, or 'interest on interest', is calculated with the compound interest formula. Compounding Interest: The Future Value of Monthly Savings . If you pay off debts quickly, compound interest rates won't hurt too much. However, if you tend to make minimum payments, you'll be paying off your principal much slower, resulting in more money spent on interest. Determine how much your money can grow using the power of compound interest. Money handed over to a fraudster won’t grow and won’t likely be recouped. So before committing any money to an investment opportunity, use the “Check Out Your Investment Professional” search tool below the calculator to find out if you’re dealing with a registered investment professional. Compound Interest is calculated on the initial payment and also on the interest of previous periods. Example: Suppose you give \$100 to a bank which pays you 10% compound interest at the end of every year. After one year you will have \$100 + 10% = \$110, and after two years you will have \$110 + 10% = \$121. You are required to calculate the amount of interest obtained by monthly compounding. The formula used for finding compound interest is: Here, P denotes the principal, r represents the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years.

### In this example, the interest rate is 1%/day and the amount owed after t days is. A (t)=1+ .01t When necessary, we will count the exact number of days, except Feb. 29. interest compounded monthly with a $5,000 deposit. I deposited $100 at

My bank paid un annual interest rate (APR) of 5.0%, but the end of the An account with monthly compounding and an APR of 6%. 64. An account each plan require to reach your goal? 78. monthly par stare, you sell the stock for $8500,.

### If a period is a year then annually=1, quarterly=4, monthly=12, daily = 365, etc. Continuous Interest Rate (i): i = (r/m); interest rate per compounding period.

Compounding Interest: The Future Value of Monthly Savings . If you pay off debts quickly, compound interest rates won't hurt too much. However, if you tend to make minimum payments, you'll be paying off your principal much slower, resulting in more money spent on interest. Determine how much your money can grow using the power of compound interest. Money handed over to a fraudster won’t grow and won’t likely be recouped. So before committing any money to an investment opportunity, use the “Check Out Your Investment Professional” search tool below the calculator to find out if you’re dealing with a registered investment professional. Compound Interest is calculated on the initial payment and also on the interest of previous periods. Example: Suppose you give \$100 to a bank which pays you 10% compound interest at the end of every year. After one year you will have \$100 + 10% = \$110, and after two years you will have \$110 + 10% = \$121. You are required to calculate the amount of interest obtained by monthly compounding. The formula used for finding compound interest is: Here, P denotes the principal, r represents the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years. Estimate the total future value of an initial investment or principal of a bank deposit and a compound interest rate. The interest can be compounded annually, semiannually, quarterly, monthly, or daily. Include additions (contributions) to the initial deposit or investment for a more detailed calculation. See how much you can save in 5, 10, 15, 25 etc. years at a given interest rate. Calculate Example of Compound Interest Formula. Suppose an account with an original balance of $1000 is earning 12% per year and is compounded monthly. Due to being compounded monthly, the number of periods for one year would be 12 and the rate would be 1% (per month). Manually calculate the compound interest on an investment of $8500 at 6% interest, compounded semiannually, for 18 mo. asked by sandra on March 9, 2012; math. Carla invests $3,000, at 8% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment. asked by reva on January 2, 2015; math

## Just a small amount saved every day, week, or month can add up to a large amount over time. In this calculator, the interest is compounded annually. $8,500

Estimate the total future value of an initial investment or principal of a bank deposit and a compound interest rate. The interest can be compounded annually, semiannually, quarterly, monthly, or daily. Include additions (contributions) to the initial deposit or investment for a more detailed calculation. See how much you can save in 5, 10, 15, 25 etc. years at a given interest rate. Calculate Example of Compound Interest Formula. Suppose an account with an original balance of $1000 is earning 12% per year and is compounded monthly. Due to being compounded monthly, the number of periods for one year would be 12 and the rate would be 1% (per month). Manually calculate the compound interest on an investment of $8500 at 6% interest, compounded semiannually, for 18 mo. asked by sandra on March 9, 2012; math. Carla invests $3,000, at 8% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment. asked by reva on January 2, 2015; math

You can put this solution on YOUR website! What interest rate compounded monthly is required for an $8500 investment to triple in 5 years?-----5 yrs = 60 periods 2*Amt = Amt*(1+r)^60 Financials institutions vary in terms of their compounding rate requency - daily, monthly, yearly, etc. Should you wish to work the interest due on a loan, you can use the loan calculator. Compound interest formula. Compound interest, or 'interest on interest', is calculated with the compound interest formula. Moreover, the interest rate r is equal to 5%, and the interest is compounded on a yearly basis, so the m in the compound interest formula is equal to 1. We want to calculate the amount of money you will receive from this investment, that is, we want to find the future value FV of your investment. Find the interest rate needed for an investment of $5,000 to grow to an amount of $5,500 in 6 months if interest is compounded monthly. compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amount after t-years. Compound interest, or 'interest on interest', is calculated with the compound interest formula. Multiply the principal amount by one plus the annual interest rate to the power of the number of compound periods to get a combined figure for principal and compound interest. Subtract the principal if you want just the compound interest. Interest Rate The annual nominal interest rate, or stated rate of the loan. Number of Months The number of payments required to repay the loan. Monthly Payment The amount to be paid toward the loan at each monthly payment due date. Compounding This calculator assumes interest compounding occurs monthly as with payments.