A bank account earned 2% annual interest, compounded daily, for as long as the balance was under $1,000, starting when the account was opened. Once the balance reached $1,000, the account earned 2.5% annual interest, compounded daily until the account was closed. No deposits or withdrawals...
interest rate, compounded monthly, and make a beginning monthly contribution of $500 annually increased by 0%, after 15 years your savings account will have grown to $230,629 -- of which $115,000 is the total of your beginning balance plus deposits, and $115,629 is the total interest ...
compounded跟simple的interest概念略模糊。 解答: 点赞0 阅读1459 解答: sysadmin老师 提问: 这题我反复读了几遍。问题是问:pat投资了X美元在一个基金,且每年的利率是8%,按复利计算。下面哪一个是Pat的本金加上利息在5年末? 答案不是应该是:本金+利息= X+X(1+8%)的5次方吗??
and took out a loan of 2,000 at 50% annual interest,compounded annually.Exactlly three years later,he withdrew his investment,including all accrued interest,and also paid off his loan and all the interest on it.How much more interest did Ed have to pay on his loan than he had earned ...
...reinvested in a separate savings account at a stated annual interest rate of 2% compounded...
a这票货一共五个木箱 This ticket goods altogether five wooden crates[translate] a亲爱的各位 Dear each[translate] a5. Conclusions 5. 结论[translate] aif the state annual rate of interest,8 percent,is compounded quaterly. 正在翻译,请等待...[translate]...
百度试题 题目What is the effective annual rate of interest of 2.1% compounded every three months? A.6.43% B.8.40% C.8.67% D.10.87%相关知识点: 试题来源: 解析 C (1.021)4 - 1 = 0.0867 = 8.67% 反馈 收藏
Answer to: A bank CD that pays 6.86 percent compounded daily (on a 365-day per year basis). Calculate the effective annual interest rate (EAR). By...
Alex deposited x dollars into a new account that earned 8 percent annual interest, compounded annually. One year later Alex deposited an additional x dollars into the account. If there were no other transactions and if the account contained w dollars at the end of two years, which of the fo...
In both cases, the advertised interest rate is the nominal interest rate. The effective annual interest rate is calculated by adjusting the nominal interest rate for the number of compounding periods for the compounding product. In this case, that period is one year. Here are the formula and c...