balance

During your first year on the job, you deposit $2000 in an account that pays 8.5%, compounded continuously. What will be your balance after 35 years? Using our continuous compound balance calculator, we get a balance of $39,179.25.

How much would you need to deposit in an account now in order to have $6000 in the account in 15 years? Assume the account earns 8% interest compounded monthly. 8% compounded monthly = 8/12 = 0.6667% per month. 15 years = 15*12 = 180 months We want to know an initial balance B such that...

Brad has $40 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 3 years? Using our balance with interest calculator, we get $46.31.

You deposit $150 into an account that yields 2% interest compounded quarterly. How much money will you have after 5 years? 2% per year compounded quarterly equals 2/4 = 0.5% per quarter. 5 years * 4 quarter per year = 20 quarters of compounding. Using our balance calculator, we get $165.73 in...

Suppose that 25400 is invested in a certificate of a deposit for 3 years at 6% annual interest to be compounded semi annually how much interest will this investment earn? 3 years, compounded semi-annually, gives us 3 x 2 = 6 periods. Using our balance with interest calculator, we get $30,328.93

Steve Has Overdrawn His Checking Account By $27. His Bank Charged Him $15 For An Overdraft Fee Then He Quickly Deposited $100. What Is His Current Balance? Overdrawn means money he doesn't have, so we go into the negative. Start with -27. A bank charge of $15 means he goes in the negative...

Steve had $200 in his bank account. He made a deposit of $75 and then made a withdrawal of $90. How much money does Steve have in his account now? We add deposits 200 + 75 = 275 We subtract withdrawals 275 - 90 = 185

Levi invested $630 in an account paying an interest rate of 4.6% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $970? 3,425 days, per the balance calculator.

Following the birth of triplets, the grandparents deposit $30,000 in a college trust fund that earns 4.5% interest, compounded quarterly. How much will be in the account after 18 years? 18 years = 18 * 4 = 72 quarters. Using our compound interest balance calculator, we have: $67,132.95

Kevin borrowed $8000 at a rate of 7.5%, compounded monthly. Assuming he makes no payments, how much will he owe after 10 years? We want to find 8,000(1.075)^10 Using our balance calculator, we get: $16,488.25

A principal of $2200 is invested at 6% interest, compounded annually.How much will investment be worth after 10 years? Use our balance calculator, we get: $3,939.86

If a person invests $360 In an account that pays 8% interests compounded annually, find the balance after 5 years $528.95 per our balance calculator.

If 3000 is invested at an annual interest rate of 5% and compounded annually, find the balance after 2 years. Use our compound interest calculator, we get: Balance = $3,307.50