How much is 4000 worth after
20 semi-annual periods
using an annual interest rate of 2.50%
compounded semi-annual?
Calculate effective interest rate There are 2 semi-annual periods in a year
Convert interest rate to semi-annual
Semi-Annually Interest = Annual Interest Rate Compounding Periods
Semi-Annually Interest = 0.025 2
Semi-Annually Interest = 0.0125
Calculate Accumulated Balance A = B(1 + i)n where A = accumulated balance B = opening balance i = Semi-Annually interest rate and n = number of periods Plugging in our values A = 4000(1 + 0.0125)
20 A = 4000(1.0125)
20 A = 4000(1.2820372317086)
A =
5,128.15 How much interest was earned? Interest Earned = Accum. Value - Start Balance Plug in our values Interest Earned = 5,128.15 - 4,000.00
Interest Earned =
1,128.15 See Answer A = 5,128.15 Interest Earned = 1,128.15
What is the Answer?
A = 5,128.15 Interest Earned = 1,128.15
How does the Compound Interest Accumulated Balance Calculator work?
Free Compound Interest Accumulated Balance Calculator - Given an interest rate per annum compounded annually (i), semi-annually, quarterly, monthly, semi-monthly, weekly, and daily, this calculates the accumulated balance after (n) periods This calculator has 3 inputs.
What 1 formula is used for the Compound Interest Accumulated Balance Calculator?
What 5 concepts are covered in the Compound Interest Accumulated Balance Calculator?
compound interest the interest you earn on principal and interest A = (1 + r/n)nt compound interest accumulated balance interest rate the proportion of a loan that is charged as interest to the borrower or proportion of principal credit given to a depositor principal The amount borrowed on a loan, before interest is charged yield How much an investment returns in terms of interest rate
Example calculations for the Compound Interest Accumulated Balance Calculator Compound Interest Accumulated Balance Calculator Video VIDEO
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