fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Calculate the future value of 6,000 earning 5% interest compounded quarterly for 9 years.

Solution

C a l c u l a t e t h e f u t u re v a l u e o f 6, 000 e a r nin g 5% in t eres t co m p o u n d e d q u a r t er l y f or 9 ye a rs .

Solution

Amount : 9383.66

étapes des solutions

Translate the problem into an equation:

A = 6000 (1 + \frac{0.05}{4})^{4 \cdot 9}

6000 (1 + \frac{0.05}{4})^{4 \cdot 9} = 9383.66291 \dots

Arrondir à hundredth la plus proche:

9383.66

Amount : 9383.66

Exemples populaires

chris borrowed 350 at 15% p.a. for 2 years what is the simple interest 56% of what number is 42 There are 52 cards in a deck with 13 cards of each of the four suits. Marlin draws one card, put its back and draws another one.What is the probability that she draws a hearts card and then a 6? Enter your answer as a fraction or a decimal rounded to the nearest hundredth.A person invests 3500 dollars in a bank. The bank pays 6.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 8500 dollars?A bank promises to pay 3.5% pa compound interest on deposits of £7691 if saved for 4 years. How much will the savings be worth at the end of the period mentioned? Write your answer correct to 2 decimal places