Invested amount = 3000
Interest rate = 6.25%
No of days the amount was invested = 167
Interest = Amount*Rate*No of days invested/365
=3000*6.25%*167/365
=85.79
calculate the amount of interest if $3000 is invested at 6.25% from.november 30, 2014 to may...
Set up a spreadsheet to calculate the FV of $8,000 invested at 6.25% compounded annually for 30 years. Round as directed in the text. What is the future value?
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find the amount in the bank after 12 years if interest is compounded monthly Finally, find the amount in the bank after 12 years if interest is compounded continuously
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1. Find the monthly payments on this loan: $125,000 loan amount, 15 years, 6.25 annual interest rate. Please provide steps. 2. Find the balance on this mortgage at the end of 6 years: $125,000 loan amount, 15 years, monthly payments, 6.25 annual interest rate. Please provide steps
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