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Google Chrome File Edit View History Bookmarks Profiles Tab Window GO Q 8 Fri Oct 24 9:54 AM Finance | myLU LU HW: 2.1, 2.3 - 2.4, and 2.6 A ALEKS - Jacob Cascio - HW: *Chat Thread _ Compound Interest Calculator C 20 www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkr7j8P3jH-li-WSp540wncg8Tof4a5q5fmg... La C : C 2% calculatorsoup.com/calculators/financial/compound-interest-calculator.php | Ca | c HW: 2.1, 2.3 - 2.4, and 2.6 Assignment CalculatorSoup Contact | Calculator Index Question 52 of 56 (1 point) | Question Attempt: 2 of Unlimited Jacob v Q search calculators Online Calculators Espanol Calculators Financial Interest APR Compound Interest Calculator 47 48 49 50 51 : 52 53 54 55 56 Basic Calculator Compound Interest Calculator ADVERTISEMENT Compound Interest Calculator The compound interest calculator shows you how your An investor has $11,000 to invest and is willing to keep it invested for up to five years. You invest $11,000 in a savings NISSAN account that offers 2.51% compounded monthly. You can remove the money any time you like, but plan to keep it in the DO money can grow with interest compounding. investment for 5 years. Do not round intermediate calculations. Calculate: Total P+1 (A) Calculate compound interest on an investment, 401K or $750 Formula: A = P(1 + r)nt savings account with annual, quarterly, daily or BONUS CASH Part 1 of 2 Principal (P): $ 11,000.00 continuous compounding. e future value of the investment? Round your answer to the nearest cent. Annual Rate (R): % 2.5 The calculator computes compound interest calculations VERSA The future value of this investment is $ 12,469.23 and shows you the steps including the math. You can TEXT ME THIS ESTIMATE YOUR PAYMENT M Compound (n): Monthly also use the calculator to try different interest rates or "MORE OFFER INFORMATION Time (t in years): 5 investment terms and see how those factors affect ex. 1.5 yr = 18 mo compound interest earnings over time. ADVERTISEMENT Part: 1 / 2 Input any 4 values of principal, interest, rate, time or Clear Fall for Part 2 of 2 Calculate compounding frequency and calculate the missing value delicious Answer: Remember to input time in terms of years. So if your time What is the effective rate? Round your answer to two decimal places. A = $12,469.23 value is in months just divide by 12 to get the equivalent flavors The effective rate is % per year. value in years. Simply Deach Simply 5 X A = P + I where Cipple P (principal) = $11,000.00 What is Compound Interest? I (interest) = $1,469.23 Compound interest is when interest you earn on a Shop Now savings account or investment is rolled back into your Calculation Steps: balance to earn additional interest. The compound interest calculation accounts for interest you earn over Related Calculators First, convert R as a percent to r as a decimal time and adds it back into the amount being invested or r = R/100 saved. So while you are earning interest on your original Financial Calculators r = 2.51/100 principal you are also earning interest on accumulated r = 0.0251 rate per year, interest. Statistics Calculators Interest compounding can also happen with loans or Discrete Math Calculators Then solve the equation for A credit card debt. In this case you are charged interest on A = P(1 + r)nt interest that accumulates and is not paid off A = 11,000.00(1 + 0.0251/12)(12)(5) Compounding means that interest charged is added to ADVERTISEMENT A = 11,000.00(1 + 0.0020916666666667)60 the balance owed so that subsequent interest is Skip Part Check Save For Later Submit Assignment A = 11,000.00(1.0020916666667)60 calculated from your unpaid balance plus accrued A = $12,469.23 2025 McGraw Hill. Terms of Use | Privacy Center | Accessibility interest. Ore Ida reply week 4 29 38 9 30 OCT 24 4 exec tv