The annual percentage rate on 5-year term deposits starts at 3.50 percent.to 6.75% p.a.
How is 5-year compound interest calculated?
Using A = P (1 + r/n)nt, determine the accrued amount (Future Value FV).In this example, we begin with a $10,000 principal investment compounded quarterly (four times per year) for five years at a rate of 3%.In cell B1, the answer Accrued Amount (FV) = 11,611.84 should appear if you copied it correctly.
At an annual rate of 8%, what will $1,000 be worth in five years?
$1,489.85 At an annual rate of 8%, what is the future value of $1000 in five years? In the case of building month to month, $1,489.85 is the all out accumulate interest esteem following five years.
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