How much is 13000 worth after 40 Semi-Annuallys using an annual intere
How much is 13000 worth after 40 Semi-Annuallys using an annual intere 
How much is 13000 worth after
40 semi-annual periods
using an annual interest rate of 11%
compounded semi-annual?
Convert interest rate to semi-annual
Semi-Annually Interest = 0.055
where A = accumulated balance
B = opening balance
i = Semi-Annually interest rate
and n = number of periods
A = 13000(1.055)40
A = 13000(8.5133087739763)
A = 110,673.01
Interest Earned = 97,673.01
A = (1 + r/n)ntcompound interest accumulated balanceinterest ratethe proportion of a loan that is charged as interest to the borrower or proportion of principal credit given to a depositorprincipalThe amount borrowed on a loan, before interest is chargedyieldHow much an investment returns in terms of interest rate
How much is 13000 worth after40 semi-annual periods
using an annual interest rate of 11%
compounded semi-annual?
Calculate effective interest rate
There are 2 semi-annual periods in a yearConvert interest rate to semi-annual
| Semi-Annually Interest = | Annual Interest Rate |
| Compounding Periods |
| Semi-Annually Interest = | 0.11 |
| 2 |
Semi-Annually Interest = 0.055
Calculate Accumulated Balance
A = B(1 + i)nwhere A = accumulated balance
B = opening balance
i = Semi-Annually interest rate
and n = number of periods
Plugging in our values
A = 13000(1 + 0.055)40A = 13000(1.055)40
A = 13000(8.5133087739763)
A = 110,673.01
How much interest was earned?
Interest Earned = Accum. Value - Start BalancePlug in our values
Interest Earned = 110,673.01 - 13,000.00Interest Earned = 97,673.01
A = 110,673.01
Interest Earned = 97,673.01
You have 1 free calculations remaining
What is the Answer?
A = 110,673.01
Interest Earned = 97,673.01
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 interestthe interest you earn on principal and interestA = (1 + r/n)ntcompound interest accumulated balanceinterest ratethe proportion of a loan that is charged as interest to the borrower or proportion of principal credit given to a depositorprincipalThe amount borrowed on a loan, before interest is chargedyieldHow much an investment returns in terms of interest rate
Example calculations for the Compound Interest Accumulated Balance Calculator
Compound Interest Accumulated Balance Calculator Video
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