Suppose that $10 000 is invested at 4.8% per annum compounding monthly. The amount of interest the investment earns in the seventh year is closest to

The amount of money which should be invested at 6.5% per annum compound interest, compounding monthly, if you require $20 000 in four years time is closest to

The simple interest payable on an initial investment of $10 000 invested at 3.5% per annum for three years will be

Calculate the amount which should be invested (to the nearest cent) to achieve the amount of $16 000 in two years’ time if the principal is invested at 4% per annum compounded yearly

Calculate the amount which should be invested (to the nearest cent) to achieve the amount of $12 000 in four years’ time if the principal is invested at 7% per annum compounded yearly

The simple interest payable on an initial investment of $20 000 invested at 5.5% per annum for four years will be

Suppose that $50 000 is invested at 5.5% per annum compounding monthly. The amount of interest the investment earns in the sixth year is closest to

The amount of money that should be invested at 5.75% per annum compound interest, compounding monthly, if you require $50 000 in three years time is closest to

The simple interest paid on an investment of $1000 over five years is $150. The required interest rate is

If you require $20 000 in two years time, the amount that you should invest at 6.5% per annum simple interest is closest to

Calculate the amount of compound interest when $2000 invested at 6% per annum for four years

The amount that should be invested at 8% per annum simple interest, if you require $30 000 in three years time, is closest to