# Compound interest P=5000.00 I=7.5% t=50yrs. continuous compound interest

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## Related Questions:

### Simple interest

Using fixed simple interest:
so after 3 years you have \$1,500 + \$225 = \$1,725.00

Compound interest:
If you use/want compound interest you gain 5% of the new amount every year. So start with \$1,500
Year 1: \$1,500 + \$75 = \$1,575
Year 2: \$1,575 + \$78.75 = \$1,653.75
Year 3: \$1,653.75 + \$82.6875 = \$1736.4375
So final sum is \$1736.4375.
However banks usually round down so \$1736.43

Jan 28, 2014 | Mathsoft Computers & Internet

### Compound interest

Assuming the 28k is put in as one lump sum each year and that the interest is compounded annually, then after 15 years I calculate \$453,329
You can use the following online calculator to make adjustments, check my calculations, modify any factors, etc...
http://www.bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx

Nov 18, 2013 | Computers & Internet

### Borrowed money at 12% compound interest and repay it over 3 years how much will i pay

Assuming it's compounded monthly, you'll pay back about 1.43 times the amount you borrowed. If you borrowed \$1000, you'll pay about \$1,430.77 .

Sep 30, 2013 | smrtApps Compound Interest Calculator

### What is compounded interest in a personal savings account?

Compounded Interest is when the bank pays you interest on the interest. For example, if your savings account earns interest of 1%, then each day of that 1% of the amount of money you have in your savings account is added to your total amount of money.
Daily compounding = Principal (1 + interest rate/365)365 = (daily compounded amount)

Aug 14, 2013 | Finance

### How do I solve a continuously compounding equation on my TI-30XA calculator? An example: 10000(1+.06/12)^10*12

That's 10,000 for 10 years at 6% interest compounded month.
Press
1 0 0 0 0 * ( 1 + . 0 6 / 1 2 ) y^x ( 1 0 * 1 2 ) =

Apr 07, 2011 | Texas Instruments Office Equipment &...

### I cannot get the textbook answer (online calculators are also the same as textbook answer) using my sharp calculator EL738: Monthly payment for \$184,500 at 6.75% interest semi annually, for 5 year term...

Your result is for the 6.75% interest compounded monthly. The problem states that the interest is compounded semiannually. This makes a difference in the effective interest rate.

A 6.75% APR compounded semiannually gives an effective interest rate of about 6.864%:
Press 2 , 6 . 7 5 2nd >EFF

Converting this to APR gives about 6.657%:
Press 1 2 , 6 . 8 6 4 2nd >APR

If you use 6.657 for the interest rate instead of 6.75 you should get the correct result.

Feb 22, 2011 | Sharp EL-738 Scientific Calculator

### What buttons do I push in what order to figure compound interset. if I start with\$15,000.00 at 6% interset for 25 years. I am on a texas instrument ba 2 plus

If the interest is compounded monthly:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
25 2nd [*P/Y] N (25 years)
CPT FV (compute future value, see 66,974.55)

If the interest is compounded annually:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
2nd [P/Y] 1 ENTER 2nd [QUIT] (one compounding period per year)
25 N (25 years)
CPT FV (compute future value, see 64,378.96)

Oct 26, 2010 | Texas Instruments BA-II Plus Calculator

### TI 83

Yes you can use it, here is the formula: Y= V(t+ (i/c))^(tc) V=amount put in, t=time, i=intrest rate, c= amount of times it is compounded.
(I know this because I have a TI-83 calculator)

Mar 27, 2009 | Texas Instruments TI-83+ Graphing...

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