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How do you do interest rates

 

Chuck deposits $2000 into a bank account that compounds annually at an interest rate of  .  Assuming there are no other transactions, what will the balance be after  years, in dollars?

 

Chuck deposits $2000 into a bank account that compounds semi-annually at an interest rate of  .  Assuming there are no other transactions, what will the balance be after  years, in dollars?

 

Chuck deposits $2000 into a bank account that compounds quarterly at an interest rate of  .  Assuming there are no other transactions, what will the balance be after  years, in dollars?

 

Chuck deposits $2000 into a bank account that compounds monthly at an interest rate of  .  Assuming there are no other transactions, what will the balance be after  years, in dollars?

 
 Jan 28, 2023

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