How much compound interest will an account of $12,000 bear after 6 years at 3.2% APR, compounded annually
This graph shows the exponential rise in balance on an initial investment of $1,500 over 25 years at 5% APR. After 10 years about how much interest has the
How much compound interest will an account of $12,000 bear after 6 years at 3.2% APR, compounded annually
Your question is incomplete. However, the total interest earned on $1,500 @ 5% APR after 10 years will be=$2,443.34 - $1,500 =$943.34
The interest on $12,000 @ 3.2% APR after 6 years will be:
$14,496.38 - $12,000 =$2,496.38
