Question

Какая сумма будет на моём счету в банке, если я положу 60 000$ на 5 лет под 14% годовых. Начисления производятся ежеквартально. (Ответ округлите до целых)

Answer 1

60000*1.14=68400 {год}
60000**1.70=102000 {5 лет}

Answer 2

Calculation of Interest

To calculate the amount that will be on your bank account after 5 years with a deposit of $60,000 and an annual interest rate of 14%, compounded quarterly, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where: - A is the final amount - P is the principal amount (initial deposit) - r is the annual interest rate (as a decimal) - n is the number of times that interest is compounded per year - t is the number of years

In this case, the principal amount (P) is $60,000, the annual interest rate (r) is 14% (or 0.14 as a decimal), the interest is compounded quarterly (n = 4), and the time period (t) is 5 years.

Let's calculate the final amount:

A = $60,000(1 + 0.14/4)^(4*5)

Calculation

Using the formula above, we can calculate the final amount:

A = $60,000(1 + 0.14/4)^(4*5)

A = $60,000(1 + 0.035)^(20)

A = $60,000(1.035)^(20)

A ≈ $60,000(1.854)

A ≈ $111,240

Therefore, the approximate amount on your bank account after 5 years with a deposit of $60,000, an annual interest rate of 14% compounded quarterly, will be $111,240.

Please note that this calculation is an approximation and does not take into account any additional fees or changes in interest rates over the 5-year period.