math help?Paul invested $5000 in a time deposit!?

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What interest will he earn for 1 year if the interswt rate is 6.5%?

2006-11-12 07:55:14 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

Depends on how often the interest is compounded.

2006-11-12 08:02:33 · answer #1 · answered by kelsey 7 · 0⤊ 0⤋

Paul will have earned $325. This is before taxes however.

2006-11-12 07:58:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋

$325.

2006-11-12 08:03:39 · answer #3 · answered by Nelson_DeVon 7 · 0⤊ 0⤋

Try this calculator at www.expenseregister.com.

2006-11-12 09:04:31 · answer #4 · answered by ssi1111 2 · 0⤊ 0⤋