A Very long time.
The 100 would become 814 at the end of 43 years with no further investments and at 5% rate of returns per year.
Interest = 2472
Total value = 20000*(1.06)2 = 22472 So interest = 2472
5% ($72.50) per year.
320
$1324.80
$2400
350*0.025*5 = 43.75
$530.60
3000
The median annual wage for a marriage therapist was $46,670 in 2012. The top 10 percent earned more than $75,120 annually.
To calculate the interest earned on an investment of $20,000 compounded annually at a rate of 5% for 2 years, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount, ( r ) is the annual interest rate, and ( n ) is the number of years. Plugging in the values: ( A = 20000(1 + 0.05)^2 = 20000(1.1025) = 22050 ). The interest earned is ( A - P = 22050 - 20000 = 2050 ). Thus, the interest earned over 2 years is $2,050.
According to the Bureau of Labor Statistics, the annual lawyer salary in 2012 was $130,880. The bottom ten percent averaged about $54,310 annually, while the top ten percent earned an average of $168,010.