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How A loan of 19000 is made at 8.75 interest compounded annually After how many years will the amount due reach 31000 or more?
Wiki User
∙ 6y ago
If no payments are made, the amount will reach 31000 in six years.
Wiki User
∙ 6y ago
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How A loan of 19000 is made at 8.75 interest compounded annually. After how many years will the amount due reach 31000 or more?
If no payments are made, the amount will reach 31000 in six years.
How much money has to be invested at 4.3 percent interest compounded continuously to have 19000 dollars after 16 years?
You would need 9687 dollars.
How many years will it take for an initial investment of 19000 to grow to 38500 Assume a rate of interest of 13 percent compounded daily?
13% daily is worse than any loan shark!Suppose it takes n days, then38500 = 19000*(1 + 13/100)n= 19000*(1.13)nSo 38500/19000 = 1.13nln(38500/19000) = n*ln(1.13)so that n = ln(38500/19000) / ln(1.13) = 5.78So 6 days.
What is 18901 rounded to the nearest 1000?
19000
What is 20 of 19000?
20% of 19,000 = 20% * 19000 = 0.2 * 19000 = 3,800
How A loan of 19000 is made at 8.75 interest compounded annually. After how many years will the amount due reach 31000 or more?
If no payments are made, the amount will reach 31000 in six years.
How much money has to be invested at 4.3 percent interest compounded continuously to have 19000 dollars after 16 years?
You would need 9687 dollars.
How many years will it take for an initial investment of 19000 to grow to 38500 Assume a rate of interest of 13 percent compounded daily?
13% daily is worse than any loan shark!Suppose it takes n days, then38500 = 19000*(1 + 13/100)n= 19000*(1.13)nSo 38500/19000 = 1.13nln(38500/19000) = n*ln(1.13)so that n = ln(38500/19000) / ln(1.13) = 5.78So 6 days.
In 8 years Pat wants to have 19000 available to buy a car. How much should he invest today if the interest rate is 7.5 percent compounded quarterly. Please show your work?
Each quarter, the capital increases by a factor of (1 + 7.5/4), so in 32 quarters, the capital will increase by a factor of (1 + 7.5/4)^32. Calculate this factor, then divide the final amount by this factor.
What is 3 percent OF 19000?
3% of 19000 = 3% * 19000 = 0.03 * 19000 = 570
What is 18901 rounded to the nearest 1000?
19000
How much is 19000 pennys?
19000 pennies = 19000/100 = £190
What is 20 of 19000?
20% of 19,000 = 20% * 19000 = 0.2 * 19000 = 3,800
What is 20 percent of 19000?
20% of 19,000 = 20% * 19000 = 0.2 * 19000 = 3,800
What is 18793 rounded to the nearest thousand?
19000
What is 19023 rounded to the nearest thousand?
19000
How many liters in 19000 milliliter?
1000 ml = 1 litre so 19000 ml = 19000/1000 = 19 litres. Simple!1000 ml = 1 litre so 19000 ml = 19000/1000 = 19 litres. Simple!1000 ml = 1 litre so 19000 ml = 19000/1000 = 19 litres. Simple!1000 ml = 1 litre so 19000 ml = 19000/1000 = 19 litres. Simple!
