Not enough information. You also need to know:
* The final amount of money
* Whether simple or compound interest is known
To find the annuity payment for a given investment, you can use the formula: annuity payment investment amount / present value factor. The present value factor is calculated based on the interest rate and the number of periods the investment will last.
To find the interest payment on a loan or investment, you can use the formula: Interest Principal x Rate x Time. The principal is the amount of money borrowed or invested, the rate is the interest rate, and the time is the duration of the loan or investment. Plug in these values to calculate the interest payment.
The finance rule of 72 basically is a way to find out how long it will take for someone to double their money, given a certain interest rate. E.g. if you had an interest rate of 9% a year on an investment, it will take 72/9 = 8 years to double your initial investment.
1) Given the CD investment: 20,000 2) Given the 15 months return of: 21,095.20 What formula can I use to find the APY ?? PG.
To calculate the interest on a T-bill investment, you can use the formula: Interest Principal x Rate x Time. The principal is the amount you invest in the T-bill, the rate is the interest rate of the T-bill, and the time is the length of time you hold the T-bill. Multiply these three values together to find the interest earned on your investment.
320
One can go find current investment interest rates on any banks' websites. Some big-name banks such as ScotiaBank, RBC, CIBC, etc. They have the most current and accurate rates.
To find an investment opportunity with an interest rate lower than inflation, you can consider investing in assets like government bonds or high-yield savings accounts. These investments may offer lower interest rates but can still provide a return that outpaces inflation. It's important to research and compare different investment options to find the best fit for your financial goals.
A great website that provides investment advice and financial tools and current CD interest rates is www.bankrate.com. You can find useful information and provides valuable insight for investment opportunities.
Information on investment mortgage loans can be found at various financial institutions. Many banks offer a wide range of mortgages and interest rates for investment properties.
Since interest is a percentage of base principle times time - one must look at the reversing the process of removing the principle base and time to calculate what the base interest rate. Where this gets more complex if there is deferred interest into play and this pending some loan agreements interest is also applied to the deferred interest with an additional higher added on penalty fee. For this reason highly recommend reading full terms of loan agreements where deferrals agreements are very likely risk into deepening risk for the consumer. One must usually gain the original loan or investment agreement: interest rate and payment or modification history on a given investment. If an investment agreement also detail history as some investments offer a cash-out emergency loan that may be required . One example is some life insurance policies one may borrow against as a loan for emergency funds until the policy reaches maturity.
441