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How many years will it take for 5000 at four percent interest to grow to 1000000?
Wiki User
∙ 16y ago
133 Years $5,000 invested at 4% interest compounded annually, where interest earned is reinvested, will have grown to $1,000,000 in 135 years (133 years, as stated above, with monthly compounding). Will whomever inherits this money 135 years from now be as wealthy, in terms of buying power, as is a millionaire today? Probably nothing like it. Monetary inflation (an increase in the money supply, which dilutes the value of money) offsets gains. Its effect is insidious. There have been many years recently with an inflation rate of 4% or above. So guess what? $5,000 invested for 135 years or 50 years or any length of time where the inflation rate equals the interest rate will never have more than $5,000 in buying power, regardless of the digits after the dollar sign. In fact, with an inflation rate of only 1%, the time it takes for $5,000 to grow to a million dollars in buying power extends to 182 years.
Wiki User
∙ 16y ago
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What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
5000 at 6 percent for 4 years?
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
What cost per month for 5000 at 2.9 percent interest for 2 years?
$214.68
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
What is 50 percent of 1 percent of 1million dollars?
0.5 x 0.01 x 1000000 = $5000
5000 at 5 percent compound interest 3 years?
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12
How much will you have in 10 years if you deposit 5000 today and earn 8 percent annual interest?
10795
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
How many 5000 make 1000000?
5000 x 200 = 1000000
What would be the simple interest if the compound interest on the same sum for 2 years at 4 percent be Rs 408?
Interest = Rs 408 so capital = 5000. So the simple interest would be 5000*4/100*2 = Rs 400.
What is 5 percent interest on 5000 dollars?
250.00.
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
