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How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in year?
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∙ 13y ago
2500
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∙ 13y ago
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How much money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 dollars of yearly interest?
To find 8% of an amount we multiply by 0.08 So we have an amount $x: $x x 0.08 = $250 Rearranging gives $x = 250/1.08 = $3125
How much money should be invest at ann annual rate of 12 percent in order to earn 300 interest in a year?
2,500
What does '10 percent Annual Equivalent Rate' mean?
Annual Equivalent Rate - AERInterest that is calculated under the assumption that any interest paid is combined with the original balance and the next interest payment will be based on the slightly higher account balance. Overall, this means that interest can be compounded several times in a year depending on the number of times that interest payments are made.In the United Kingdom, the amount of interest received from savings accounts is listed in AER form.Calculated as:Where:n = number of times a year that interest is paidr = gross interest rateInvestopedia Says:For example, a savings account with a quoted interest rate of 10% that pays interest quarterly would have an annual equivalent rate of 10.38%. Investors should be aware that the annual equivalent rate will typically be higher than the actual annual rate calculated without compounding.Above retrieved from Answers.comViper1
How huch money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in a year?
2500
How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 dollars of yearly interest?
To find 8% of an amount we multiply by 0.08 So we have an amount $x: $x x 0.08 = $250 Rearranging gives $x = 250/1.08 = $3125
How much money should be invest at ann annual rate of 12 percent in order to earn 300 interest in a year?
2,500
How much interest would be paid on 75000 at 0.65 percent?
if .65 is annual rate.. and you are calculating annual interest.. then 75000*.65/100 = 487.5 annual intrest just make sure the interest rate and period should be same. for example you need to calculate monthly intrest from above equation then u have to divide your answer by 12 487.5/12 = 40.625 monthly intrest
What does '10 percent Annual Equivalent Rate' mean?
Annual Equivalent Rate - AERInterest that is calculated under the assumption that any interest paid is combined with the original balance and the next interest payment will be based on the slightly higher account balance. Overall, this means that interest can be compounded several times in a year depending on the number of times that interest payments are made.In the United Kingdom, the amount of interest received from savings accounts is listed in AER form.Calculated as:Where:n = number of times a year that interest is paidr = gross interest rateInvestopedia Says:For example, a savings account with a quoted interest rate of 10% that pays interest quarterly would have an annual equivalent rate of 10.38%. Investors should be aware that the annual equivalent rate will typically be higher than the actual annual rate calculated without compounding.Above retrieved from Answers.comViper1
When finding the APR why is the total of payments and the annual interest rate multiplied by 2?
It is not - or at least, it should not be.
What should you do first when calculating simple interest?
change the percent to a decimal
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
How much money should be invested at 14 percent compounded quarterly to yield 12000 at the end of 7 years?
4795.65 (approx).
