7,398,000
The total interest would be 73606.07 dollars, approx.
You need to invest 42027.98
6084
6947.91 will be sufficient.
That's going to depend on all of the following: -- what interest rate you can find -- how often the interest on the investment is compounded -- how you take your 40,000 annually ... how much and how often during the year. You haven't included any of that information in the question, so no answer is possible.
The total interest would be 73606.07 dollars, approx.
You need to invest 42027.98
1050*5/100
You cannot, even in a good economy. Today you might make 5 percent per year. In the good times, you might make 20 percent per year. But, never, 30 percent per month.
6084
10 percent.
2532
As of today, there was no one set interest rate in 1968. On a CD, the interest rate averaged between 5.53 percent and 6.39 percent in 1968. The 2013 rates on CDs are only 1.0 - 1.5 percent.
1 million pounds, go buy a bentley
6947.91 will be sufficient.
Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.
If you invest $1,000 today in a security paying 8 percent compounded quarterly, how much will the investment be worth seven years from today?