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Mike needs help in choosing whether he should invest 650 at 4.9 percent for one year or 500 at 5.0 percent interest for one year What is the difference in the amount of interest Mike could earn betwee?
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∙ 14y ago
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∙ 14y ago
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What is the percent between 15 and 10.5?
That depends on whether you are asking what percentage 15 is of 10.5, what percent 10.5 is of 15, what percent of 15 is the difference between the two, or what percent 10.5 is of the difference, etc.
What is the future value of 210000 with 4 percent interest in 8 years?
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
You deposit 1200 dollars a year at 4 percent interest what is your balance at the end of 30 years?
That depends on whether it's simple interest or compound interest.If compound, then it also depends on how often interest is compounded.Examples:$1,200 at 4% simple interest for 30 years adds up to $2,640.$1,200 at 4% interest compounded quarterly for 30 years adds up to $3,960.46.You can see that it does make a difference.
What is the difference between simple interest and compound interest is one better than the other why or why not?
With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods. As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!
What is the accumalation of 250million PER YEAR if the interest is 1 percent?
1 percent of 250 million is 2.5 million .The accumulation per year depends on whether it's simple, annual interest,or whether it's compounded at some interval during the year.You also need to know whether it's going to be compounded after the first year,because if it is, then you head into the second year owing 252.5 million, not 250.
What is Mike needs help in choosing whether he should invest 650 at 4.9 percent for one year or 500 at 5.0 percent interest for one year What is the difference in the amount of interest Mike could ear?
Interest on 650 @ 4.9% = 650*4.9/100 = 31.85 Interest on 500 @ 5.0% = 500*5.0/100 = 25.00 So the 650 at 4.9% is clearly better.
What is 7.4 percent compound interest on 500.00?
The interest for 1 year is 37.00, whether it is simple or compound interest.
What is the percent between 15 and 10.5?
That depends on whether you are asking what percentage 15 is of 10.5, what percent 10.5 is of 15, what percent of 15 is the difference between the two, or what percent 10.5 is of the difference, etc.
What is the interest on a 1750000 deposit at 9.5 percent rate a year?
It depends whether the interest is compound or not. However, if the interest is credited at the end of the first year, you would have 166250 interest at 9.5%
A career that allows you to express yourself?
One must pursue a career of his or her interest. Choosing a career of your interest will automatically make you express yourself, whether it is painting, music, doctor or anything.
What is the future value of 210000 with 4 percent interest in 8 years?
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
What is the difference between interest coverage ratio and debt coverage ratio?
Interest coverage ratio, is net operating income + accrual/ interest That is whether the company can cater for the interest portion.
What is the good interest rate on an mortgage loan is what percent?
The answer depends on whether you are the lender or the borrower and also in the country that you get the mortgage in.
You deposit 1200 dollars a year at 4 percent interest what is your balance at the end of 30 years?
That depends on whether it's simple interest or compound interest.If compound, then it also depends on how often interest is compounded.Examples:$1,200 at 4% simple interest for 30 years adds up to $2,640.$1,200 at 4% interest compounded quarterly for 30 years adds up to $3,960.46.You can see that it does make a difference.
What interest rate does Capital One charge?
Capital one interest rates vary according to the type of card offered. Interest rates range from 10.9 to 24.9 percent depending on whether the card is Classic, Platinum, or Prestige.
What is the difference between simple interest and compound interest is one better than the other why or why not?
With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods. As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!
What is the accumalation of 250million PER YEAR if the interest is 1 percent?
1 percent of 250 million is 2.5 million .The accumulation per year depends on whether it's simple, annual interest,or whether it's compounded at some interval during the year.You also need to know whether it's going to be compounded after the first year,because if it is, then you head into the second year owing 252.5 million, not 250.
