Q: What initial value sums 808 at a 2 percent annual rate in 6?

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$14,693.28

With only one year the value is 11600

The answer depends on what information is provided.If you have initial value (Y0), final value (Yn) and number of years (n) then the annual percentage rate is 100*[(yn/y0)^(1/n) - 1] where raising to the power 1/n is finding the nth root.

22.8 or 22.80

The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.

Related questions

800

800.03921 (5 d.p.) 800.03921 x 1.020.5 = 808

Annual Rate of Return Calculator Use this calculator to determine the annual return of a known initial amount, a stream of deposits, plus a known final future value.

The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42

An annual percentage rate is the average percentage change over a period of a year. The percentage change is the change divided by the initial value, expressed as a percentage.

$14,693.28

par value

With only one year the value is 11600

The answer depends on what information is provided.If you have initial value (Y0), final value (Yn) and number of years (n) then the annual percentage rate is 100*[(yn/y0)^(1/n) - 1] where raising to the power 1/n is finding the nth root.

The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.

22.8 or 22.80

22.8 or 22.80