6% of $100,000 yields $6,000/yr, or $500/mnth
1million dollars
8333
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
60,000
Interest = 2472
8333
The saver lost interest in the investment once the interest rate fell to 0.5 percent.
He pays $696.50 interest.
The annual interest is 150 Add this to your originial investment and you have 1,150
$2400
1000 x (1.01)12 = $1126.83
You would get 4200 Dollars if you go by that.
investment advice
162 dollars
250.00.
2000
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .