Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
It was 2.86%.
The annual interest is 150 Add this to your originial investment and you have 1,150
34 years 41 years
It is not - or at least, it should not be.
Formula for the Payback Period. Payback period = Initial investment / Annual Cash inflows
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
Devon has a lil dick
That's where you get the " APR " on a loan, or the " yield " on an investment.
That completely depends on what rate of interest you can expect your investment to earn, and how often you can expect the investment interest to be compounded. The assumed rate of interest has more effect on the final value than even the annual payment has, yet the question ignores it completely.
"An annual payment is a payment made on a yearly basis."
when you get money
The sooner the money begins earning a return, the better.
Semi annual payment means payment done every half year or twice a year.
A fixed payment which is made annually is called an annuity.
Annual earnings rate on an investment.
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