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Which is the better investment 8.5 percent compounded monthly or 9.1 percent compounded annually?
Wiki User
∙ 13y ago
Answer: 9.1%
At 8.5% principal grows by (1+(.085/12))^12 = 1.0884 times in one year which is less than investing at 9.1%.
Wiki User
∙ 13y ago
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Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
How long does an investment earning 9 percent take to double in value?
8.0432 years (rounded) if compounded annually.
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
What is the nominal rate of interest per annum compounded monthly equvalent to effective interest rate of 12.60 percent per annum?
0.9938% per month, when compounded is equivalent to 12.6% annually.
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
What will 10000 be worth in 30 years at 5 percent?
compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
What is the effective annual return for an investment that pays 10 percent compounded annually?
It might just be 10%.
How long does an investment earning 9 percent take to double in value?
8.0432 years (rounded) if compounded annually.
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
Is a monthly loss of 10 percent a loss of 120 percent annually?
No. The loss would normally be compounded so it would amount to 71.8%
How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
How many years will it take for an investment to double if the interest rate is 8 percent per year compounded annually?
11 years
A loan at 6 percent interest over 5 years What is the total output?
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
