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Why is simple interest useful for planning parts of your financial future?
Wiki User
∙ 9y ago
This is a more accurate way to figure out how much you will be paying for a decision. The price will go up in the long run to including this information is helpful.
Wiki User
∙ 9y ago
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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 future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
How do you find the simple interest of a bank account?
The formula for simple interest is FV = PV * (1 + t*i) Where FV = Future Value PV = Present Value t = time i = interest rate As an example, suppose you have $100 now, the interest rate is 5%, and the time is 4 years. The future value is then FV = $100 * (1 + (4)*(0.05)) = $100 * (1 + 0.2) = $100 * 1.2 = $120 After four years, you will have $120.
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
What are some Excel formulas that you might use or need if you were a financial planner?
Future value Present value Compound or simple interest Amortization/Depreciation
How does a financial advisor use simple interest in their job?
you know they use stuff..
Where can you find information about simple interest loan calculators?
Almost all financial and lending institutions have free simple interest loan calculators on their webites. Chase and Bank of America are two companies that make this available.
How can Financial managers can predict future interest rates?
The professional advice on attempting to predict interest rates is simple - don't. However, carefully watching developments in the economy as a whole, and reading to the releases issued by central banks can give the careful manager an idea, but they must always assume that they will probably be wrong.
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.
Trusts and Estates: Estates and Executory Interests?
Becoming knowledgeable about estate planning can help anyone. Whether one is a client or attorney, estate planning is a complex field and getting one term wrong can be a mistake worth millions of dollars. It is incredibly important to learn all one can about the business of estate planning and apply that knowledge to one’s own situation. It is important to thoroughly understand executory interests within the field of estate planning. An executory interest is a future interest that follows a determinable estate. An executory interest is a future interest in a grantee, not the grantor. When a future interest follows a determinable estate and is in the grantor, then that is called a possibility of reverter. When estate planning, clients often want to add more than one future interest to an estate. This is not a difficult task to do, even though it may seem like it could become a complex ordeal. One usually treats this sort of situation with the same analysis that goes into creating ordinary estates. It is very beneficial to understand the difference between shifting executory interests and springing executory interests. To start with definitions, shifting executory interests are defined as interests that follow an estate in a grantee. Springing executory interests divest an estate in the grantor. An example of a shifting executory interest can be found in the following language: A to B, provided that if B ever allows (xyz to occur), then to C. In this example, we can see many things going on. First, B has a possessory estate in fee simple. Recall that a fee simple is a type of possessory estate that has no inherent ending and is the largest type of possessory estate. Next, it can be seen that B’s fee simple is subject to an executory limitation. Because B’s fee simple is subject to an executory limitation, C’s future interest is an executory interest. Since the interest would divest B as a grantee, then it is a shifting executory interest. Now it is important to consider a springing executory interest. A springing executory interest always divests the grantor, not the grantee. An example of a springing executory interest can be found in the following language: A to B when he turns 21. In this case, A has a possessory estate in fee simple. The executory interest can be found in B. Overall, these concepts are important to know for creating precise estate plans with executory interests.
What is the future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
Where can I look for advice on simple IRAs?
You can seek advice on Simple IRAs from financial advisors, retirement planning experts, online resources such as the IRS website, or from financial institutions that offer retirement account services. It's important to carefully research and understand the rules and guidelines surrounding Simple IRAs before making any decisions.
Marcy is planning to borrow 12500 with a simple interest rate of 5.2 percent for 4 years How much will she pay back to the bank?
15100
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
How do you find the simple interest of a bank account?
The formula for simple interest is FV = PV * (1 + t*i) Where FV = Future Value PV = Present Value t = time i = interest rate As an example, suppose you have $100 now, the interest rate is 5%, and the time is 4 years. The future value is then FV = $100 * (1 + (4)*(0.05)) = $100 * (1 + 0.2) = $100 * 1.2 = $120 After four years, you will have $120.
