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You want to invest annualy for 30 years and earn interest for an additional 5 years to end up with 2000000 dollars at the end of 35 years so what is your annual payment?
Tkulczyski
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.
Wiki User
∙ 14y ago
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What is the future value of 80000000 dollars with 5 percent interest in 30 years?
200000000 dollars
What is the future value of 10000 dollars with 5 percent interest in 20 years?
V = 10000*(1.05)20 = 26532.98 dollars
Why is compound interest better than simple interest?
Compound interest is better than simple (or "nominal") interest because compound interest allows you to add your accumulated interest back to your total every given term (i.e. each day, each week, each month, quarterly, annually, etc.), thus increasing the amount of money you are earning interest on.Example:Say you deposit 100 dollars for 2 years at 10% per year in 2 banks, one which does not compound your interest (Bank A), and one that compounds annually (Bank B).Bank A:After 1 year: 100 x 1.10 (1.10 = your amount + 10%) = 110After 2 years: 100 x 1.20 (1.20 = your amount +10% x 2) = 120Bank B:After 1 year: 100 x 1.10 = 110but then instead of using 100 again, you add the additional 10 back into your total and collect interest on 110 dollars in year two.So:After 2 years: 110 x 1.10 (1.10 = your amount + 10%) = 121
What is the future value of 1000 dollars in 4 years at interest rate of 5 percent compounded semiannually?
1000 x (1.025)8 which is $1218.40.
If 1500 dollars is invested at an interest rate of 3 point 5 percent per year compounded continuously find the value of the investment after 3 6 and 18 years.?
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
What is 4 percent of 2000000 dollars?
4% of $2,000,000 = 4% * 2000000 = 0.04 * 2000000 = $80,000.00
What is 10 percent of 2 million dollars?
$20000010% of $2000000= 10% * $2000000= 0.10 * $2000000= $200000
How much is 2000000 won in dollars?
$1,987.68
What are the benefits of a coroner?
The benefits of a coroner is $1.5 million dollars annualy
What is 85 percent of 2 million dollars?
85% of $2,000,000= 85% * 2000000= 0.85 * 2000000= $1,700,000
How much is 2000000 kronor worth in us dollars?
286488.21 us dollars
What do you understand by interest?
Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".
If you make 9 dollars an hour how much do you make a year if you work 40 hours a week?
17,280 dollars annualy
How to get ritch on sims pets 2?
well you have to get 2000000 dollars to get rich
50 thousand dollars in 1938 is how much in today's money?
2000000
How much money do gamers make?
make more than 1 million dollars annualy
How much money do professional gamers make?
make more than 1 million dollars annualy
