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What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
How many years will it take for an initial investment of 19000 to grow to 38500 Assume a rate of interest of 13 percent compounded daily?
13% daily is worse than any loan shark!Suppose it takes n days, then38500 = 19000*(1 + 13/100)n= 19000*(1.13)nSo 38500/19000 = 1.13nln(38500/19000) = n*ln(1.13)so that n = ln(38500/19000) / ln(1.13) = 5.78So 6 days.
What is the future value of 100 after 5 years under 12 percent if compounded annually semiannually quarterly monthly daily?
Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).
How many years is 100000 days?
274 years. If there are 365 days in a year, just divide 100000 by 365. The answer is 274 years.
What is 446 4 interest compounded daily for 176 days?
$454.69 for $8.69 of cumulative interest over 176 days.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
How the interest on savings account is calculated?
The interest on a business savings account is compounded daily using a 365-day year (366 days each leap year) and calculated on the collected balance.
How is the interest calculated on business savings accounts?
The interest on a business savings account is compounded daily using a 365-day year (366 days each leap year) and calculated on the collected balance.
How much money will 500 dollars accumulate over 20 years at 5 percent interest?
That depends on whether you are getting 5% simple interest, or compound interest, and how often it is compounded. Simple interest is very easy to calculate; you just multiply. $500 at 5% earns 5% of $500 every year, which is $25, so in 20 years the interest earned is 20 x $25 or $500, for a total of $1,000. But if you put the money in a savings account in a bank, you get compound interest. It can be compounded annually, semi-annually, quarterly, monthly, or daily. The more often it is compounded, the more you earn. Nowadays you can get daily interest, but that is kind of complicated because it depends on whether you figure the interest for every single day, 365 days a year and 366 in a leap year, or the traditional banking custom of 360 days a year. For example, if you compound annually, every year your balance is multiplied by 1.05, so after 20 years you would have 500 x 1.0520, which is $1.326.65 to the nearest cent.
Why is daily compounding important to investors?
Compounding describes how often the interest is added to the principal (the amount that is multiplied by the interest rate to determine the interest charged). to make it easier to see i will use an extremely large annual interest rate of 365% and $1,000,000 principal. if compounded every 4 days, after 4 days the new principal would be $1,040,000 but if compounded daily it adds 1% every day so first day would add $10,000 for $1,010,000 then the second day would add an additional $10,100 for $1,020,100 the 3rd day would add $10,201 totaling $1,030,301 the 4th day would add $10,303.01 total $1,040,604.01 so as you see in this simple example the daily compound gives more than 604 extra. and while in reality the interest would be closer to 3.65% that would be $6 and 4 cents extra for the four days. (on a million dollar loan)
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
Anika magerhans would like to borrow 2000.00 for 60 days the bank charges ordinary interest of 30.00 what is the interest rate charged?
Well assuming it is compounded monthly then the total interest rate charged will be 3.765%. The total interest paid will be $75.30. There will be two payments of $1037.65.
How many years will it take for an initial investment of 19000 to grow to 38500 Assume a rate of interest of 13 percent compounded daily?
13% daily is worse than any loan shark!Suppose it takes n days, then38500 = 19000*(1 + 13/100)n= 19000*(1.13)nSo 38500/19000 = 1.13nln(38500/19000) = n*ln(1.13)so that n = ln(38500/19000) / ln(1.13) = 5.78So 6 days.
What is the future value of 100 after 5 years under 12 percent if compounded annually semiannually quarterly monthly daily?
Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).
How many years is 100000 days?
274 years. If there are 365 days in a year, just divide 100000 by 365. The answer is 274 years.
