It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
150% of 4= 150% * 4= 1.5 * 4= 6
0.06% = 0.0006 = 6/10000 or 3/5000 in fraction
It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
5000 x (1.03)10 = $6719.58
6% of 5000= 6% * 5000= 0.06 * 5000= 300
5000 x (1.06)5 = 5000 x 1.338 = 6691.13
6 yrs @ 10% = 60% = 3000
what is present value of a single payment of 24,000 at 6 percent for 12 years
300. 1 percent of 5,000 = 50. 50 X 6 = 300
5000 x 0.06 = 300 300 x 10 = 3000
20 YEARS
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
150% of 4= 150% * 4= 1.5 * 4= 6