Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
x = amount of money invested at 5% y = amount of money invested at 4% x=2y .05x+.04y=350 .05(2y)+.04y=350 .1y+.04y=350 .14y=350 y=$2500 x=$5000
There is 936.76
p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100
principal
equity
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
Earning interest is when you receive money on top of the amount you originally invested or deposited. The interest is a percentage of the initial amount, and it is paid to you by the bank or institution where you have your money. The more money you have and the longer you keep it in the account, the more interest you can earn.
The money an investor receives above and beyond the money initially invested called return
Capital.
The money an investor receives above and beyond the money initially invested called return
Different amounts are required for different investments. Contacting a Scottish Widows agent would be the best way to find out the lowest amount of money that can be invested.
Capital
The amount of money invested in a Certificate of Deposit (CD) is typically much smaller than the amount of money used to purchase a home. A CD is a low-risk investment with a fixed return, while buying a home requires a significant amount of money for the down payment and mortgage payments.
don't know why you ask
Income is money coming in; it could be wages or capital gains, or interest on money invested. Interest is a percentage of money owed added to your bill when borrowing money, or the amount that you earn on money invested.