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How much time will a 500 investment need to earn 100 in interest at a rate of 10 percent per year?
2 years. 10% of 500 is 50.
What approximate interest rate would an investor need to earn in order to double the value of an investment in six years?
Simple interest: 100/6 ie 16.67%
How much time will a 500 investment need to earn 1000 in interest at a rate of 10 percent per year?
If t is the period in years, then the value of the investment after t years satisfies the equation Y = 1000+500 = 500*(1+10/100)t So that t = ln(3)/ln(1.1) = 11.5 years.
What affects the future value of an investment more interest rate or time of investment?
That depends on the specifics of the details. For a long loan varying the time of investment might not make much difference since the proportion of the change is small while the interest rate will have a large impact. For a short loan varying the interest rate might not have time to have much impact while variations in the length might make a large impact (being bigger changes proportionally). The two depend on each other too much to have a general rule about which has a bigger impact, you need to first narrow your region of interest down to a general range of rates and times and then see which has a bigger impact in that region with some quick calculations.
Solve simple investment problems using the simple interest rate method?
Alright, listen up, honey. To solve simple investment problems using simple interest, you just need to multiply the principal amount by the interest rate and the time period. Add the interest to the principal, and voila, you've got your total amount. It's basic math, darling, nothing to lose sleep over.
How much time will a 500 investment need to earn 100 in interest at a rate of 10 percent per year?
2 years. 10% of 500 is 50.
How much interest do you need to earn in order to receive a 1099 form?
You typically need to earn at least 10 in interest in a year to receive a 1099 form.
What approximate interest rate would an investor need to earn in order to double the value of an investment in six years?
Simple interest: 100/6 ie 16.67%
How much credit cards do you need?
you dont need any credit cards you can live off cash and money you earn and not pay ridiculously to much in interest.
How much time will a 500 investment need to earn 1000 in interest at a rate of 10 percent per year?
If t is the period in years, then the value of the investment after t years satisfies the equation Y = 1000+500 = 500*(1+10/100)t So that t = ln(3)/ln(1.1) = 11.5 years.
How do you calculate the APR on an investment?
To calculate the APR on an investment, you need to consider the interest rate and any fees associated with the investment over a year. The APR takes into account both the interest rate and fees to give you a comprehensive view of the investment's annual cost.
Does interest apply to dormant savings accts?
No. Banks will offer interest only on active bank accounts. Dormant accounts are inactive and do not earn any interest. Customers need to keep their accounts active if they wish to earn an interest through their accounts
How to open CDs for investment purposes?
To open CDs for investment purposes, you can visit a bank or credit union and ask to speak with a representative about opening a CD account. You will need to provide identification and funds to deposit into the CD. The bank will then lock in your money for a set period of time, during which you will earn a fixed interest rate.
If the interest rate on a savings account is 0.02 approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single 9.99 Below-Minimum-Balance Fee?
5500
Why do you need to report interest paid or earned on life insurance?
Whole life insurance also has an investment component, so money made on the investment is taxed. If you have term insurance, then there is no interest earned, since it is strictly insurance.
What approximate interest rate would an investor need to earn in order to double the value of an investment you six years?
The sixth root of 2 (which can be calculated as 2 to the power (1/6)) is 1.1225. If you subtract one, you get 0.1225, so 12.25%.
How do you find the original investment when given the time and interest?
Not enough information. You also need to know: * The final amount of money * Whether simple or compound interest is known
