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The annual interest is 150 Add this to your originial investment and you have 1,150
If you mean 5.8% annual interest rate compounded monthly, then (1000*.058)/12 = 4.83
It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay 1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
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An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: Consider a stated annual rate of 10%. Compounded yearly, this rate will turn $1000 into $1100. However, if compounding occurs monthly, $1000 would grow to $1104.70 by the end of the year, rendering an effective annual interest rate of 10.47%. Basically the effective annual rate is the annual rate of interest that accounts for the effect of compounding.
$6.66
The annual interest is 150 Add this to your originial investment and you have 1,150
If you mean 5.8% annual interest rate compounded monthly, then (1000*.058)/12 = 4.83
A ten-year bond pays 11 % interest on a $1000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity
It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay 1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.
$1480.24
>I=Prt > 300=1000(0.03)t > t=10 Time duration will be 10 years.