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When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.

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What information can be found in the interest table?

The interest table provides information about how much interest is earned or paid on a loan or investment over time, based on the principal amount and the interest rate.


How can I use the 30/360 interest calculator in Excel to determine the total interest accrued on a loan or investment?

To use the 30/360 interest calculator in Excel, you can input the loan amount, interest rate, and the number of days to calculate the total interest accrued. Excel will automatically calculate the interest based on a 30-day month and a 360-day year, providing you with the total interest amount on the loan or investment.


How can one find the annuity payment for a given investment?

To find the annuity payment for a given investment, you can use the formula: annuity payment investment amount / present value factor. The present value factor is calculated based on the interest rate and the number of periods the investment will last.


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The amount of interest you would earn on 122 million pounds will usually vary between 1 and 5 percent. The actual amount varies greatly based on the type of investment and their returns.


How are annuity payments calculated?

Annuity payments are calculated based on factors such as the initial investment amount, interest rate, and length of the annuity. The formula typically used is based on the present value of the annuity formula, which takes into account these factors to determine the regular payment amount.


What amount of money in a checking or a savings account upon which interest is based?

The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.


What does FV stand for in Excel?

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What is pv in excell?

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At a bank to receive interest is a minimum balance required?

If an account is interest based then any amount is fine


How much interest will you earn on 10 million dollars?

The amount of interest you earn on 10 million dollars varies greatly based on the type of investment being made. High return investments can yield over 10% while safer options are around 2 or 3%.


What is a broad-based tax?

It means it applies to a greater amount of the populace, and does not discriminate against a certain group


When used on a copper-based cable a continuity tester applies a small amount of what to each conductor?

voltage