Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
It was 2.86%.
The annual interest is 150 Add this to your originial investment and you have 1,150
It is not - or at least, it should not be.
34 years 41 years
Formula for the Payback Period. Payback period = Initial investment / Annual Cash inflows
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
Devon has a lil dick
That's where you get the " APR " on a loan, or the " yield " on an investment.
That completely depends on what rate of interest you can expect your investment to earn, and how often you can expect the investment interest to be compounded. The assumed rate of interest has more effect on the final value than even the annual payment has, yet the question ignores it completely.
"An annual payment is a payment made on a yearly basis."
The formula for calculating the future value of an investment with compound interest is FV = PV x (1 + r)^n, where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of periods. This formula helps determine how much an investment will grow over time.
The sooner the money begins earning a return, the better.
Semi annual payment means payment done every half year or twice a year.
when you get money
A fixed payment which is made annually is called an annuity.
The best definition for 72 is the number before 73 and after 71.