Answer: 9.1%
At 8.5% principal grows by (1+(.085/12))^12 = 1.0884 times in one year which is less than investing at 9.1%.
Only if the 1% per month is compounded annually and not monthly.
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
8.0432 years (rounded) if compounded annually.
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
0.9938% per month, when compounded is equivalent to 12.6% annually.
Only if the 1% per month is compounded annually and not monthly.
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812
Compounded annually: 2552.56 Compounded monthly: 2566.72
It might just be 10%.
8.0432 years (rounded) if compounded annually.
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
No. The loss would normally be compounded so it would amount to 71.8%
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
Interest = 2472
11 years
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.