That's going to depend on the compounding interval.
As a first shot:
-- If interest is paid annually, and you take it as soon as it's paid and leave only
the original $1.2 million in the investment, then you're skimming away
0.02 x $1,200,000 = $24,000 each year, for a total of $240,000 in ten years.
With the same annual interest payment, if you leave the interest in the account
until the end of the 10-year period, then at the end of 10 years, the account
is worth
$1,200,000 x (1.02)10 = $1,462,793.30, for a total profit of $262,793.30 .
Compared to taking the interest at the end of every year, your profit is
about 9.5% more overall if you let the interest stay there and work for
you until the end of the 10 years.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Well, isn't that a happy little math problem! To find 30 percent of 3.6 million, you simply multiply 3.6 million by 0.30. That gives you 1.08 million, which is 30 percent of 3.6 million. Just imagine all the wonderful things you could do with that amount of money!
2.5% = 0.0250.025 x 25 million = 625,000
If interest money will be added to to invested money each year, the result will be 15000x(1+0.05)^10=24,433.42 (rounded) If interest money will not be added to to invested money, the result will be 15000x(1+0.05x10)=22,500
$35144.44
the remainders of money after a companies revenue is deducted
20.05
Rate of interest.
i have to know the money and time
A 0 percent purchase credit card allows you to make purchases without paying interest for a certain period of time, typically ranging from 6 to 18 months. This can help you save money by avoiding interest charges on your purchases during the promotional period. It can be beneficial for managing large purchases or consolidating debt, as long as you pay off the balance before the promotional period ends to avoid high interest rates.
120,000
First find out what the interest rate is from the money lender or deposit taker.
$2,500 is your answer
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
It depends on the interest rate and what sort of savings you put the money into.
This depends on whether the interest paid is "simple" or "compounded". If the interest is simple, the answer is 350[1 + 28(0.06)] = 938, if the 6 percent rate is considered exact. If the interest is compounded, the answer is: 350(1 + 0.06)28, or about 1,789.09, if the interest rate is considered exact. Both answers assume no withdrawals from the bank during the 28 year period and that the bank can pay its debts.
Two percent of one million naira is calculated by multiplying one million by 0.02. This results in 20,000 naira. Therefore, 2 percent of one million naira is 20,000 naira.