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What annual rate of interest is required to triple an investment in 12 years?
If it is compounded annually, then: F = P*(1 + i)^t {F is final value, P is present value, and i is interest rate, t is time}.So if it triples, F/P = 3, and 12 years: t = 12, so we have 3 = (1 + i)^12, solve for i using logarithms (any base log will do, but I'll use base 10):log(3) = log((1+i)^12) = 12*log(1+i)(log(3))/12 = log(1+i).Now take 10 raised to both sides: 10^((log(3))/12) = 10^log(1+i) = 1 + ii = 10^((log(3))/12) - 1 = 0.095873So a rate of 9.5873 % (compounded annually) will triple the investment in 12 years.
If John invests 2300 in a savings account with a 6 percent interest rate compounded annually how long will it take until John's account has a balance of 4150?
Use Compound interest formula I(n) =I(o)[1 + r/100]^n Where I(n) is final amount (4150) I(o) is initial amount (2300) r is rate percent = 6% n is the number of years. ( to be found) Substitute 4150 = 2300 [ 1 + 6/100]^n 4150 = 2300 [ 1.06]^n 1.06^n = 4150/2300 1.06^n = 1.804347826 Take logs to base '10' ( 'log' on the calculator) . log 1.06^n = log 1.804347826 nlog1.06 = log 1.804347826 n(0.025305865 =0.25632026 n = 0.25632026 / 0.025305865 n = 10.12888743 yrs. n ~ 10.125 = 10 1/8 yrs.
What is present value of 500 three years today at 5 percent interest compound annually?
If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125
What is the superlative of final?
most final
What is the final position on the number line?
It is infinity
What is For an investment of 20 000 at 7.2a compounded semi-annually for 7 years what is the final amount.?
It is 52936.72
You have a savings account that provides 5% interest, compounded annually, on your total balance. You put $1000 in the account 10 years ago but forgot about it (you haven’t added more money and you haven’t withdrawn money)?
The final amount is $1,647.01
What is the proforma for final accounts?
Trial balance
What is the major difference between unadjusted trial balance and trial balance?
unadjusted will not have your final entries for that period. some of those entries may be accrued revenues or expenses, depreciation, and balancing entries. the adjusted balance is your final balance after all adjustments are made.
Where you show unclaimed dividend in final accounts if it is only in the trial balance?
balance sheet current liabilites
What are the final statements of the business?
final statements are trading account,profit and loss account,balance sheet.
Smart and Final Inc200.00 smart cash card?
Smart and Final cash card is the same as using cash. It's got a balance on it and you can use it to make purchases until the balance runs out. It must be used at Smart and Final stores.
What factors may influence the grey balance and colour in the final result?
the final result influence the grey colour
Is trial balance prepared before preparation of final accounts?
yes
Find the final amount for the investment 750 at 10 percent interest compounded quarterly for 10 years?
750 invested for 10 years at 10% pa would be 1,945
What If the accounts payable account balance has increased on the trial balance sheet?
If the balance of accounts payable has increased on the final balance sheet, it means that the company has more creditors to pay and might be struggling with its finances.
How long would it take to double 2000 at 6 percent interest rate compounded annually?
Using the compound interest formula A = P(1 + r/n)^(nt), where A is the final amount, P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, we can solve for t when A = 4000, P = 2000, r = 0.06, and n = 1. Plugging these values in, we get: 4000 = 2000(1 + 0.06/1)^(1t) 2 = (1 + 0.06/1)^(1t) 2 = (1.06)^t Taking the logarithm of both sides, we can solve for t: log 2 = t log 1.06 t = log 2 / log 1.06 Using a calculator, we find that t is approximately 11.90. Therefore, it would take approximately 12 years to double the initial amount of 2000 at a 6 percent interest rate compounded annually.
