0
What will be the price of a 20000 USD car in 10 years if the inflation rate is 5 percent?
Wiki User
∙ 9y ago
It will be approx USD 32578.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
How long will it take to earn interest of 4000 if 20000 is invested in 10 percent?
Assuming that the 10 % stated is per year, the investment will earn 0.10 X 20000 = 2000 per year. The years required to earn 4000 will be 4000/2000 = 2.
What year will it be 20000 years from now?
22,011
What year was 20000 years ago?
Year 17990 BC.
What is the cost in 4 years time if the average cost for a new midsized car is about USD 31000 and new car prices tend to go up about 2 percent every year?
If the price increases by 2% each it will be 100 % of the old price + 2 % of the old price = 102 % of the old price each year percent means "out of 100" → 102 % = 102/100 = 102 ÷ 100 = 1.02 Thus to find the price next year, take the price this year and multiply it by 1.02 To find the price after 1 year, multiply the current price by 1.02 giving price after 1 year ≈ current price × 1.02 To find the price after 2 years, multiply the price after 1 year by 1.02, giving: price after 2 years ≈ price after 1 year × 1.02 = current price × 1.02 × 1.02 = current price × 1.02² To find the price after 3 years, multiply the price after 2 years by 1.02, giving: price after 3 years ≈ price after 2 years × 1.02 = current price × 1.02² × 1.02 = current price × 1.02³ From this it can be seen that the price after n years ≈ current price × 1.02ⁿ Thus for the car which starts at $31,000: price after n years ≈ $31,000 × 1.02ⁿ Therefore after 4 years the price will be approx 31,000 × 1.02⁴ ≈ $33,555
House price is 250000 with 4 percent inflation rate how much will the house cost in five years?
If price of House is Rs. 2,50,000.00 Inflation 4% annually. After 5 years, Price of house will be: Future value = Present value (1+ inflation rate) ^ years i.e., 2,50,000.00 * (1+0.04)^5 = Rs. 3,04,163.23
20000 with 6.5 percent for 5 years?
6.000
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
What is 20000 in 5 years with 7 percent interest compounded semiannually?
After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98
How much will a car be worth after 5 years if you buy it for 20000 and the value decreases by 10 percent year?
20000 - 20000(.10)(5) = $10000 **That is assuming there was no real damage done!
What is running inflation?
RUNNING INFLATION: "It refers to the situation where the price level rises very fast. In case, price level doubles up every 3 years. It is, generally, succeeded by galloping inflation"
How much will 180000 dollars be in 20 years with 9 percent interest and 4 percent inflation rate?
477,567
Table of inflation rate of India for last five years?
Inflation.eu is one of many sites that lists the inflation rates of India over the last 5 years. Since 2004, the inflation rate has risen and fallen, with a peak of 14.97 percent in 2009. The rate in 2013 was 9.13 percent.
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
