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.
200000000 dollars
V = 10000*(1.05)20 = 26532.98 dollars
Compound interest is better than simple (or "nominal") interest because compound interest allows you to add your accumulated interest back to your total every given term (i.e. each day, each week, each month, quarterly, annually, etc.), thus increasing the amount of money you are earning interest on.Example:Say you deposit 100 dollars for 2 years at 10% per year in 2 banks, one which does not compound your interest (Bank A), and one that compounds annually (Bank B).Bank A:After 1 year: 100 x 1.10 (1.10 = your amount + 10%) = 110After 2 years: 100 x 1.20 (1.20 = your amount +10% x 2) = 120Bank B:After 1 year: 100 x 1.10 = 110but then instead of using 100 again, you add the additional 10 back into your total and collect interest on 110 dollars in year two.So:After 2 years: 110 x 1.10 (1.10 = your amount + 10%) = 121
1000 x (1.025)8 which is $1218.40.
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
4% of $2,000,000 = 4% * 2000000 = 0.04 * 2000000 = $80,000.00
$20000010% of $2000000= 10% * $2000000= 0.10 * $2000000= $200000
$1,987.68
The benefits of a coroner is $1.5 million dollars annualy
85% of $2,000,000= 85% * 2000000= 0.85 * 2000000= $1,700,000
286488.21 us dollars
Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".
17,280 dollars annualy
well you have to get 2000000 dollars to get rich
2000000
make more than 1 million dollars annualy
make more than 1 million dollars annualy