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It is called the rule of 72. You take the interest rate you will be receiving and divide that number into 72. the answer will be the number of years it will take you to double your money at that interest rate.
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Below is the formula for calculating the number of years it takes for a population to double This formula uses the percent annual population growth rate or r If a country has an annual population g?
34 years 41 years
Formula for population growth without limits?
The formula for population growth is based on the formula for interest. The formula is Final Population is equal to Initial Population multiplied by e raised to the power of the product of the rate of growth multiplied by the time of growth, or P(f) = P(o) * e ^ (rt).
What are the four pieces to an annuity present value?
The four pieces to an annuity present value are: Present value(PV), Cashflow (C), Discount rate (r) and the life of the annuity (t)
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
What is an annuity rate and whats mine?
An annuity rate is basically the rate at which you will pay a fixed amount to someone, usually when referring to insurance. In order to know your own rate, you will need to check the contract you signed, or at least call the company or person you are paying.
What is the formula for finding the future value of a growing annuity?
FV of growing annuity = P * ((1+r)^n - (1+g)^n) / (r-g) P=initial payment r=discount rate or interest rate g=growth rate n=number of periods ^=raised to the power of NB: This formula breaks when r=g due to division by 0. When r=g, use P * n * (1+r)^(n-1)
Deferred annuity formula?
Deferred annuity is a type of contract that allows the delay of payments until the investor chooses to receive them. To calculate the deferred annuity you, divide the future amount by (1+rate of return)^the length of the term.
How do you use an annuity value calculator?
You use an annuity value calculator by inserting the starting principle amount, then enter the growth rate (in %), and then enter the number of years you are looking into then hit calculate.
What are the formula of how to measure growth in a company?
The formula to measure growth is a company is simple. The annual percentage growth rate is the percentage of growth divided by the number of years.
Will you earn a higher interest rate with a variable annuity than with a fixed annuity?
Yes, you do earn a higher interest rate with a variable annuity than with a fixed annuity. It depends on what kind of interest rate you have at the moment.
What is Exponential growth phase of microbial growth?
When the bacteria double at a constant rate
Population growth rate definition?
Population growth rate is the rate at which populations change in size over time as a fraction of the initial population. The formula used to measure growth rate is (birth rate + immigration) - (death rate + emigration).
Is a fixed index annuity good for older persons.?
Yes. A Fixed Index Deferred Annuity offers the senior; [1] a fixed guaranteed interest rate annually, [2] additional growth potential with index market growth, [3] are tax deferred allowing the entire amount of principle and gains to snowball and increase total equity growth. [4] has zero risk to principle or gains. The key word in an annuity is "variable". A variable annuity is at risk of loss of all gains and sometimes principle. Avoid any annuity with the word "variable".
If the current average rate of growth your GDP is all set to double every how many years?
It depends on what the original rate of growth is.
If a population has a growth rate of 2.5 percent how long will it take to double?
27.6 yearst = 0.69 / r where r is the growth rate
Do annuity rates remain steady or are they variable?
This actually depends on the annuity. A "fixed" annuity always gets you the same rate, while the rate of a "variable" annuity is indexed to some other rate, usually the federal prime rate. Rates are variable over the long term. It is possible to lock a steady rate in but it costs more to do so.
How do you calculate double time?
divide your growth rate by 70
