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Formula for calculating compound interest?
P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
Why there is a limiting value in continuous compounding?
In continuous compounding, the limiting value arises from the mathematical property of exponential functions, where the process of compounding occurs infinitely over a time period. As the number of compounding intervals increases without bound, the future value of an investment approaches a limit defined by the exponential function ( e^{rt} ), where ( r ) is the interest rate and ( t ) is time. This limit reflects the maximum growth achievable under continuous compounding, illustrating that as compounding becomes more frequent, the value converges to a specific growth trajectory determined by the rate of interest. Thus, the limiting value represents the ultimate potential of an investment when compounded continuously.
If Camon has a 21 percent annual interest rate what is his monthly interest rate?
1 3/4%
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.
How do you calculate interest rate of 1.05 on 350?
To calculate the interest amount at a rate of 1.05 on 350, you multiply the principal (350) by the interest rate (1.05). The calculation would be: ( 350 \times 1.05 = 367.5 ). This means that the total amount after applying the interest would be 367.5. The interest earned is 367.5 - 350 = 17.5.
What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?
I suspect that it will be 6.3!
What interest rate is required for an investment with continuously compounded interest to double in 8 years?
It is approx 8.66%
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
How long will it take for 5700 to grow to 34800 at an interest rate of 3.8 percent if the interest is compounded continuously?
48.51 years, approx.
What is the interest rate of 13.75 percent compounded monthly is equivalent to a daily compounded interest rate?
14.651
Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?
balls
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years Use the continuous compound interest formula: A = Pert?
10001/999900
If 1500 dollars is invested at an interest rate of 3 point 5 percent per year compounded continuously find the value of the investment after 3 6 and 18 years.?
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.
How much would 500 invested compounded continuously be worth after 3 years?
To calculate the future value of an investment compounded continuously, you can use the formula ( A = Pe^{rt} ), where ( A ) is the amount of money accumulated after time ( t ), ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate, and ( t ) is the time in years. Without a specific interest rate, I cannot provide an exact value. However, if you have an interest rate, you can plug it into the formula to find the future value after 3 years.
What is the effective annual rate of 14.9 percent compounded continuously?
It is 14.9 percent.
How do you calculate monthly interest rate on an annual interest rate?
If not compounded monthly, a monthly interest rate is simply 1/12 of the annual rate. Things do get complicated, though if the interest is compounded monthly. An annual interest rate of R% is equivalent to a monthly rate of 100*[(1 + R/100)^(1/12) - 1] %
