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What would be the value of 150 after eight years if you earn 12 percent interest per year?
To calculate the future value of $150 after eight years with an annual interest rate of 12%, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( P ) is the principal amount, ( r ) is the interest rate, and ( n ) is the number of years. Plugging in the values, ( A = 150(1 + 0.12)^8 ). This results in approximately ( A = 150(2.478) ), which equals about $371.70.
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What is the future value of 10000 dollars with 3.78 percent interest in 2 years?
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
What is an example of an inexpensive loan and a medium price loan and a expensive loan?
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
What would the daily interest be on 36 million pounds when the banks interest rate is 3.15 percent AER?
310,685
How much interest would 700.00 have gotten if in bank since may 2002?
The interest on 700.00 since 2002 would really depend on what the percentage of the bank is. If interest was 10 percent you would have $2196.90.
How much interest would you earn per year on one million dollars with a 4 percent interest rate?
5 million
What is the future value of 10000 dollars with 3.78 percent interest in 2 years?
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
What would the value of 100 after 10 years if you earn 11 percent interest per year?
With compounded interest, it would be 100*(1 + 11/100)10 = 283.94
How much money would you have if you saved 50 a week for forty-eight years at 6 percent interest?
over $700,000
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 years.
How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
The annual nominal rate of interest on a bank certificate of deposit is 12 percent what would be the effect of an inflation rate of 13 percent?
The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.
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
Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or 10 percent?
A dollar tomorrow would be worth more to you today when the interest rate is 10 percent compared to 20 percent. This is because a lower interest rate results in a smaller discounting effect, making the present value of that future dollar higher. At 10 percent, the future value is discounted less, meaning it retains more of its worth in today's terms. Conversely, at 20 percent, the dollar's present value decreases more significantly, making it less valuable today.
How much would 125 invested at 8 percent annual interest compounded continuously be worth after 16 years?
It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67
What would be the value of 100 after 10 years if you earn 11 percent interest per year?
Using the formula P x [ 1 plus r x t],where 'P' is the principal or 100 , 'r 'is the rate or 11 percent, and 't' is the time or 10 years, the value would be 210 dollars. This formula is for simple interest.
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
