iEnter average annual inflation rate: % $230,629 Future Value $148,032 Future Value Inflation Adjusted $115,000 Total Deposits $115,629 Interest Earned If you start with$25,000in a savings account earning a7%interest rate, compoundedmonthly, and make a beginningmonthlycontribution of$500annually...
...reinvested in a separate savings account at a stated annual interest rate of 2% compounded...
Once the balance reached $1,000, the account earned 2.5% annual interest, compounded daily until the account was closed. No deposits or withdrawals were made. Was the total amount of interest earned at the 2% rate greater than the total amount earned at the 2.5% rate? The account earned...
Add 1 to the result from step 1. In our example, adding 1 to a daily rate of 0.00018 equals 1.00018. Step 3 Raise the result from step 2 to the 365th power, where 365 represents the number of times per year the interest is compounded. Continuing with our hypothetical rate, 1.00018 to...
A. The interest is calculated only once a year and added to the principal B. The interest is calculated monthly and added to the principal at the end of the year C. The interest is calculated daily and added to the principal at the end of the year D. The interest is not added to ...
If the amount P is invested at an annual interest rate of r percent ,compounded n times per year,the the value of the investment at the end of t years is given by the formulaanswer:V=P(1+r/100n)^(nt) 答案 意译一下:如果开始本金是P,年利率为r,每年计n次复利,则t年后的本金由下列...
If that rate is equal to an effective annual rate of 4.08%, then the bank is compounding interest A.daily B.quarterly C.semi-annually D.空 点击查看答案 第3题 The value in six years of $75,000 invested today at a stated annual interest rate of 7% compounded quarterly is closest to(...
What is the effective annual rate of interest of 2.1% compounded every three months? A 6.43% B 8.40% C 8.67% D 10.87% 考点 Chapter19Methodsofprojectappraisal 解析 (1.021)4 - 1 = 0.0867 = 8.67% 多做几道 A company uses a standard absorption costing system. Last month budgeted production ...
With 10%, thecontinuously compoundedeffective annual interest rate is 10.517%. The continuous rate is calculated by raising the number “e” (about 2.71828) to the power of the interest rate and subtracting one. In this example, it would be 2.71828(0.1)– 1.2 For industries that want to boa...
The compounded annual growth rate (CAGR) is one of the most accurate ways to calculate and determine returns for anything that can rise or fall in value over time. It measures a smoothed rate of return. Investors can compare the CAGR of two or more alternatives to evaluate how well one st...