a接踵而来 Following on somebody's heels [translate] aWhat is the effective annual rate (EAR) of 8% nominal annual compounded monthly, quarterly, semiannually, and annually? 什么是有效的年率(耳朵)的被配制的8%有名无实的年鉴月度,季刊,每半年和年年? [translate] ...
If $6000 is invested at 10% compounded monthly,what is the amount after 5 years?可不可以写下过程 相关知识点: 试题来源: 解析 翻译:如果6000美元以月息10%的方式投资5年,会剩下多少钱?由于银行不存在利滚利,所以我觉得就是 6000+6000*10%*12*5=42000.汗,很假,10%利息的确太高了点 反馈 收藏 ...
The Rule of 72 is another way to make quick estimates about compound interest. This method can give you a rough estimate of how long it will take to double your money by looking at the interest rate and the length of time you’ll earn that rate. Multiply the number of years by the i...
It is because instead of being paid monthly, the invested amount grows over twelve months. However, if you can get the same interest rate for monthly installments as you can for annual payments, go for it. How do you earn when interest is compounded monthly? Here are some of the finest ...
T is the number of years. Let's say your account balance is $10,000 and you don't deposit any more money into the account. 350 = 10,000 x .035 x 1 When you multiply the interest rate by the balance in a bank account, you come up with the basic interest rate. If the interest...
Answer to: What is the effective interest rate when the nominal interest rate of 10% is compounded semiannually; compounded quarterly; compounded...
Compound interest is when interest accrues on interest. It can make loans more expensive for borrowers, but it can also help savers earn more interest over time. For example, someone puts $5,000 into a savings account that has a 3% interest rate. If the account uses simple interest, it ...
What is the effective annual yield of 8.7 percent compounded continuously? Compute the rate of return for the following cash flow within 1%: a. year 0 -$250 b. year 1-10 +$54 If a project costs 140,000 and is expected to return 37,000 annually, how long does, it take to recover ...
interest is compoundedeach year. This could be annually, quarterly, monthly, or even daily, depending on your investment. The more frequently it’s compounded, the more interest you’ll accumulate. The last part, “t,” represents the number of years you’re keeping the money invested or ...
For this example, we assume you're making no monthly contributions or withdrawals and the interest is compounded daily. Using simple interestUsing compound interest Principal amount $6,194 $6,194 Savings after 5 years earning 1.21% interest $6,568.74 $6,580.30 Interest accumulated $374.74 $386.30...