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If you only have 1500 to invest and the highest interest rate you can find is 3 percent compounded annually and you decide to wait 4 years to go on the trip how much money will you have to spend?
Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
Jon deposits 1000 in an account that pays 8 percent interest compounded annually How long will it take to double your money?
1). My money will never double. Let's talk about Jon's money instead. 2). It doesn't matter how much he deposits into the account. The time required for it to double is the same in any case. 3). At 8% interest compounded annually, the money is very very very nearly ... but not quite ... doubled at the end of 9 years. At the end of the 9th year, the original 1,000 has grown to 1,999.0046. If the same rate of growth were operating continuously, then technically, it would take another 2days 8hours 38minutes to hit 2,000. But it's not growing continuously; interest is only being paid once a year. So if Jon insists on waiting for literally double or better, then he has to wait until the end of the 10th year, and he'll collect 2,158.92 .
Maths starts at 10.25 and lasts for 45 minutes At what time does Maths finish?
Well, let's paint a happy little picture with numbers. If math starts at 10:25 and lasts for 45 minutes, we can add those together. When we add 10:25 and 45 minutes, we get 11:10. So, math finishes at 11:10. Just a happy little math problem, all solved!
Can you have an unlimited number of equivalent fractions for any given fraction?
Not only you can, but you must.Not only you can, but you must.Not only you can, but you must.Not only you can, but you must.
Average number of work weeks per year is?
i know that there are 48 - 50 working weeks per year.Correction (at least in Australia) - there are 52 working weeks per year.Standard industrial relation laws in Australia at least mandate that workers can enjoy 4 weeks paid annual leave per year taken either during periods set by the company or at their convenience, leaving most people working only 48 of the 52 working weeks.This is important to note due to salary calculations as annual salary relates to the full 52 working weeks per year. (ie: If you get paid a total salary of $52,000 per year your hourly rate would be $52,000 / 52 weeks = $1,000 per week / 38 hours per week = $26.32 per hour)
What are the names of trees that live for a year?
Theoretically, anything that only lasts for a year is considered an annual. Depending where you are located on the heat zone map (where you live), will depend if a plant is Hardy in your zone. I hope this answered your question.
Would you please demonstrate a sentence using the word 'annually'?
The castle staff will be paid once a year, that is, annually. What is your income, annually? The earth revolves around the Sun once annually. When I was employed at the castle, I was only paid once annually.
Which term describes the annual layers of sediment deposited in lakes and fjords by meltwater from glaciers?
Varve is the term used to describe the annual layers of sediment deposited in lakes and fjords by meltwater from glaciers. It consists of alternating layers of coarse and fine sediments that represent seasonal variations in glacier activity.
How long does travelers insurance last?
Traveler's insurance only lasts for the specific dates and amount of time originally requested. The exception is if one have a multi trip annual policy that allows for unlimited trips during the year.
Tanya deposited 325.00 in a bank that pays 7 annual interest how much interest will she earn after a year?
About 23 cents if and only if the minimum balance remains at that amount for 1 year and the bank pays compound interest annually.
Does average salary mean annually or monthly?
Annually.. It only means monthly if it specifically says," average monthly salary".
What are 2 facts about bronchitis?
it lasts only for a short term
How long is the women's marathon in the olympics?
5 meters, if it only lasts 5 seconds. 800 meters, if it lasts at least 2.5 hrs.
Is it true hurricane usually only last a few minutes?
No. A hurricane lasts for days if not weeks. It is a tornado that usually lasts a few minutes.
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
An employer is required to file only an annual tax report on the employer?
Is an employ required to file only an annual tax report on an employer?
What is interim dividend entry?
An interim dividend of a company is what is paid annually out of profits that can only be paid after the determination of the yearÃ?s full earnings. These dividends are distributed to the companyÃ?s common stock shareholders on either a quarterly or semi-annual basis. The companyÃ?s Board of Directors have the ability to lower the amount that is issued following the release of the companyÃ?s annual report so there is no damage to the companyÃ?s annual results if the turn out are lower than expected.
