1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AveGali [126]
2 years ago
14

If you invested $250 at 16% how much will have after 4.5 years

Business
2 answers:
Iteru [2.4K]2 years ago
6 0

Answer:

$180

Explanation:

$250 * 0.16 * 4.5 = $180

ohaa [14]2 years ago
5 0

Answer:

it depends on how often it's compounded

yearly:

The final balance is $487.53.

The total compound interest is $237.53.

semi-annually:

The final balance is $499.75.

The total compound interest is $249.75.

quarterly:

The final balance is $506.45.

The total compound interest is $256.45.

bi-monthly:

The final balance is $508.79.

The total compound interest is $258.79.

monthly:

The final balance is $511.17.

The total compound interest is $261.17

bi-weekly:

The final balance is $512.48.

The total compound interest is $262.48.

weekly:

The final balance is $513.04.

The total compound interest is $263.04.

daily:

The final balance is $513.53.

The total compound interest is $263.53.

continuous:

The final balance is $513.61.

The total compound interest is $263.61.

Explanation:

hope this helps:)

You might be interested in
George bought a car for $26,500. he made no down-payment and financed the entire amount on a 5-year term with a monthly payment
pentagon [3]
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695

Question: Find interest rate

Solution:
Unless there is a table available, there is no explicit formula to calculate interest.  However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

A=\frac{P(i*(1+i)^{n})}{(1+i)^{n}-1}
Substituting 
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
A=\frac{26500(i*(1+i)^{60})}{(1+i)^{60}-1}
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02  (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest = 1.6265% (to four decimal places)


4 0
2 years ago
The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond
True [87]

Answer and Explanation:

The computation of each part is to be shown in the attachment. The one statement is of final values and the other one is of formula sheet.

This one applied for all the things which need to be find out

Kindly find the attachment below:

We use the RATE formula for determining the rate of return and the same is to be considered

6 0
3 years ago
In order to be effective control must be
Vanyuwa [196]

...evaluated through organising questionnaires in the organization.

3 0
3 years ago
The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of
slava [35]

Answer:

P0 = $66.6429 rounded off to $66.64

Option c is the correct answer

Explanation:

Using the two stage growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  +  [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]

Where,

  • g1 is the initial growth rate
  • g2 is the constant growth rate
  • r is the required rate of return

P0 = 2* (1+0.2) / (1+0.1)  +  2 * (1+0.2)^2 / (1+0.1)^2  +  2 * (1+0.2)^3 / (1+0.1)^3  

+  2 * (1+0.2)^4 / (1+0.1)^4  +  2 * (1+0.2)^5 / (1+0.1)^5  +

[(2 * (1+0.2)^5 * (1+0.04)  /  (0.1 - 0.04)) / (1+0.1)^5]

P0 = $66.6429 rounded off to $66.64

7 0
3 years ago
Which of the following is NOT a type of bank?
tensa zangetsu [6.8K]
The answer is b-savings back

6 0
3 years ago
Read 2 more answers
Other questions:
  • Patagonia was one of the first companies to offer employees a child care program. plans such as child care, sick-leave pay, vaca
    15·1 answer
  • What might explain the decline in trust during this time? explain the decline in trust both in terms of the "moral trust" and "r
    9·1 answer
  • Rachel is a manager at Eco Toys. Colin is her least preferred coworker because he meddles with the store accounts frequently. De
    13·1 answer
  • Sun Technologies, a cell phone manufacturing company, decided to change the operating system of its phones to eliminate the prob
    12·1 answer
  • A client invests in an equity indexed annuity that has a guaranteed rate of 3% annual return, a 10% cap and 80% participation. i
    6·1 answer
  • Bailey Corporation. incurred 2,300 direct labor hours to produce 600 units of product. Each unit should take 4 direct labor hour
    10·1 answer
  • Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purcha
    6·1 answer
  • What are the quantitative and qualitative techniques available to help planning
    15·1 answer
  • Cho plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rat
    14·1 answer
  • A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!