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Compound interest about 28k to start with 14% guaranteed interest rate per year, then add another 28k peryear with guarateed 14% return- all to stay in account for compound interst growth What would be the amoutn in 15 years

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Assuming the 28k is put in as one lump sum each year and that the interest is compounded annually, then after 15 years I calculate $453,329
You can use the following online calculator to make adjustments, check my calculations, modify any factors, etc...
http://www.bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx

Posted on Nov 18, 2013

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An original investment of 10,000 earns 7.50% interest compound continously, What will the investment be worth in 3 years? 30 years?


A=P(1+i)^n, where P is the Principal, i is the interest rate per period, and n is the number of periods.

A=10,000(1+0.075)^3, assuming the interest is compounded annually

For 30 years, we would replace the number of period 3 with a 30.

Good luck,

Paul

Apr 05, 2014 | Texas Instruments TI 30XIIS Scientific...

1 Answer

COMPOUND INTEREST


But how often is the interest applied, yearly or monthly? If yearly, then the last 3 months don't earn anything at the 29 mo point. So $27624.

If applied monthly the usual trick is to simply divide the yearly rate by 12 = 1.32% per mo. So after 29 mo, $30132

Dec 18, 2013 | Sharp el-531x scientific calculator

1 Answer

Compound interest


Well if you started with zero in the first year, then $164494, of which $30000 was yours, so earnings are 134494.

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

Nov 20, 2013 | Texas Instruments TI-30X-IISTK Scientific...

1 Answer

I want to invest R10000 in a bank investing at 14% compounded twice a year


Invest R10000 in a bank investing at 14% compounded twice a year.

A = P(1+i)^n, where A is the amount, P is the principal or initial investment, i is the interest rate per period, and n is the number of periods.

If the annual rate is 14%, the semi-annual rate is 7%. One year is now composed of 2 6-month periods.

So after one year, we have A = 10 000 (1.07)^2 or 11,449.

Good luck,

Paul

Nov 19, 2013 | Sharp EL-738 Scientific Calculator

1 Answer

We are not obtaining the correct answer when computing the I/Y. The problem is N=30, PV=-500, PMT = 0, FV = 10000. We are getting 126.01


Since you didn't specify what result you were expecting, I can only guess at what you want.

The answer is correct assuming 12 periods per year. To have 500 increase to 10000 in 30 months, you need an annual interest rate of 126%. For a more realistic result, set the number of periods per year to one by pressing 1 SHIFT [P/YR] then repeat the calculation. This will produce 10.5% for the annual interest rate.

Alternatively, if the interest is compounded monthly, specify 360 for N. This will give a value closer to 10% annually, compounded monthly.

Sep 17, 2011 | HP 10bII Calculator

3 Answers

I want to invest $5000 for 10 years through internet at 9% , how much would i get in return?



FV=PV (1+(i/12)^12n
Assuming it's compound interest.
FV=Future Value i= interest Rate n=interest period PV =Present Value
$12,260

May 30, 2011 | Computers & Internet

1 Answer

What buttons do I push in what order to figure compound interset. if I start with$15,000.00 at 6% interset for 25 years. I am on a texas instrument ba 2 plus


If the interest is compounded monthly:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
25 2nd [*P/Y] N (25 years)
CPT FV (compute future value, see 66,974.55)

If the interest is compounded annually:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
2nd [P/Y] 1 ENTER 2nd [QUIT] (one compounding period per year)
25 N (25 years)
CPT FV (compute future value, see 64,378.96)

Oct 26, 2010 | Texas Instruments BA-II Plus Calculator

1 Answer

I have a TI30XA and i'm trying to use it to find the balance of a compound interest problem. the problem is $5000 is invested at an annual interest rate of 6% for 10 years how can i use the calcuator find...


A = P(1 + r/q)nq is the formula you use. first write it all out, where P is the principle or $5000, r is the rate of 6%, q is the times per year so it would be 12 if done monthly, and n is how many years which would be 10. hope this helps.

Apr 28, 2010 | Texas Instruments BA-II Plus Calculator

1 Answer

Need your help


Try the FV function Syntax
FV(rate,nper,pmt,pv,type)

Nov 03, 2007 | Computers & Internet

1 Answer

Invalid computation


Hmmm, I don't think the problem is with your calculator. I'd be checking the accounting question again as I don't think you've got your annuity question structured right.

4 Year Annuity
14% Annual Interest Rate
Your contributing $4,000 per year over the next 4 years
and you already know the future value is $50,069?

You'd have to make annual payments of $11,878.93 (4 of them) at that annual interest rate to get to a future value of $50,069 (which has a present value of $43,632.24).

Are you sure that the FV isn't the trade in value at the end of the 4 years?

Oct 05, 2007 | Sharp SHREL738 Calculator

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