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# What is the interest on 6,500 for 3 years at 18% a year?

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The interest is: 3510.00

http://www.webmath.com/simpinterest.html

Posted on Sep 02, 2010

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### How to calculate the cost of equity

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and increase n by 12 so 5 years equals 60 terms of interest calculation.
cost of equity would be pv + pv * CPI
if CPi was 2.5% as an example
cost of equity for year one= PV + (PV * 2.5/100)
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### Simple interest

Using fixed simple interest:
so after 3 years you have \$1,500 + \$225 = \$1,725.00

Compound interest:
If you use/want compound interest you gain 5% of the new amount every year. So start with \$1,500
Year 1: \$1,500 + \$75 = \$1,575
Year 2: \$1,575 + \$78.75 = \$1,653.75
Year 3: \$1,653.75 + \$82.6875 = \$1736.4375
So final sum is \$1736.4375.
However banks usually round down so \$1736.43

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### 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

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### On the Sharp EL-738 calculator, how do I find the interest rate? The question is: Jane earns \$300 interest over four years on her investment of \$1,200. What annual simple interest rate does this...

Hi,

Jane starts with 1200\$ at the beginning of the first year, and at the end of the fourth year she has 1200\$+300\$=1500\$
Use x for her annual interest rate, that means at the end of the first year she will have 1200\$*[(100+x)/100]. At the end of the second year her first-year money earns at the same rate, so she will have 1200\$*[(100+x)/100]*[(100+x)/100]=1200\$*[(100+x)/100]^2 at the end of the second year.
At the end of the third year she will have 1200\$*[(100+x)/100]^2 *[(100+x)/100]=1200\$*[(100+x)/100]^3
At the end of the fourth year she will have
1200\$*[(100+x)/100]^3 *[(100+x)/100]=1200\$*[(100+x)/100]^4 which is equals to 1500\$

1200\$*[(100+x)/100]^4=1500\$ divide both sides by 1200\$
[(100+x)/100]^4=1,25 take the fourth root of both sides
(100+x)/100=1,05737 both sides*100
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x=5,737
So Jane's annaual interest rate was 5,737%.

Hope it helps you.

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