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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

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Posted on Sep 02, 2010

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How to calculate the cost of equity


final value = principal value x (1+I)^n
I= interest rate for n say 10% it would be 0.10
if n= 1 year then interest rate if
one year interest rate so if 5 years n= 5
if interest rate is monthly then divide year int rate by 12
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)
fv = pv*(1+2.5/100)^1
if cpi is different each year then
fv= pv1(1+2.5/100)^1 + pv1(1+cpi2/100)^1 + pv1(1+cpi3/100)^1
If CPI is same for each year then FV = PV (1+0.025)^number of years.
^ 2 is like squared

Jul 20, 2016 | Furniture

1 Answer

Simple interest


Using fixed simple interest:
start with $1,500. Every year you get $75 in 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

Jan 28, 2014 | Mathsoft Computers & Internet

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

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
100+x = 105,737 both sides -100
x=5,737
So Jane's annaual interest rate was 5,737%.

Hope it helps you.

Mar 10, 2011 | Sharp EL-738 Scientific Calculator

1 Answer

How to compute monthly payment for money borrowed at 18% interest rate per year for two years on a diminishing balance?Amount borrowed is 350,000.00.


If you need to borrow 350,000,it may be time to end your existance in this galaxy,don't you think. When you borrow that much you pay 5%

May 27, 2010 | 2003 Toyota Corolla

1 Answer

Is there an operations manual for a Sharp xg-h400u lcd projector available? Trying to locate info on how to setup convergence.


Not interested in paying for the answer on an 18 year old projector. I'll work through the problem and ask other people I know if they have a solution!!!!!!!

Feb 04, 2010 | Sharp Televison & Video

2 Answers

FV $100 per month for 18 years at 5%


Using the calculator at http://www.ecentralcu.org/futurevalue-pp.html I get $35,065.70

Payments = $21,600 + $13,465.70 in interest.

Aug 27, 2009 | HP 10bII Calculator

4 Answers

I want the excel compound interest formula


=10000*(1+0.96)^12
=10000*(1+0.10)^18
=10000*(1+0.10)^24

Dec 02, 2008 | Microsoft Office Professional 2007 Full...

1 Answer

Mileage 194,000 SCARY!


If most of the miles were done on the highway, that is a good thing. If most were stop and go, then I would shy away from buying it. If you continue with the oil changes at 3000 miles and keep the car up on maintenance, you'll see alot more miles out of this car. It should be a really good one for a college commuter. I wouldn't hesitate in buying this car.

Aug 07, 2008 | 2004 Toyota Corolla

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