diane degroot lends $6500 for the 18 months at 12%. how much interest will she earn?
830861
Your question is not complete.\nHowever, I am assuming you mean 12% apr, or 1% per month.\nSimple interest (no compounding) will earn her $1170 in 18 months.\n6500*.12/12*18 = 1170. She earns $65 per month.
704668
theaccount balance after 12 years will be\n=2400*(1.019^24)
622673
one-twelfth of 4.75%=0.3958333%, but who would pay that high rate for only one month?
720450
Starting with $2000 at .026% per month compounded monthly for 12 months equals........ 6.77 for the year. 6.77 divided by 2000 equals .3385% APR. Interest rate at .026% per month multiplied by 12 month equals a .312% yearly rate.\n\nBut I could be wrong
630400
Not 12 years about 7 years my friend is on her 3rd year. A lot of money too
796583
Pretend that she invested x dollars at 6.5% and y dollars at 7%. You know that x+y=5000 (because she invested $5000 total), and .065x+.07y=340 (the amount of interest from both). From there, you are solving a system.\n\nWith a little help from my graphing calculator, I find that x=2000, y=3000.\n\nLet's check. $2000 dollars at 6.5% would give $130, and $3000 at 7% will give $210. $2000+$3000=$5000, and $130+$210=$340.
214693
The annual return would be (1 + MonthlyRate)^12 - 1 (where ^12 means to the 12th power).  Componding monthly.\n\nSo, if you had a 1.0% monthly return, that would be 12.683% annual return.
240247
You must add one important detail: is it 4.8% per annum (yearly) or monthly?\n \nIf it's per annum:\n1000 * [1 + 0.048/12]^months\n \nIf it's per month:\n1000 * [1 + 0.048]^months\n \nTo find out how much after 1yr and after 2yrs, subtitute months by 12 and 24.\n \n \n\nIn Reply to the Mar 6, 2006 addition\n  \nLynn, you did say "compounded monthly" and people will almost always take this as "per annun with monthly componding" and almost always, it is. But it's not necessarilly so. It could be 4.8% per month with monthly compounding, for example. Ok, I'm kind of pushing it, but it's still true. You should be aware of these trick questions.\n \nAlso be aware that there are countless ways to calculate interest. I've worked with finance all my life and am a PhD student now and still see new ways once in a while. There are several things that may affect the result and the way to work thru the problem. The kind of interest you are learning now is a very basic form and for now you should only be aware that the way the interest rate is expressed must refer to a period. This period has no relation to the compounding period. Usually, it will be per annum but doesn't have to. For example, my bank informs me of the overdraft interest rates as a monthly rate, it is compounded daily but in a completely diferent way than the one you're learning. So keep in mind that you might be asked a question in which the rate is (for example) 5% per semester with semi-monthly compounding, over a period of one year. That is a legitimate question and will result in more than 10% per year. Good luck.
93781
How much money are we talking about and what interest rates are you paying?
528186
At 7% for 360 months your payment will be $1516.89. You want your DTI to be below 50%, thus $3,050.00 would be your mark.
988083
C. 5%\nI think. Because 5% of 120,000 is 6,000, and it went up 6,000 dollars.
611686
You should start out around $55,000
743411
I will assume that the interest is simple and compounded annually, just to make the question easier.\n\nYou will reach $1million (US system) 97 years later, at the age of 115.  $1,035,358, actually.\n\nI used a simple formula with an Excel spreadsheet to figure this out.
421464
$28,000 is her new salary.\n\n25,000 X 1.12
853659
7years*12 months=84\n84months* 200/month=16800\n16800+4500 in the bank= 21300\n21300*4%=$852\n852+21300=22152\nso you answer is $22,152
1081855
Okay, so you know there are 12 months in a year. And every year, her sales increases 15%. If you want to find out how much percent her sales increase every month, you just need to divide 15% by 12, which is: 1.25%. So, this means that her sales increase 1.25% every month. \n\nNow, in January her total is $186,000, what is 1.25% of that? \n$186,000/100= $1,860 \n$1,860*1.25= 2325\n\nSo this means that her sales for February will be $2325 more than her sales from January. Her total for February is $188,325\n\nTo find her total for March, you need to find 1.25% of her total from February, so that is 1.25% of $188,325. Find that out yourself.\n\nTo find her total for April, you need to find 1.25% of her total from March. And add it to that total. (from March)\n\nAnd so on. \n\nI think this is how you solve this.\n\nGood luck.
90176
compound interest would make it roughly $26153.57 / month.  Of course I'd like to point out that rate would be illegal and I think you can do far better than that irl.\n\nThe total cost of this loan is more than 3x the original amount.