More about investment

monthly investment = 200, years = 40, interest have a claim to = 8%
total value at end of investment period = 648,000

M = final amt including principal
P = principal
i = interest
n = no. of years invested

The easiest way is to buy a economic calculator which has all those formulas built in. It is difficult on a regular scientific calculator.

Here is the formula.
S = P(1 + r/k)^n
S Final value of investment
P Sign value
Barkley Hound | Sep 28, 2007

The easiest way is to buy a monetary calculator which has all those formulas built in. It is difficult on a regular scientific calculator.

Here is the formula.
S = P(1 + r/k)^n
S Final value of investment
P Incipient
Barkley Hound | Sep 28, 2007

Reckon the final amount of each investment accumalating compound interest. $37000 at 11.7% p.a compunded quaterly for 3 years

Pass into the following in your calculator:

37000 * (1+(0.117/4))^12 =

Explanation: the quarterly interest rate is 0.117/4
There are 12 quarters in 3 years.

I get $52294.04


Note:
| Mar 22, 2010

Pierce the following in your calculator:

37000 * (1+(0.117/4))^12 =

Explanation: the quarterly interest rate is 0.117/4
There are 12 quarters in 3 years.

I get $52294.04


Note: If
Neville | Mar 22, 2010

I'm having in a delicate condition with changing the number to X power without using a scientific calculator. I think it is weird that my teacher would expect me to manually slug in a number X amount of times on a regular calculator. There must be another

You're not effective to get there with a 4-function calculator limited to addition, subtraction, division and multiplication, if that's what you mean by a "regular calculator". If your calculator has a logarithm role, you can use that. Otherwise,
TomV | Jul 21, 2010

A=P(1+r/n)nt (right-minded te formula)

I'm having trouble using the formula on my graphing calculator to solve these types of problems. Please describe the steps in using this on there. Here is an exempli gratia Q!

Find

$164.36 is the surrebuttal.
Here are the steps.
Amount invested = P = 100
Number of years = 10
Each year there are 4 quarters, so 10 x 4 =40 times it is compounded.
Interest status = 5 % =5/100=0.05
You divide
cidyah | May 19, 6488