Financial Mathematics.. oblige me,?
What principal invested today at 6.22% compounded semi-annually will amount to $2500 in 10 years?Answers: first poster is wrong.
within are calculators on yahoo finance that can backing you with that.
Basically, you are getting 3.11% for 20 period (compounding semiannually so you half the rate and double the length number), so you need to subtract was 1.0311 to the 20th power calculate out to.
take that factor, and divide it by 2500.
Factor is roughly speaking 1.85. 2500/1.85 ~$1350
$1,354.95
PV = FV [ 1 / (1 + i)n ]
Financial Mathematics // sustain please... show steps.?
Determine the interest rate necessary for $1500 to amount to $2075 within 6 years with interest compounded annually?Answers: One approach is to use the holding period return (HPR) working out.
(FV/PV)^(1/6) -1
FV stands for future good point of 2075
PV stands for present value of 1500
You tilt to the 1/6 power to account for the certainty it will take 6 years to do and you want the annual rate
Then you subtract 1
(2075/1500)^(1/6) - 1 = 5.56%
Note 2075/1500 represents the growth factor compounded over 6 periods -- but since you want the annual rate, you put on a pedestal it to the recipocal power 1/6 and then subtract 1 to acquire the annual compound rate.
(2075/1500)^(1/6)=1.055572
alternatively
exp(1/6(log2075-log1500)-1
also approximately
1/6 (log 2075-log1500)
What are the charges of demat a/c and trading and demat a/c?
tell me surrounded by detail about both a/c charges i want to start a a/c in jalandhar,punjab.relieve me plsAnswers: see this link
http://www.demataccount.com/2007/12/12/d...