SAS do loop for annual interest. start with 100 drawing 3.75 % annually. how many years to double amount need sas code
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SAS do loop for annual interest. start with 100 drawing 3.75 % annually. how many years...
For an ordinary annuity with five annual payments of $100 and a 10% interest rate, how many years will the first payment earn interest? What will this payment's value be at the end? (I understand the formula portion but I do not understand how we come to the answer of 4 years for the first question. I need a break down of that please).
At an annual interest rate of 10% how many years will it take for $300 to double in value? (show work) I am getting paid $600 today. What is the future value of $600 in 15 years if current interest rates are 5%? I will receive $24,000 in 12 years. What is the present value of the $24,000 if current interest rates are 6%? I'm trying to learn the equations so if you could how you got your answers, that...
c. What annual interest rate would cause $100 to grow to $119.10 in 3 years? d. If a company's sales are growing at a rate of 10% annually, how long will it take sales to double? e. What's the difference between an ordinary annuity and an annuity due? What type of annuity is shown here? How would you change it to the other type of annuity? 100
A loan of S 43,000 is made at 4% interest, compounded annually. After how many years will the amount due reach S58 000 or more? provided if necessary.) Write the smallest possible whole number answer Use the calculator
a) What’s the future value of $100 after 3 years if it earns 8%, annual compounding? b) What’s the present value of $100 to be received in 3 years if the interest rate is 8%, annual compounding? c) What annual interest rate would cause $1,000 to grow to $2,000 in 8 years? d) If a company’s sales are growing at a rate of 7.2% annually, how long will it take sales to double?. e) What is the present value of...
Compound interest. How many years will it take for an investment of 600€ to grow to 1500€ if the annual interest rate is 9% and the interest is compounded annually?
If you invest $1000 now at an interest rate of 5% compounded annually, how many annual withdrawals of $200 could you make until the fund is exhausted (closest to zero)
Submit y how many years are needed to double a $100 investment when interest rates are 6.75 percent per year? (Round your answer to 2 declmal
Approximately how many years are needed to double a $100 investment when interest rates are 5.00 percent per year? (Round your answer to 2 decimal places.)
Approximately how many years are needed to double a $100 investment when interest rates are 8.00 percent per year? (Round y answer to 2 decimal places.) eriod