kam9erjencaturta kam9erjencaturta

11-11-2016
Mathematics

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$100,000 for 20 years compounded at 4 percent annually results in a rate per period of:

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Nirina7 Nirina7

15-11-2016

4% x 20 = 80% (in 20 years)
but the 80% of $100,000 is $100,000 x 80 /100 = $ 80000
so 80% for $ 80000 (20 years)
4% for x=?
the answer is x= 4000$
$100,000 for 20 years compounded at 4 percent annually results in a rate per period of: 4000$

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