For the above calculation you have 450000 to invest or borrow with a rate of 95 percent for a six-year period of time. R r 100. Compute the interest if the principal is 2000000 dollars at a rate of interest of 4 for a year.
Click on the denominations in the cash drawer so that they add up to the correct answer.
At y6 we have a 50 reduction because 6 is the half life So. Because 14 made the NPV zero. A 3-year loan of 1000 at 10 costs 3 lots of 10 So the interest is 3 1000 10 300 Simple interest is almost never used in the real world with compound interest being preferred. If the bank charges Simple Interest then Alex just pays another 10 for the extra year.