Determine how much your money can grow using the power of compound interest. Money handed over to a fraudster won’t grow and won’t likely be recouped. So before committing any money to an investment opportunity, use the "Check Out Your Investment Professional" search tool below the calculator to find out if you’re dealing with a registered investment professional.
LOGARITHMIC functions (interest rate Word Problems) 1. To solve an exponential or logarithmic word problems, convert the narrative to an equation and solve the equation. Example 1: A $1,000 deposit is made at a bank that pays 12% compounded annually. How much will you have in your account at the end of 10 years?
The weighted average interest rate is the aggregate rate of interest paid on all debt. The calculation for this percentage is to aggregate all interest payments in the measurement period, and divide by the total amount of debt. The formula is: For example, a business has a $1,000,000 loan outstanding on which it pays a 6% interest rate.
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