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nikita nikita is offline
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Join Date: Feb 2005
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help with some calculations

Hello everyone,

I think I've gone mad because I can't work out how much I get from $10000,00 USD investment fro one moth with 4.66% interest... help would be kindly appreciated... soryy for the stupid post...
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MK Printing MK Printing is offline
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$46,600

According to my calculations (1000000 x 1.0466) minus the investment

Matt
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stevegibson stevegibson is offline
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Is this 4.66% p.a., paid monthly?

If so, I reckon the equation would be

[capital * (1+annual interest)^(1/12)] - capital

or, in this case

[10,000 * (1.0466)^(1/12)] - 10,000 = 38.03

Or, it might be something different!

Steve
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nick.martin nick.martin is offline
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Is it $10,000 or $1,000,000 ???
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Martin Martin is offline
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Quote:
Originally posted by stevegibson
Is this 4.66% p.a., paid monthly?

If so, I reckon the equation would be

[capital * (1+annual interest)^(1/12)] - capital

or, in this case

[10,000 * (1.0466)^(1/12)] - 10,000 = 38.03

Or, it might be something different!

Steve
ditto... I think Steve is about right. Altho my quick calculation came out at 38.83
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MK Printing MK Printing is offline
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I think this is a question for James Smith (i think that is his name).

Matt
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nikita nikita is offline
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Hi guys,

Thank you to you all. Steve was a spot on!
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www.opiumboutique.com
info [at] opiumboutique.com
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stevegibson stevegibson is offline
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"Steve was a spot on!"

I think I need to share most of that credit with MS Excel!

Steve
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