the questions continuously say "p.a." at first i assumed it was "per annual" but the problem i just got to says: "what will an investment of 100 000 Yen amount to after 5 years if it earns 8% p.a. compounded semi-annually?" i'm not asking for how to solve this... i just need to know what p.a. means!!! please help =)
2007-10-24 13:47:33 · 7 answers · asked by kayteedella 1 in Science & Mathematics ➔ Mathematics
per annum = yearly
2007-10-24 13:50:27 · answer #1 · answered by mathmom 2 · 0⤊ 0⤋
Considering the context, the only word that makes sense is "annual percentage rate," or simply "percent yearly or annually"
Regardless, it means 8% is the interest rate on the annual basis.
2007-10-24 13:52:42 · answer #2 · answered by tkquestion 7 · 0⤊ 0⤋
the formula is: A=P(1+ r/n)^nt A= the final amount P= the principal amount r= the percent rate (change the percent to a decimal by moving the decimal two places to the left n= number of compoundings a year t= number of years compounded A=6000(1+ .07/12)^12*5 the answer is 8505.75
2016-05-25 15:48:04 · answer #3 · answered by ? 3 · 0⤊ 0⤋
p.a. = per annum = yearly = every 1 year
2007-10-24 13:54:26 · answer #4 · answered by johnavaro 3 · 0⤊ 0⤋
it does mean per annum. which is per year. it earns 8% each year. thats compound interest.
2007-10-24 13:51:11 · answer #5 · answered by Robert A 3 · 0⤊ 0⤋
It's 'per anum', ie the interest rate for the year.
2007-10-24 13:58:06 · answer #6 · answered by Clay601 2 · 0⤊ 0⤋
this is just a guess but it could mean percent (%) annually
2007-10-24 13:51:56 · answer #7 · answered by dc 3 · 0⤊ 0⤋