I need help finding the future value of this math problem can anyone help?
Well, it's really two problems of compound interest where the single answer is a combination of both. First, let's look at the money you earn by investing in gold. Gold money grows at 8% per year, compounded once per year. The equation for compound interest is: P(t) = P(0) * (1 + r/n)^(n*t) where P(0) is the initial investment, r is the interest rate as a decimal, n is the number of compounds per unit time (years, in our case), and t is the number of elapsed units of time. In our case, we have P(0) = 5000 (since we're only investing half), r = .08, n = 1 (since we only compound interest once per year), and t = 11 since we want the value after 11 years. So we have: P(11) = (5000) * (1 + (.08)/(1))^((1)*(11)) P(11) = 5000 * (1 + .08)^(11) P(11) = 5000 * 1.08^11 P(11) = 11658.1949... So after 11 years, you'll have $11,658.19. Now let's consider the money you'll earn from CDs. We have P(0) = 5000 again, r = .02, and n = 2 (since we compound every 6 months, or twice per year), with t = 11 again. So we have P(11) = (5000) * (1 + (.02)/(2))^((2)*(11)) P(11) = 5000 * (1 + .01)^(22) P(11) = 5000 * (1.01)^22 P(11) = 6223.5792... So we'll have $6,223.58 in CDs after 11 years. Adding these two values together gives the final investment value of: 11658.1949... + 6223.5792... = 17881.7742... which to the nearest cent is $17,881.77. Done and done.
What type of business could I start if I had $10,000 dlls?
Try something simple where you don't need so many permits. My mom's opening a yarn shop whereas I'm aiming for something a little harder. 10k's indeed not a lot, though. You could try getting a loan or even maxing out some cards to splurge on one place, but only if you're 150% sure that you'll get all that money back and more.
What would you do with $10,000 if you were to be a 19 year old again?
Its a good question and shows your thinking about things. Hong Kong businessman Li Ka Shing once said, money can be spent but not squandered. That elegantly sums up the answer to your question. It is no coincidence that people who use money well are often from humble backgrounds. Only when there's the rough times and struggles, do you understand the true way the world works and the value of money. Its easy to squander money, even a fool can do it, needless to say if its driven by emotions (anger, envy, greed etc). The key does not lie in what you use it for but rather the thought process to handle the money. If you are not disciplined on the small things, its hard to handle the big things properly.The funny thing about money is that the best way to spend it is to grow it, and it grows best when you need it the least. The reason lies in how you spend, how much to spend and avoiding squandering. Its a fine line. Saving is a form of delayed spending, especially for low probability but large negative impact events. If you buy a luxury bag for looks/status, ask this, what good does the bag really do and what value does it truly provides? Are you a better person with it? On the other hand, if you were trying to create your own high quality and affordable bag, spending a bit to buy the cheaper range of the brand and take it apart to understand how it is made and to emulate the craftsmanship techniques would be spending, or self development.Theres no fixed list to what can be done and its subjective. To put things in perspective, there arent many on the street with liquid cash of S$100k, and 10k is only a tenth of that. There are many in debt. Be clear on the difference and stay away from squandering.
What would you do with $10,000 to make more money?
You could do a lot with $10,000. I’d look to buy an online business that is generating cash flow each month, grow it over a 12 month period and then sell it for 20–30x average monthly profits.Here’s what I would do:1. Buy an online business from a marketplace such as FlippaNOTE: Make sure to do your due diligence before main any purchases. There are a lot of scams on Flippa. but there’s also some gemsYou should be able to find a website that’s making $500/month in profit based on 20x the average monthly profits. You could probably even find a better deal if you spent more time sifting through Flippa (could take a few months to find the right deal)I’d find a website that suits my skill set so that I was able to grow the business while I owned itI’d hold the business for 12 months and during that time I would grow it to $1000/monthI’d then sell the site for $20,000 (assuming the site averaged $1000/month over the past 3 months)After all of this is all said and done I would have made $20k from the sale plus another $6–7k in cash flow while I held it for 12 months. Subtract the initial $10k I used to purchase the site and I made a nice little ~$16k profit on the original $10k investment.If you do follow this method, we have a blog post talking about how to buy an online business. There’s lots of rubbish sites on Flippa, with high potential to get scammed, so make sure to get yourself clued up!Good luck
How can I turn $10,000 into $1,000,000 in one to five years?
In order to turn $10,000 into $1million in one to five years, you'll need to use leverage. There are several ways to do this, which I'll only touch on. If any of these sound appealing, then you'll need to research the method you chose in much more detail. PLEASE know that all of these are risky, and there is potential with all of them to lose your $10,000 and more. Do not do any of these without a good education about these methods. I list these as hypothetical ways to achieve your goal: Method 1: Real Estate. Hypothetically you could develop a piece of property to be an income producing property using very little of your own money, by getting a loan for the property, for design and construction, and then once constructed, you'd sell the property hopefully for $ 1million more than the loan cost, and then you pay off the loan. Whether you could do this for as little as $10,000 is the big question. If you have other collateral you could use, it would help. Method 2: Futures. Are you willing to risk all of the $10,000 in order to earn $1 million? Futures are leveraged 1000 to 1, meaning for every $1 invested you could earn $1000, but the big catch is for every $1 you invest, you could lose $1000. This means that when you start, you could not invest more than $10, because with a risk of 100 to 1 you would lose it all. There are ways to limit your risk, and you'd need to learn how to do this before you could consider this method. Method 3: Equity Options. Similar to Futures, you'd have to be willing to risk all of the $10,000 to earn $1 million. Options are leveraged 100 to 1. Meaning for every $1 invested you could earn $100, and vice versa. Again there are ways to limit risk with spreads, and this takes time to learn. I don't know that 5 years is long enough to learn to do any of these methods, but it could be possible. As with any high reward method, there is high risk. Let's say you take the $10,000 and use one of the methods above and turn that into $500,000. But the next day, you make a trade in futures or options and lose all of that. Are you willing to live with that risk? That's what it would take to achieve your goal. I do not recommend any of the above methods. I use these only as hypothetical methods to turn $10,000 into $1 million.
If you had 10,000 USD to invest in your web development/online marketing side-business to let it grow, what would you do?
Some ideas:look on Fiverr - Freelance Services Marketplace for The Lean Entrepreneur for some marketing services, SEO services, etcadsStart cheap and experiment. Also make sure you have your analytics set up so you can analyze the traffic you do get to your site.
If I had invested $10,000 in Facebook when it went public how much would I have now?
Facebook's IPO was priced at $38 on May 18, 2012. $10,000 would have bought you 263 shares. Facebook stock is currently $75.02, so a $10,000 investment at the IPO would be worth $19,730.26 today.Google's IPO was priced at $85 on August 19, 2004. $10,000 would have bought you 117 shares. Google stock has split once. 117 shares purchased at the IPO would equal 234 shares today (117 voting shares, and 117 non-voting shares). Google stock is currently $580.20 for the voting shares, and $590.57 for the non-voting shares, so a $10,000 investment at the IPO would be worth $136,980.09 today.Microsoft's IPO was priced at $21 on March 13, 1986. $10,000 would have bought you 476 shares. Microsoft stock has split 9 times. 476 shares purchased at the IPO would equal 137,088 shares today. Microsoft stock is currently $45.17, so a $10,000 investment at the IPO would be worth $6,192,264.96 today. Note that Microsoft stock has paid cash dividends since 2004.Update: Here's the info for Apple, Amazon, and Yahoo in case anyone is curious how those companies compare.Apple's IPO was priced at $22 on December 12, 1980. $10,000 would have bought you 454 shares. Apple stock has split 4 times. 454 shares purchased at the IPO would equal 25,424 shares today. Apple stock is currently $101.54, so a $10,000 investment at the IPO would be worth $2,581,552.96 today. Note that Apple stock paid cash dividends from 1987 to 1995, and from 2012 to present.Amazon's IPO was priced at $18 on May 15, 1997. $10,000 would have bought you 555 shares. Amazon stock has split 3 times. 555 shares purchased at the IPO would equal 6,660 shares today. Amazon stock is currently $334.02, so a $10,000 investment at the IPO would be worth $2,224,573.20 today.Yahoo's IPO was priced at $13 on April 12, 1996. $10,000 would have bought you 769 shares. Yahoo stock has split 5 times. 769 shares purchased at the IPO would equal 18,456 shares today. Yahoo stock is currently $37.71, so a $10,000 investment at the IPO would be worth $695,975.76 today.