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In arithmetic and algebra, the fifth power or sursolid [1] of a number n is the result of multiplying five instances of n together: n 5 = n × n × n × n × n. Fifth powers are also formed by multiplying a number by its fourth power, or the square of a number by its cube. The sequence of fifth powers of integers is:
In general, if an increase of x percent is followed by a decrease of x percent, and the initial amount was p, the final amount is p (1 + 0.01 x)(1 − 0.01 x) = p (1 − (0.01 x) 2); hence the net change is an overall decrease by x percent of x percent (the square of the original percent change when expressed as a decimal number).
A percentage change is a way to express a change in a variable. It represents the relative change between the old value and the new one. [6]For example, if a house is worth $100,000 today and the year after its value goes up to $110,000, the percentage change of its value can be expressed as = = %.
In mathematics, a rate is the quotient of two quantities, often represented as a fraction. [1] If the divisor (or fraction denominator) in the rate is equal to one expressed as a single unit, and if it is assumed that this quantity can be changed systematically (i.e., is an independent variable), then the dividend (the fraction numerator) of the rate expresses the corresponding rate of change ...
Future value is the value of an asset at a specific date. [1] It measures the nominal future sum of money that a given sum of money is "worth" at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function. [2]
5/1 ARM. 5 years. Once per year. Rate locked for 5 years, then adjusts every 12 months ... 🟡 3 to 5 years: Could go either way, calculate your break-even ... choosing a 15-year term at 5.75% ...
If the interest is credited twice in the year, the interest rate for each 6 months will be 50%, so the initial $1 is multiplied by 1.5 twice, yielding $1.00 × 1.5 2 = $2.25 at the end of the year. Compounding quarterly yields $1.00 × 1.25 4 = $2.44140625, and compounding monthly yields $1.00 × (1 + 1/12) 12 = $2.613035....
The notion of doubling time dates to interest on loans in Babylonian mathematics. Clay tablets from circa 2000 BCE include the exercise "Given an interest rate of 1/60 per month (no compounding), come the doubling time." This yields an annual interest rate of 12/60 = 20%, and hence a doubling time of 100% growth/20% growth per year = 5 years.