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A:
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A: Present value = $50,000 Future value = $88,600 Interest rate = 6.5% Let time taken = n years
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Q: How long will it take for money to double if invested at 6% compounded quarterly?
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A:
Q: 3. Suppose one plans to invest $750 a month this year, $800 a month next year, $850 a month the year…
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A: The formula used as follows: A=Pert
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A: Present value is $200 Future value is 2×$200 = $400 Rate of Interest is 10% To Find:- Time period
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A: Given:
Q: How long will it take (in years and months), for $200 to quadruple in value, if it earns interest at…
A: A concept that implies the future worth of the money is lower than its current value due to several…
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A: Continuous compounding is the mathematical limit that compound interest can reach if it's calculated…
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A: To calculate the number of months we will use the below formula CI = [P*(1+r)n]-P Where CI -…
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A: Future value can be referred to as the value of an underlying asset or security at a future date.…
Q: How long will it take money to triple if invested at 8% compounded annually?
A: Solution The problem is related to the time value of money Let us solve this question with a present…
Q: How long will a particular amount of money to double itself if it is earning interest at an annual…
A: Using excel NPER function
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- How long will it take for money to double if invested at 6% compounded quarterly?How long would it take money to triple if it is invested at 6% compounded semi-annuallyHow long will it take the money to double itself if invested at 16% compounded quarterly? In how many years are required for P3,000.00 to increase by P5,000.00 if it earns 12% compounded semi-annually?
- 18. How long would it take for a principal of P to triple if money is worth 6.5% compounded quarterly? Give your answer to the nearest quarter.How long does it take (approximately) for the invested sum of 1000 euros to double if 6% annual interest is being compounded monthly?How much will you accumulate if $200 per quarter is invested at a rate of 8% per year compounded quarterly?
- How long will it take money to triple itself if invested at 8.35% compounded quarterly? What is the effective rate of interest?How long would it take your money to double itself if it is invested at 6% simple interest, compounded semi-quarterly, and compounded continuously?In how many months will P10,000 earn a compound interest of P2,000 if money is worth 12% compounded monthly?
- Suppose you invest $100 at an annualized and continuously compounded rate of 3.45%. What is the value of your investment in six months?How long will it take for P 1,000.00 to amount to P 1,346.00 if invested at 6 compounded quarterly?Suppose that $6,300 is invested at 3.1% annual interest rate, compounded monthly: How much money will be in the account in (A) 9 months? (B) 10 years?