(a) How long does it take for an investment to triple invalue if it is invested at 6% compounded monthly?(b) How long does it take if the interest is compoundedcontinuously?

Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

Q: How many years will it take for an initial investment of $10,000 to grow to $15,000? Assume a rate…

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Q: (i) What rate of interest compounded annually is needed to make an investment of $6,500 accumulate…

A: Compound interest formula :                                                   F=P1+rnnt Where…

Q: How long does it take for an investment to double in value if it is invested at 18% compounded…

A: The solution is given as follows :

Q: How long will it take for an investment to at least double its original amount if it is growing at…

A: Given:   Grow rate = 5.76%   Compounded semi annually ( n ) = 2

Q: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

A: Formula of compound interest: A=P1+rnnt where A= Final amount P= Principal amount r= Rate of…

Q: Find the time required for an investment of ​$11,000 to grow to ​$24,000 at an annual interest rate…

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Q: How long does it take for an investment to double in value if it is invested at 5% compounded…

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Q: Logan is going to invest in an account paying an interest rate of 3.1% compounded continuously. How…

A: We have given amount A = $990  Rate of interest r = 3.1% = 0.031 Time t= 6 years   We have to find…

Q: Time Required to Reach a Goal If Tanisha has $100 toinvest at 4% per annum compounded monthly, how…

A: Given P=$100 r=4%=0.04 A=$150 First, let us find the number of years by the formula of interest…

Q: How many years are required for P5,000 to increase to P8,000 if invested at 12% per year compounded…

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Q: How long will it take for your investment to grow 25% if the annual percentage rate is 3.5%…

A: Introduction :We have asked for the time period will it take to grow a amount to its 25% , where the…

Q: How long does it take for an investment to double in value if it is invested at 14% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Find the interest rate r needed for an investment of $4000 to grow to $28,000 in 6 years if interest…

A: We will use future value formula to find interest rate

Q: A debt of $43,974 is due in 4 years. If the debtor wishes to pay his creditor today at 14%…

A: If the interest is compounded, then the formula that is used is FV=PV1+rnnt. Here FV is future…

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

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Q: Mr. and Mrs. Rodriguez hope to send their son to college in twelve years. How much money should they…

A: Given  Time = 12 years Interest rate = 9.5% per year , compounded continuously Final amount = $8000…

Q: $500 invested at 9​% compounded quarterly after a period of 2 years.  After 2 ​years, the investment…

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Q: 2. How long will it take$5000 to grow to $20,000 if the investment earns interest at the rate of 6%…

A: Given data,  Initial amount (P) = $5000 Final amount (A) = $20000 Interest rate (r) = 6% = 0.06…

Q: How long does it take for an investment to double in value if it is invested at 6 % compounded…

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Q: 3000 dollars is invested in a bank account at an interest rate of 9 percent per year, compounded…

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Q: accumulated

A: Please refer to the image below

Q: (a) How long does it take for an investment to double invalue if it is invested at 8% compounded…

A: a). Given, r=8%=0.08,  n=12 Let P be the principal amount. Now, A=P1+rnn·t⇒2P=P1+0.081212t   ∵Double…

Q: 5. (a) How long does it take for an investment to double in value if it s invested at 8% compounded…

A: Given query is to find the time taken to become an investment double of its value.

Q: What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is…

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Q: A person wishes to invest $10,000 and wants the investment to grow to $20,000 over the next 10…

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Q: 4. How long will it take $2,000 to grow to $24,000 if it is invested at 7% compounded monthly?

A: Given that  P=Principal amount= $2000                                              A=Annual rate of…

Q: 3) $10,000 is invested at 6% for 8 years. Find the amount of interest earned if interest is…

A: GIVEN; PRESENT VALUE (PV) = $10,000,  INTEREST RATE = 6%    & TIME = 8 YEARS

Q: Suppose you invest $5000 and would like your investment to grow to $10,000 in eight years. What…

A: Given that the initial amount= P=5000 Final amount=A= 10000 Time=t= 8 years  n=number of times…

Q: (a) Martha invests an amount of $10000 at 3.5% compounded quarterly. What is the value of her…

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Q: If you have an investment of $1000 that grows at a rate of 6%, compounded annually, how much will it…

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Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

Q: Use the formula for continuous compounding to solve:What interest rate, to the nearest percent, is…

A: A=P ertP is the initial amount or invested amountA is the amount after t years.

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: ind the interest rate needed for an investment of $7,000 to grow to an amount of $10,500 in 7 years…

A: formula : where, r = interest rate t = time period = 7 years n = number of compound in a year = 4…

Q: how much should you invest at 4.8% compounded continuously to have $5000 in 2 years

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Q: t what monthly compounded interest rate does it take five years for an investment to quadruple?

A: Compound interest formula is given by    A = P(1+rn)nt           where P = principal…

Q: checking Homework. Show Work.

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Q: A $1000 investment earns interest at a rate of 4.2% per annum, compounded monthly. Another…

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Q: 31. What rate of interest compounded annually is required to double an investment in 3 years? How

A: Suppose A be the amount, P be the principal, r be the rate of interest and t be the time for n times…

Q: How much do you have to invest at 2.4% interest compounded quarterly if you need to have $300,000…

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Q: 2000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded…

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Q: What present value P amounts to $280,000 if it is invested at 8%, compounded semiannually, for 16…

A: If investment or present value = $P interest rate = r  compounded m times per year. and time period=…

Q: An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one…

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Q: 200 invested at 5​% compounded quarterly after a period of 3 years

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Q: A student graduates when he is 22 years old and starts saving $20.00 per month until he retires at…

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Q: An emplyee wants to invest 60,000 in a pension plan. One investment offers 4% compounded quarterly.…

A: We have to find total of 60000 investment at 4% compounded quarterly for 4 years. P=60000, r=4%=…