About how long will it take $10,000 invested at 5.2 compounded monthly to double

Q: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

Q: You can invest your money at a rate of 6.5% compounded weekly. How much money will you have after 10…

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Q: (a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want…

A: Given:         Amout of compound interest is given by,A=P1+rnntWhere,A= amount, P= initial amount,r=…

Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12%…

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Q: How much interest will you earn if you invest $5100 for 4 years at a simple interest rate of 6%…

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Q: 8. How long will it take for the $3200 to double compounded monthly at 3.5%?

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Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: How much interest will you earn if you invest $800 for 3 years at a simple interest rate of 7%…

A: Principal Amount, P = $800 Time, t=3 yrs simple interest rate, r=7%=0.07 To evaluate : The interest…

Q: How much more would you earn in the first investment than in the se $47,000 invested for 40 years at…

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Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

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Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: How long did it take for an investment of $30,000 to grow to at least $36,000 at 2.75% compounded…

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Q: How long will it take for ₱65,000 to Amount to ₱98,400 if compounded quarterly at 10.24% interest?

A: Compound interest formula A=P1+rnnt where A is accumulated amount P is principal amount r is rate of…

Q: How much would we need to invest at 8.4% compounded monthly to have a total of $170,000 saved in 9…

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Q: How much money should be deposited today in an account that earns 6% compounded monthly so that it…

A: If an amount P is deposited today in an account that earns interest rate r per compounding period,…

Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

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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 much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

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Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

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Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: How much more would you earn in the first investment than in the second investment? $52,000 invested…

A: topic -  compound interest

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

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Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

Q: How much will P54,200 be in 24 months at 4% compounded monthly?

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Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

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Q: How much do you need to get 850 after three years at 6% compounded quarterly?

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Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

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

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Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: How much should be invested today in an account earning 6% compounded quarterly, if you need $35,000…

A: A=P(1+(r/n))nt where A = final amount P=initial amount r=interest rate in decimal n=number of…

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: How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring…

A: Consider the Principal be "S" The amount is given by "2S". The rate of interest is 8% per annum.…

Q: Approximately how long will it take for $8000 two double at an annual interest rate of 6.25%…

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Q: Joshua invested $99,000 in an account paying an interest rate of 4÷% compounded continuously.…

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Q: How much will 350 grow to in 8 years at 5% compounded monthly?

A: Initial amount= P= 350  Final amount= A=? Interest rate= r= 5%=0.05  Time= t = 8 years Number of…

Q: How much more or less money would you have to invest today to have $12,000 in 2 years at 3.50%…

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Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: Given: A couple needs $55000 as a down payment foe a home , Therefore, A=55000 is the future value,…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 8%…

A: From the given statement it is observed that, the investment of $40,000 at 8% compounded quarterly…

Q: How long (in years and months) will it take for an investment to double at 3% compounded monthly?

A: If you like the solution then please give it a thumbs up.. The Answer is:     Result = 23.45  It…

Q: You put $4000 in a bank account earning 3% compounded monthly. To the nearest penny, how much is it…

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Q: Find the amount that results from the given investment. $600 invested at 8% compounded quarterly…

A: Formula used:The future value formula:

Q: A company needs $4,400,000 in 13 years in order to expand their factory. How much should the company…

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Q: A couple needs $23,335.13 as a down payment for a home. If they invested the $7,000.00 they have at…

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Q: To yield $10000 in three years in an investment that pays interest at a rate of 5.4% per year,…

A: Solve for principal amount