An investment of $9000 grows to $10,296.59 in 4 years. Find the annual rate of return for annual compounding. [Hint: Use P 1 + mt with m = 1 and solve for m r (rounded to one decimal place).] r = %

Q: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

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Q: How long (in years and months) will it take for an investment to double at 4% compounded monthly?…

A: The explanation has been given in the attached file.

Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given: The total cost of four-year private education is estimated to be $50,000. The rate of the…

Q: Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate…

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Q: Find the interest rate required for an investment of $3000 to grow to $4000 in 6 years if the…

A: Given: investment : A=$4000Principal: P=$3000,  t=6 Use formula for compounded continuously, which…

Q: What rate of interest compounded annually is required to double an investment in 4 ​years?   The…

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Q: Find the time required for an investment of 5000 dollars to grow to 8500 dollars at an interest rate…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate…

A: Use formula of compound interest

Q: How many years are required for your money to triple if it is invested at 9% compounded? a. annually…

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Q: Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 5% if the…

A: the compound interest formula:…

Q: The average cost of a 4-year college education is projected to be $120,000.00 in 18 years. How much…

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Q: Find the interest rate needed for an investment of $9,000 to triple in 7 years if interest is…

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Q: For a sum of $8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

A: Given Principal amount = P = P8000 Time = t = 12 years 9 months Final amount = A = P16000

Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: Recall the investment formula: A(t) = P( 1 + r)t , where t is in years. Given an investment (P) of…

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Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 6% per year, with yields reinvested…

A: Let P be the principal amount invested in $, r be the rate of interest, t be the time in years and n…

Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

Q: How long will take it for money to quadruple itself if invested at 20% compounded quarterly? 9.5…

A: Compound Interest Formula:A=P1+rnWhere P= Initial amount           r= interest rate per period…

Q: The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much…

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Q: Jen wants to have $21,000 in 10 years. Calculate how much she should invest now at 6% interest,…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A: t = 2.5 years

Q: Find the time required for an investment of 5000 dollars to grow to 8500 dollars at an interest rate…

A: Solution  The formula  for compound interest is A=P*(1+rn*100)nt.............................(1)…

Q: Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate…

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Q: Find the interest rate needed for an investment of $8,000 to triple in 15 years if interest is…

A: To find the interest rate needed for an investment of $8000 to triple in 15 years if interest is…

Q: At what normal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: Find the interest rate needed for an investment of $9,000 to grow to an amount of $9,900 in 3 months…

A: Step 1Amount = $9900, Principle = $9000n = Compounded monthly = 12 months in a yeart = 3 months =…

Q: If $500 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: Given,            Initial investment amount, P =$500            Rate , r =2.5 %            Time, t =…

Q: How much will you get out from 1000 that grows at 9% compounded monthly at the end of 17 years?

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Q: How long will it take for money to double itself at 8% compounded quarterly? (Assume a principal…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

A: Given that: Yield is being reinvested quarterly, hence its quarterly compounding

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

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Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 3% per year, with yields reinvested…

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Q: How much should you invest each month in order to have $500,000 if your rate of return is 2.7%…

A: Given, Compound interest, A=$500,000 Annual interest rate, r=2.7100=.027 Compound per year, n=12…

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

Q: What rate compounded semi-annually will double any amount principal if it is invested in 13 years?…

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Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 5% per year, with yields reinvested…

A: Present Value = $10,000 r=5%=0.05t=7 yearsn=4  compounded quarterly   Formula used: FV=PV1+rnnt

Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

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Q: If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Find the time required for an investment of 5000 dollars to grow to 7000 dollars at an interest rate…

A: We will solve the following.

Q: Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate…

A: A=P1+rnntGiven , A=6500           P=5000          r=0.0756500=50001+0.07544t

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: The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4%…

A: Given that - Present Value (P) of that cash flow is,FormulaFV/(1+i)^tWhere,FV = Future Valuei = Rate…

Q: Find the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate…

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Q: At what nominal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: Find the time required for an investment of 5000 dollars to grow to 8800 dollars at an interest rate…

A: Given data: The principal is P=$5000. The amount is A=$8800. The rate of interest is r=7.5%=0.075…

Q: t what nominal interest rate compounded quarterly will a certain amount of noney be equal to 1.5…

A: Please refer to the image below

Q: Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate…

A: Given: investment amountP=$5000, rate of interestr=7.5% per year compounded quarterly and amountA…