EXAMPLE 6 Rate of Interest Required to Double an Investment What annual rate of interest compounded annually should you seek if you want to double your investment in 5 years?

Q: Find the present and future values of a constant income stream of $4600 per year over a 4 year…

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Q: An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4%…

A: Consider that the given annual deposit is P=2000 and the interest rate for two years is r=4%.  And…

Q: a) Semi-annually means compounding period N = b) If interest rate is 6% compounded monthly, then…

A: a . N = 2   b.

Q: find X so that the net present worth of the investment is zero

A: answer is given in step2

Q: (c) According to Investopedia, even with very large investment amounts, the difference in the total…

A: Here, base amount= $15,000 and interest = 3.78%

Q: Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

A: Given,  Amount =$1,000Time =11 yearsRate =3.7% per year To find out the present value i.e. principal

Q: Present Value What lump sum investment will growto $30,000 if it is invested for 15 years at 7%,…

A: Given a sum will gives amount of $30,000 if it is invested for 15 years at 7% compounded annually.…

Q: A company will need $55,000 in 8 years for a new addition. To meet this g the company deposits money…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=55000 r=10%=0.1 t=8 years…

Q: wwwuvEE &T How long does it take for an investment to double in value if it is invested at 19%…

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Q: Price Appreciation of Homes What will a $90,000 condominium cost 5 years from now if the price…

A: Since you have posted multiple questions but according to guidelines we will solve the first…

Q: A certificate of deposit (CD) is a savings instrument that many banks offer. It usually gives…

A: The value of investment after t years , if amount P is deposited in a CD .

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: Example 4 A certificate of deposit (CD) is a savings instrument that many banks offer. It usually…

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Q: help finding compound interest $10,000 is deposited at 2.6% compounded quarterly. It will grow to…

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Q: How do I find the problem of this sentence? A passbook savings account has a rate of 7% Find the…

A: It is known that there are 4 quarters in a year.That is, n = 4.Interest rate is, r = 6% =0.06.

Q: Q6: Suppose £6500 is deposited at a nominal rate of interest of 5 % per annum. Calculate: The value…

A: The Principal amount invested P = 6500 rate of interest R = 5% per annum (a) The value of investment…

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

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Q: Determine the value of an account at the end of 10 years of a principle amount of $16000 is…

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Q: you deposit  $15000 in a bank that its interest rate is 3%  annual interest compounded annually (…

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Q: Lee put $10,000 into the stock market index mutual fund that group at an average of 7% per year for…

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Q: Money is invested in a saving account earning 5% interest compounded semiannually. How many years…

A: Sol: Let the principal amount, A = x Since they have not mentioned in the question whether interest…

Q: What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?…

A: We have to find the interest rate.

Q: Ipek places a continuous stream of $1,000 per year into a savings account which has a continuously…

A: To find the value of the continuous stream after 30 years

Q: a) An investment paying simple interest at the rate of 5% per year grew to $3,100 in 10 months. Find…

A: (a)  To find the principal amount with given data:

Q: Provide given and solution for the problem. An educator saves $5000 every 6 months in a bank that…

A: Given data:  An educator saves $5000 every 6 months in a bank. Bank pays 0.25% compounded monthly.…

Q: /hich represents the lowest interest that would be paid? Interest Rate of 8% with a Weekly…

A: We asked to find which is lowest interest that would be paid

Q: What interest rate would be necessary for $9,400 investment to grow to $13,200 in an account…

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Q: 3. Capital One has a 1-year CD paying 2.40% APY. If the stated or nominal interest rate is…

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Q: A community outreach program wants to set up a scholarship fund for students who demonstrate…

A: Formula for compound interest is,Intererst=invested amount1+interest ratenumber of times interest…

Q: YOu deposit $10000 in a bank that its annual interest rate is 8% compounded quarterly. What would…

A: We know that where,

Q: At the beginning of 1950, the population of a city was 3000 people. Due to tax incentives, the…

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Q: 26. Doubling your money Determine how much time is required for an investment to double in value if…

A: We have to find number of year

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

A: Given information Future value FV=$1,000 Rate of interest r=2% ⇒r=2100=0.02 Time t=6 years We have…

Q: Hello, please help, your help is greatly appreciated  (a)What lump sum do parents need to deposit…

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Q: 3. Doubling time is the amount of time it takes to double an initial deposit. You deposit $20,000 in…

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Q: Canary Company invested this year's profits of $83,800.00 in a fund that matured to $167,895.17 in 7…

A: We will find out the required value.

Q: At what rate do you need to invest money into a bank account earning continuously compounded…

A: Given, Principal = P  Rate of interest = r % per annum time period = n =  24 months = 2 years Amount…

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

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Q: Suppose $2,000.00 dollars is invested in an account for 20 years. Find the value of the investment…

A: Suppose $2,000.00 dollars is invested in an account for 20 years. We have to find the value of the…

Q: Help me fast.....I will give Upvote.......   Twins graduate from college together and start their…

A: It is given that twin 1 invests $2500 at the end of each year for 10 years. Therefore, the money…

Q: Example 2: How much was invested at 4% compounded semi-annually for 3 years if the final amount was…

A: (1) To find the Principal : Given, PV = ? FV = $7500. I% = 4% N = 3 years  PMT = 6 months C/Y =…

Q: You have $10,000 you want to invest. Your bank has several investment accounts to choose from, all…

A: Formula of compound interest is A=P1+rnnt

Q: The Nobel Prize Foundation   recognizes its  achievers by giving the equivalence of  $10,000,000.00…

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Q: ou deposit  $5000 in a bank that its interest rate is 5% simple annual interest ( note, no…

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Q: LUE OF MONEY It is now January 1, 2018, and you will need $1,000 on January 1, 2022, in 4 years. If…

A: Given: P=$750, t=3 years, FV=$1000, n=1 To find: r=?

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

A: Please see the answer in Step 2

Q: True or False? Bank A offers a simple interest with 10% annual rate. Bank B offers 10% interest rate…

A: Simple interest formula = (Prt) and  the compound interest (compounded yearly) = (P(1+r)t - P) =…

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

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Q: 38. Complete the table for a savings account in which interest is compounded continuously. A = Pe"…

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Q: You deposit $4000 in an account earning 4% interest compounded quarterly. How much will you have in…

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