Find the time required for an investment of $3000 to grow to $5000 at an interest rate of 7.5% per year, compounded quarterly. (Round your answer to two decimal places.) yr

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: Calculate the present value. (Round your answer to two decimal places.) A = $42,000, r = 7.8%…

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Q: Find the time required for an investment of 5000 dollars to grow to 7400 dollars at an interest rate…

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Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

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Q: Find the time required for an investment of 5000 dollars to grow to 6100 dollars at an interest rate…

A: The compound interest formula is given as where P is the principal amount, r is the rate of interest…

Q: Nancy wants to invest 2000 in saving certificates that bear an interest rate of 8.75% per year,…

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

A: We will use the compound interest formula to find the time.

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 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: An initial investment of 1,500 was put in a bank.  The yearly growth is 6% compounded monthly.  How…

A: FV=P(1+r/m)^mt

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: Inez wants to have $19,750 in 4 years. Use the present value formula to calculate how much Inez…

A: The future value is $19,750 and the time period is 4 years. The rate if interest is 7% and is…

Q: Find the annual percentage yield for an investment that earns 8 1/2% per year, compounded quarterly.…

A: Given that  an investment that earns 8 1/2% per year,  To find the annual percentage yield

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: 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 an investment of $9,000 to triple if the investment earns interest at the…

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Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

Q: An investment grows at 24% compounded monthly. How many years will it take to do the following?…

A: Consider the given information:

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: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

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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: Use the compound interest formula to determine how long it will take for a sum of money to double if…

A: Formula for compound interest:

Q: Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate…

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Q: The Smiths invest $10,000 in an account that grows to $12,000 in 5 years.  What is the annual…

A: The Smiths invest $10,000 time, t= 5 years Final amount=$12000  P=$10000 Compound interest,…

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: Given :          $12,000 to grow to $15,000 the investment earns interest at the rate of 4%/year…

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

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Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $11,000 in 4…

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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: Find the time required for an investment of 5000 dollars to grow to 8100 dollars at an interest rate…

A: Given that the investment value =5000final value =8100interest rate =7.5 per yearcompounded…

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: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A: The formula to find the amount A in an account after t years with principal P and an annual interest…

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: Nancy wants to invest $2000 in saving certificates that bear an interest rate of 9.75% per year,…

A: Refer  to the question we have to find the time period when investment of $2000 at the rate of 9.75%…

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

A: Solution:- calculate the time?

Q: Find the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate…

A: SOLUTION-

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: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=5000 A=6600 r=7.5%=0.075…

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

A: Initial investment (D) = $5000 Total amount (A)=$6300 Rate of interest ® =7.5% =75/100 =0.075 Since…

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

A: The objective is to find the time required for an investment of 5000 dollars to grow to 6700 dollars…

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: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

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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