How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually? Round to the nearest year and show your work

Q: You plan to invest $50,000 today at an annual interest rate of 12% over 5 years. What the future…

A: Following details are given in the question: Present value (Investment today) = $50000 time period =…

Q: How much should an investor pay today for a real estate investment thatwill return $20,000 at the…

A: Formula:

Q: You deposit $19,000 today in an investment account and the annual rate of return is 12%, what will…

A: Formulas: Future value = Present value *(1+rate)^years

Q: What present value amounts to $15,000 if it is invested for 20 years at 8% compounded annually?…

A: Present Value = Future value / (1+r)^n Where, r = rate of interest i.e. 8% n = no. of years i.e. 20…

Q: If $2500 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

A: The formula used as follows: A=P1+rnnt

Q: An investor is considering an investment that will pay $2,290 at the end of each year for the next…

A: The payment required to be made can be calculated with the help of PV function.

Q: an investor paid$58000 for an investment. he will get$5780,for every 2 years(forever). what is his…

A: 5780= [58000×{(1+r)^no. of years)}]-58000 5780= [58000×{(1+r)}]-58000 [{(5780+58000)÷58000}-1]÷2…

Q: How long will it take for $4,000 to grow to $7,000 if the investment earns an interest rate of 16%…

A: Given information: Future value is $7,000 Present value is $4,000 Interest rate is 16% compounded…

Q: An investment will return $125 at the end of each month for 5 years and then $250 at the end of each…

A: Value at the end of 5 years of $250 received for next 3 years every month, can be calculated as…

Q: If you invest $1,000 each month for five years, what will be the value of the investment after five…

A: The below formula can be used to calculate future value:

Q: terest, compounded monthly, for 2 years. Use the compound interest formula to calculate the compound…

A: In this we have to use future value formula to get future value.

Q: You are considering an investment costing $300,000. If you want to recover the initial investment,…

A: Formula:

Q: How many years does it take for an investment of $280,000 to accumulate to at least $425,000 at 15%…

A: The calculation method where interest on interest is charged is known as Compound Interest. It is…

Q: If you have $4500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…

A: Amount available now (PV) = $4500 Period = 10 Years Monthly period (n) = 10*12 = 120 Interest rate =…

Q: How long would it take you to double your money in an investment if it earns 5.75% compounded…

A:

Q: a) How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $…

A: Investment Amount = $49,000 Time period = 10 years Rate of interest = 8% compounded continuously.…

Q: How much will I have 8 years from now, if I will invest $10398 at the end of each three months for…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: Find the time required for an investment of 4,000 dollars to grow to 14,000 dollars at an interest…

A: Present Value = Future Value * [  1 / ( 1 + Rate ) ]N

Q: What annual rate of return is earned on a $5,000 investment when it grows to $9,000 in five years?…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: An investment of $40,000 yields a net annual income of $8,000 for 11 years. What is the annual…

A: Information Provided: Present value of investment = $40,000 Annual Income = $8000 Term = 11 years

Q: If 35900 dollars is invested at an interest rate of 6 percent per year, find the value of the…

A: Future value refers to the future worth of a money that has been invested now. Future value of money…

Q: An investment offers $8800 per year for 14 years with the first payment occuring one year from now.…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: A person wants to make two individual investments, one today and one in six months at a rate of 18%…

A: monthly rate = 18%/12 = 1.5% X * 1.01512 + 5,000,000*1.0156 = 10,000,000 X = 3,791,163.26

Q: After 3 and a half years, the value of Joey's investment is at $200 000. How much was his initial…

A:

Q: What annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years?

A: Future value is the value of assets at a future date given a growth rate. This is used for financial…

Q: An investment promises to pay you $80 per year for twenty years and, in addition, at the end of the…

A: The problem is to find the price that will be willing to be paid today for cashflows to be generated…

Q: An investment will pay you $10,000 in 10 years, and it also will pay you $400 at the end of each of…

A: The amount to be paid for the investment is calculated as the present value of annuity plus the…

Q: An investment promises to pay $6,000 at the end of each year for the next three years and $4,000 at…

A: Question 1 is the case of ordinary annuity while question 2 is the case of an annuity due as the…

Q: If you invest a lump-sum amount of P25,000 at an interest rate of 12%, compounded annually, how much…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Suppose you have an investment worth $800 and you want it to increase in value by 400%. a) What is…

A: Investment amount = $ 800 Increase in value = 400%

Q: You are considering an investment that will pay you $1,200 per month for three years. The first…

A: An annuity is a series of equal payments occurring at regular intervals. The present value is…

Q: How much should be deposited now by Mr. Cesar Mariano in an investment paying an annual rate of 14%…

A: Compound interest is given by following formula:   A = P × (1 + r)n   Under this, interest is earned…

Q: an investor paid $58000 for an investment.he will get $5780 for every 2 years forever.what is his…

A: Given: Investor paid = $58,000 Two years amount = $5,780

Q: an investment offers 3850 per year for 15 years, with the first payment occurring one year from now.…

A: Here, Annuity Amount is 3850 Interest Rate is 6%

Q: it is desired to save $20,000 by depositing $800 every 3 months in an investment that pays 8%…

A: Annuity means a set of finite number of payments which are the same in size and made in equal…

Q: An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300…

A: Time value The amount of money received today has more value than that of receiving the same amount…

Q: how much will your investment be worth after the last $385 payment is made? (b) What will be the…

A: Future value is the value of an asset possessed by an investor whose value grows and is measured at…

Q: Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find  the value of the…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: If you invest $15,000 in a long-term venture, you will receive $1,100 per year forever. The first…

A: In this we need to calculate the present value of all cost and benefits.

Q: To accumulate $85,000 in 6 years, you must invest $_ now, to the nearest whole dollar value, if the…

A: Principal amount invested now will become certain amount after certain period of time at specific…

Q: How much should be deposited now by Tom Cruise in an investment paying an annual rate of 16%…

A: Answer: Calculation of the amount that should be deposited now by Tom Cruise to realize $300,000 in…

Q: Dave put $22,000 in an investment that is compounded yearly at a rate of 7%. The investment is over…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: You plan to invest $200,000 today at an annual interest rate of 12% over 10 years. What will be the…

A: Following details are given in the question: Present value (Investment today) = $200000 time period…

Q: A person invest $20000 in a project and earn 20 percent per annum continuously. Calculate; (a) the…

A: Time value of money is the concept that is used in finance for evaluating the worth of money…

Q: If an investor wanted to grow a continuously compounded investment of $1000 to $1250 in 3 years,…

A: Computation of rate of interest:

Q: Approximately how many years would it take for an investment of $5,250 to accumulate to $15,000,…

A: Calculate the number of years by using present value table.

Q: How much will I have 8 years from now, if I will invest P10,765 at the end of each three months for…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: An investor deposits a sum of Rs 100,000 in an investment company with a promise of a rate of return…

A: The effective annual rate is the rate of interest an investment generates after taking all the…

Q: How much is the present value of your investment if you invest P2,000 semi-annually at start of…

A: The present value of annuity due is the present value of a series of cash payments that are expected…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.