How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that pays an annual interest rate of 15%, compounded annually?

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: To the nearest penny, how much would you have to invest right now in a fund paying 5% continuously…

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Q: Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of…

A: Simply use the formula of the Compound interest.

Q: how long will it take for the amount in the account to reach $12,000?

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Q: Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How…

A: Given that t=time=4 yearsr=interest rate=2%=0.02A=annuity=$15000n=number of times compounded in a…

Q: an investment of $7740 grows to $9635 in 6 years at continuously compounded interest, what is the…

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

A: Formula used:The simply annual compound interest formula

Q: An investment of $10,000 compounded continuously for 30 years at 10% will be worth.

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Q: How long will it take for an investment to at least double its original amount if it is growing at…

A: Given:   Grow rate = 5.76%   Compounded semi annually ( n ) = 2

Q: Find the time required for an investment of 4,000 dollars to grow to 10,000 dollars at an interest…

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Q: What rate of interest compounded annually is required to triple an investment in 11 years? The rate…

A: Recall: Compound interest Formula:                 A=P(1+rn)nt ; where A- Amount after t years…

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: An artist currently has $840,000 to invest and her goal is to use these resources to acquire a $1.5…

A: From the given information, it is observed that P = $840,000, t = 6 and A = $1,500,000. Here, the…

Q: how long will it take for 16200 to double if it is invested at 5.5% compounded quarterly

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Q: What rate of interest compounded annually is required to double an investment in 3 years?

A: Consider the principal is "p". Then the amount is given as A=2P. The time is t=3 years. The…

Q: How long will it take to triple the sum of money invested at 12% compounded monthly?

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Q: How long will it take P1000.00 to amount P1,346.00, if invested at 6% compounded quarterly.

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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: You have saved $7,000 towards the purchase of a car costing $9,000. How long will the $7,000 have to…

A: solution of the given problem is below ...

Q: What rate of interest compounded annually is required to triple an investment in 10 years

A: Compound interest formula: A=P 1+rnnt. Given that rate of interest compounded annually is required…

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 long did it take for an investment of $27,500 to grow to at least $30,000 at 2.25% compounded…

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Q: how many years will it take for an initial deposit of p dollars to double if interest is compounded…

A: Given,           The initial deposit is p dollars and the rate of interest is 3%.

Q: invested at a bond growing at an average rate of 8.25% compounded monthly if its value at maturity…

A: Maturity value: The amount due and payable to the holder of a financial obligation as of the…

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 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: what rate of interest compounded annually is required to double an investment in 3 years?

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Q: How much money should be invested monthly at 6% per year, compounded monthly, to have $2000 in 8…

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Q: How long did it take for an investment of $23,750 to grow to at least $27,000 at 2.25% compounded…

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Q: Mike and Terri estimate that they want to buy a house for $174,000.00, and they need to make a down…

A: Given data:   The given cost of a house is C=$174,000.00. The given percentage of the down payment…

Q: Suppose $9500 is invested at 6% interest, compounded annually.  Approximately how long will it take…

A: Given Principal =$9500  rate =6% compounded annually Amount = $12,000

Q: An investment of $2000 grows at a rate of 3% per year, compounded quarterly. How long will it take…

A: topic - compound interest

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

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Q: Barbara knows that she will need to buy a new car in 6 years. The car will cost​ $15,000 by then.…

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Q: How much should you invest now at 5% compounded quarterly to have $8000 in 4 years?

A: As in compound interest quarterly A = P1+rnnt

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

A: Given Joshua invested $99,000 in an account paying an interest rate of 412% compounded continously…

Q: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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Q: Francis wants to have 22000 in 10 years calculate how much he should invest now at 8% interest…

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Q: How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000…

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Q: How long did it take for an investment of $25,000 to grow to at least $28,000 at 2.75% compounded…

A: Given: A = $28000 P = $25000 r = 2.75% We know the quarterly compound interest formula as A=P1+r44t.…

Q: Suppose you have $13,000 to invest. Which of the two rates would yield the larger amount in 4 years:…

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Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

Q: find the interest rate needed for an investment of $5000 to grow to an amount of $7000 in 9 years if…

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Q: If you need $50,000 four years from now, what is the minimum amount of money you need to deposit…

A: A = $50000 , R =3% , t=4 years1) Compounded annuallyA =…

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…

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: How long will it take $2,000 to grow to $24,000 if it is invested at 5% compounded monthly? years…

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Q: b. Suppose you as a businessman leave an initial amount of $600 in a savings account at an annual…

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Q: Find the investment needed to achieve $5000 when the investment was compounded quarterly at 2% for 6…

A: Given, A= the new balance = $5000 r =  the rate = 2% = 0.02 t = the time = 6 years n = the number of…