How long will it take for an investment to at least double its original amount if it is growing at 4.75% compounded monthly?

Q: A condominium complex was purchases by a group of private investors for $1.4 million and sold 6 yr.…

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Q: What is the value of a $200 investment which earns continuous compound interest of 2.5% annually for…

A: It is given that the initial principal balance is $200 and the rate of interest of 2.5% annually.…

Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: What rate of interest compounded annually is required todouble an investment in 6 years?

A: We know that, A=P1+rnnt         ...(1) Where A =  final amount. P = Initial principal balance r =…

Q: How many years will it take for an initial investment of $10,000 to grow to $15,000? Assume a rate…

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Q: how long will it take an investment of $300 to triple, if the interest rate is 9.5% per year…

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Q: Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%,…

A: Given: sum, P=$6,400 r=4%=4100=0.04 We have to find time in which given sum becomes double. So,…

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

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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 interest rate needed for an investment of $7,000 to grow to $10,000 in 9 years if interest…

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Q: Suppose that you have $10,000 to invest. Which investment yields the greatest return over 5 years 5%…

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Q: consider an investment where $43000 is invested for years at 8% compounded continuously? how much…

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Q: Find the time it takes for $6,700 to double when invested at an annual interest rate of 5%,…

A: (a) Given - Original amount=$6,700 Interest rate=5% , compounded continuously. To find - The time…

Q: How long does it take for an investment to double in value if it is invested at 16% compounded…

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Q: How long will it take for an investment to triple, if interest is compounded continuously at 7%?…

A: We can find the answer as below.

Q: How long will it take $5,000 to grow to $20,000 if it is invested at 7% compounded monthly? _____…

A: We know the formula for compound interest, A = P1 + rnnt Where,  A = Final amount.              P =…

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 will it take an investment to double in value if a 5% continuously compounded interest rate…

A: Rate=5%

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

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Q: Find the interest rate r needed for an investment of $4000 to grow to $28,000 in 6 years if interest…

A: We will use future value formula to find interest rate

Q: Find the interest rate needed for an investment of $10,000 to grow to $12,000 in 6 years if interest…

A: Given data: The investment is P=$10000. The final amount is A=$12000. Time taken is t=6 years.

Q: Find the effective yield of an investment that earns 2.85% compounded daily.

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Q: How many years are required for an investment to double in value if it is appreciating at the yearly…

A: The final amount when it is compounded continuously is given by  A=P0ert Where r = interest rate…

Q: 2. How long will it take$5000 to grow to $20,000 if the investment earns interest at the rate of 6%…

A: Given data,  Initial amount (P) = $5000 Final amount (A) = $20000 Interest rate (r) = 6% = 0.06…

Q: Find the interest rate required for an investment of$5000 to grow to $7500 in 5 years if interest is…

A: Given the principle of investment (P) =$5000 , amount after 5 years (A)=$7500 and time duration…

Q: Find the time it takes for $8,300 to double when invested at an annual interest rate of 11%,…

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

Q: Find the amount that results from the given investment. $300 invested at 6% compounded quarterly…

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Q: Suppose you invest $1200 at an annual interest rate of 2.3% compounded continuously. How much will…

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Q: You want to have $300,000 when you retire in 30 years. If you can earn 5% interest compounded…

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Q: You want to have $400,000 when you retire in 25 years. If you can earn 9% interest compounded…

A: Need to find how much money need to deposit into account to reach goal

Q: 4. How many years will it take for 500.00 to grow to P1,051.82 at 10 percent compounded annually

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Q: 4. How long will it take $2,000 to grow to $24,000 if it is invested at 7% compounded monthly?

A: Given that  P=Principal amount= $2000                                              A=Annual rate of…

Q: How much would you have to invest at 3% compounded continuously to make $45000 in 4 years

A: Given: interest=  3% compounded continuously Future amount= $45000 time= 4 years

Q: Suppose you invest $5000 and would like your investment to grow to $10,000 in eight years. What…

A: Given that the initial amount= P=5000 Final amount=A= 10000 Time=t= 8 years  n=number of times…

Q: How much more will an investment of $15,000 earning 6.5% compounded continuously for 5 years earn…

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Q: Find the time it takes for $790,000 to double when invested at an annual interest rate of 19%,…

A: Solution-

Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…

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Q: An initial investment of $5000 doubles in value in 6.3 years. Assuming continuous compounding, what…

A: Given Data, P = $5000 t = 6.3 years r = ?

Q: How long will it take a $600 investment to be worth $700 if it is continuously compounded at 11% per…

A: Write the continuous compound interest formula,

Q: Find the interest rate needed for an investment of $9,000 to grow to $13,000 in 3 years if interest…

A: Continuous compounded interest formula: The interest rate is compounded continuously at an annual…

Q: Suppose that you have $14,000 to invest. Which investment yields the greater return over 10 years:…

A: To Determine : Which investment yields the greater return . Given: Suppose that you have $14,000 to…

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

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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: Find the time it takes for $7,800 to double when invested at an annual interest rate of 14%,…

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Q: Find the time it takes for $6,600 to double when invested at an annual interest rate of 10%,…

A: NOTE** As per bartleby guidelines for more than one question asked only first is to be answered…

Q: find the value of an investment of $10,000 in 12 years if it earns an annual rate of 3.95%…

A: We have to find the value of an investment of $10,000 in 12 years if it earns an annual rate of…

Q: How long does it take an investment to triple at an annual interest rate of 6.45% compounded…

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Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

Q: How long will it take $3000 to grow to $4800 if it is invested at a 6.2% interest rate compounded…

A: To find time we use formula: In the Given problem A=$4800P=$3000r=6.2%n=12