How long will it take for an investment to fivefold its amount if money is worth 14% compounded continuously? 12 13 14 O 1
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- Find the compound interest at the end of the 10 years for 5000 at 8% compounded quarterlyHow many years will be required for a sum of money to double, if the annual interest rate is 10%, compounded quarterly? (correct answer: 5.66)44. What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually?
- 66. How many years will be required for a sum of money to double, if the annual interest rate is lo%, compounded quarterly?14. How many years will be required for a given sum of money to be 4 times the principal amount, if it is deposited in a bank account that pays 6.97% per year, compounded annually? Round up to the nearest whole number.A man wants to make 14\% nominal interest compounded semiannually on a bond investment. How much should the man be willing to pay now for a 12\% P10,000-bond that will mature in 10 years and pays interest semiannually? D. 8,509 C. 8,950 B. 8,590 A. 8,905 *in written solution please with regards to the choices
- 1. An investment of ₱ 8250.50 increases by ₱ 10,200.50, if invested at 7% compounded quarterly. Find the term of the investments in years. A. 46.4 years B. 25.1 years C. 11.6 years D. 2.9 yearsYou invested $18517 for 10 years at 4.92% per annum. How much more would you receive at the end of the period if the money invested is compounded monthly rather than compounded annually? a. 856 b. 322 c. 3574 d. 1759 e. 101121 Determine the interest rate in % compounded annually if the compound amount factor is 1.569 for a period of 6 years. Express your answer in 3 decimal places.
- what is the balance and amount of interest earned if $2500 is invested at 6% compounded monthly for five years?17. Determine the present worth of the following cash flows based on an interest rate of 6.76% per year, compounded annually. Round off to two decimal places. End of Year 0 = Php 5323 End of Year 1 = Php 5906 End of Year 2 = Php 5906 End of Year 3 = Php 5697 End of Year 4 = Php 5030 End of Year 5 = Php 5548An asset originally costs P500,000 depreciates in value each year by 10% of its value at the beginning of that year. A. Find its book value when it is 6 years old?