Q: How many years will it take $540 to grow to $11,515.44 if it is invested at 12 percent compounded…
A: In the above question we need to compute the number of years it will take to grow $540 to $11515.44…
Q: How long will it take to triple the sum of money at 6% annual percentage rate?
A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…
Q: How much must you invest at 12% interest, compounding quarterly, in order to see your investment…
A: The amount of investment can be calculated by discounting the future value using the appropriate…
Q: How long will it take money to double if it is invested at 5% compounded weekly?
A: Compound interest takes into account the interest accrued on a principal and thereby it is called as…
Q: If $19,000 is invested at 3% compounded monthly, what is the amount after 4 years?
A: FUTURE VALUE is the value of current cashflow at the future date compounded at the specified rate.…
Q: What interest will be earned if $6000 is invested for 5 years at 11% compounded monthly? (Round your…
A: Using excel FV function
Q: Approximately how many years does it take to double a $600 investment when interest rates are 6…
A: In the above question we need to compute the time period i.e. number of years required to make the…
Q: What is the PV of the perpetuity paying $5 each month, beginning this month, if the monthly interest…
A: Here, Monthly Payment is $5 Monthly Interest Rate is 0.5% Monthly Growth Rate is 0.1%
Q: If interest is compounded at 6.5% per year, how long will it take for $50,000 to accumulate to…
A: Present value = $50,000 Future value = $88,600 Interest rate = 6.5% Let time taken = n years
Q: If money is worth 4% compounded monthly, what payment at the end of each quarter will replace…
A: The cash flows discussed are a form of annuity wherein an equal amount is paid over each period.
Q: How many years will an amount triple itself if invested at 10% compounded weekly?
A: In weekly compounding, each interest period is dividend into 52 weeks and interest is computed for…
Q: How long would it take you to double your money in an investment if it earns 5.75% compounded…
A:
Q: What nominal rate per quarter is equivalent to an effective rate of 12.7% per year, compounded…
A: Effective Annual Rate: The effective annual rate of interest is the actual or the real rate of…
Q: With an interest rate of 10 % how long does it take for an invest- ment to triple, if the interest…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: Suppose that $4000 is invested each quarter, for the next 10 years. What is the future worth if the…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: 1. Determine how long will it take for a money to quadruple itself if invested at 15% compound…
A: Quadruple means 4 times
Q: How long would it take money to triple if it is invested at 6% compounded semi-annually
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: How long will it take $4,000 to grow to $23,000 if it’s invested at 7% compounded monthly ?
A: Given information : Initial investment (P) = $4,000 Future amount to be received (A) = $23,000…
Q: How long will it take money to triple itself if invested at 8.35% compounded quarterly? What is the…
A: The number of years it will take for the money to triple can be computed with the help of NPER…
Q: With an interest rate of 15 % how long does it take for an invest- ment to quadruple, if the…
A: Future Value formula with periodic compounding i.e. annual, monthly, semi-annual or quarterly…
Q: At 8% compounded annually, how long will it take 750 to double?
A: Given information: Present value is $750 Interest rate is 8% Future value is double the present…
Q: What is the future value at the end of year 2 of an income stream that starts out at $2400 per month…
A: Monthly Payout = 2400 Decreases by 75 Monthly Compounding Number of compounding periods = 12 Time…
Q: About how many years would it take for your investment to grow fourfold if it were invested at an…
A: A purchase of an object or thing with the intention of producing revenue or increasing in value is…
Q: How much more interest will be earned if $5000 is invested for 6 years at 7%, compounded…
A: a) 7% compounded continuously Future Value = Present value * e^rt Where r =rate of interest i.e. 7%…
Q: How many years will it take an investment to triple if the interest rate is 6% compounded annually?
A: In the given question we are required to compute the number of years that will make the investment…
Q: How long will it take for an investment to increase by 139% its amount if money is worth 14% comp.…
A: Given, Amount will be 139% at the end of the period So, Let's assume amount now is 100 amount at…
Q: What simple interest rate is equivalent to 5% compounded quarterly if money is invested for 10…
A: Concept. 1. Simple interest formula. SI = P × N × R…
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: Find how long it takes $800.00 to double if it is invested at 77% compounded annually. It will take…
A: Future value: The value of the asset at some future date which is based on the assumed growth rate…
Q: How long will it take money to double if it is invested at 6.5% compounded daily?
A: To determine the time taken to double the investment at 6.5% compounded daily.
Q: How much must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your…
A: For the above calculation, we need to use the following formula A = P ( 1 + r / n )^nt Where A…
Q: You have $900 to invest today. In how year will be double if you invest it an interest rate if 11%…
A: Given: Principal = 900 Amount =1800 Interest rate = 11% Compounded quarterly Time = ???
Q: What is the future equivalent of $1,000 invested at 6% simple interest per year for 3 years?
A: Simple interest is the type of interest that is calculated on the principal amount invested, it is…
Q: How many years will it take an investment to quadruple if the interest rate is9% compounded…
A:
Q: What will $82,000 grow to be in 11 years if it is invested at 8% and the interest rate is…
A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…
Q: A sum of money is invested at a rate of 7 percent per year compounded annually. How long it will…
A: Rule 72 refers to the rule which makes it a simple calculation for the person to determine that in…
Q: Give a detailed answer to the theoretical question: How many years will it take for money to…
A: Let the Present value be $100 the money increase by 85% Future value = $100 x 1.85=$185 rate (r)=…
Q: How long, to the nearest tenth of a year, will it take $50,000 to triple in value at 7.5% annual…
A: Formula to calculate time: A = P*e^rt Where A is final principal, P is the initial principal, r is…
Q: How long, to the nearest year, does it take an investment at 6% compounded annually to…
A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…
Q: How many months does it take for a present sum of money to double if the nominal interest rate is…
A: The present value of a sum will be double when the interest accumulated on it will be equal to the…
Q: How long would it take your money to double itself if it is invested at 6% simple interest,…
A: Continuous compounding is the mathematical limit that compound interest can reach if it's calculated…
Q: In how many months will P10,000 earn a compound interest of P2,000 if money is worth 12% compounded…
A: To calculate the number of months we will use the below formula CI = [P*(1+r)n]-P Where CI -…
Q: If P100 is placed in an account that requires a rate of return of 4%, compounded quarterly, what…
A: Future Value is the value of the current assets or some amount that is invested today and amount…
Q: How long will it take money to triple if invested at 8% compounded annually?
A: Solution The problem is related to the time value of money Let us solve this question with a present…
Q: the savings account that yields 12% compounded quarterly, what would our investment grow to at the…
A: The given problem can be solved using FV and EFFECT function in excel. FV function computes future…
Q: How long will a particular amount of money to double itself if it is earning interest at an annual…
A: Using excel NPER function
How long will it take for money to double if invested at 6% compounded quarterly?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one year from now and the rate is 8%?How much will you accumulate if $200 per quarter is invested at a rate of 8% per year compounded quarterly?How long will it take the money to double itself if invested at 16% compounded quarterly? In how many years are required for P3,000.00 to increase by P5,000.00 if it earns 12% compounded semi-annually?
- If $8000 is invested at 6% compounded continuously, what is the amount after 6 years? round to the nearest cent.How long does it take (approximately) for the invested sum of 1000 euros to double if 6% annual interest is being compounded monthly?How long will it take $4,000 to grow to $23,000 if it’s invested at 7% compounded monthly ?
- How much must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your answer to the nearest centHow much will be the equivalent worth of ₱2M invested today for three years at a commercial rate of 10% compounded quarterly?How long will it take an investment of $5000 to triple if the investment earns interest at the rate of 4%/year compounded daily?