Q: How long does it take (approximately) for the invested sum of 1000 euros to double if 6% annual…
A: Initial amount = 1000 Final amount =2000 Interest =6% In case of monthly compounding, monthly…
Q: 1. A company will have to spend $300000 on new plant in two years from now. Currently investment…
A: Present Value = $300,000 Time Period = 2 Years Interest Rate = 10%
Q: If you invest $5,000 now, and your investment pays 12% per annum, how much will you have in three…
A: Following information is given in the question: Investment today (Present value) = $5000 Annual…
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: If $4,000 is invested at 7% compounded annually. How long will it take for it to grow to $6,000,…
A: To solve the question, we need to use the concept of time value of money. According to the concept…
Q: How long would it take $1,000 to double if it were invested in a bank that pays 6% per year?
A: Data given is as follows: Investment (Present Value) = $1000 Investment (Future value) = $1000 * 2 =…
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: 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: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…
A: Future Value = Present Value (1 + g)n
Q: Suppose you will need $20,000 in 3 years. How much must you invest per month in order to have…
A: Present value is the current worth of the amount that is expected to be received in future date.
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 long will it take for money to double if invested at 6% compounded quarterly?
A: Compounded Interest: It is the method of calculating interest at the initial amount of…
Q: ow long (to the next whole day) will it take $10000 to turn into each of the following amounts, if…
A: Solution Given Interest rate =2.5% p.a Compounding =daily Present value =$10000
Q: With an interest rate of 8%, how long does it take for an investment of $10, 400 to grow to $20,…
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 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: If u make an investment of $3500 and the investment loses a continuous 5% each year, what will the…
A: Given information: Present value of investment is $3,500 Investment loses a continuous 5% each year…
Q: How much was initially invested if the value of the investment is at ₱200,000 after 3 and a half…
A: Present Value: It is the present worth of the investment amount, discounted at an interest rate for…
Q: How long will it take P1,000 to amount to P1,346 if invested at 6% compounded quarterly?*
A: Compound interest is when we invest the interest back and earn even more interest as a result.
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 for an investment to fivefold its amount if money is worth 14% compounded…
A: Interest rate (r) = 14% e = 2.7182818284590452353602874713527 Period = t Future value factor (FVF) =…
Q: What amount of money would have to be invested at 4.25% to grow to $15000 after 150 days?
A: Future value (FV) = $15000 Interest rate (r) = 0.0425 or 4.25% Number of days (n) = 150 days Lets…
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: 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: What amount three years from now is equivalent to $3000 due five months from now? Assume that money…
A: Compound interest is the additional interest on principal. It calculates interest on principal and…
Q: How long will it take $200 to double if it earns the following rates? Compounding occurs once a…
A: Present value is $200 Future value is 2×$200 = $400 Rate of Interest is 10% To Find:- Time period
Q: How long (in months) will it take for your investment to double at 5% interest?
A: This question would be solve by using the compounding interest formula and the formula is - A = P…
Q: If you have $15,000 today, and save $13,000 per quarter year at the end of the quarter while earning…
A: In this question we need compute the time period (number of quarters) required to accumulate…
Q: An investment of $30,000 is made. How long will it take to grow to $45,000 if the interest is a…
A: The investment is the allocation of money in financial instruments, property, etc. to earn the…
Q: What was a $4400 investment worth after 6 and 3/4 years if it earned 5.4% compound monthly?
A: Future value of a present value is the value of that amount after taking into account the time value…
Q: An investment that will give you monthly payments for 14 years costs $146,897. If your required…
A: An annuity is a series of cash flows that involve equivalent periodic amounts at equal time…
Q: If you want to accumulate $400,000 and you have $17,000 saved now, how many years will it take if…
A: GIVEN, PV = $17000 FV = $400,000 A= $490 R=4% M=12
Q: If you want to accumulate $80,000 and you have $10,000 saved now, how many years will it take if you…
A: Given:
Q: How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…
A: It can be calculated using following formula PV = FV / (1 + r / n)nt Where, PV = Present value FV =…
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: If $7000 is invested at 3% compounded continuously, what is the amount after 5 years? The amount…
A: Future value can be referred to as the value of an underlying asset or security at a future date.…
Q: How long will it take for a some of money to double if it is invested at 5% interest compounded…
A: The rule of 72 is used to determine the years taken by investment to double.
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: What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is…
A: The formula to compute future value as follows: Future value=Invested amount×1+rmn×m
Q: If you put $6,000 in a savings account that yields an 1% rate of interest compounded daily, what…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
How long will it take money to double if it is invested at 6.5% compounded daily?
Step by step
Solved in 3 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 long will it take money to double if it is invested at 5% compounded weekly?How long will it take $4,000 to grow to $23,000 if it’s invested at 7% compounded monthly ?
- 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?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 would it take for an investment of $3,500 to become $4,200 if it is invested in an account that earns 6% compounded monthly?If $19,000 is invested at 3% compounded monthly, what is the amount after 4 years?If $8000 is invested at 6% compounded continuously, what is the amount after 6 years? round to the nearest cent.