How long will it take money to triple itself if invested at (9/100)% compounded quarterly? What is the effective rate of interest?

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: Assume you are investing $10,000 today for a given amount of time at a given interest rate. What…

A: To understand this concept, we need to differentiate between nominal interest rate and real interest…

Q: Assume that you borrow $5000 and pay back the $5000 plus $250 in interest at the end of the year.…

A: Real interest rate: Principle = $5,000 Interest = $250 Interest rate =  2505,000×100%=5%

Q: What rate of interest, compounded annually, would yield the same return after two years? (Answer in…

A: Information Provided: Earnings in first year = 0% Earnings in second year = 20.7%

Q: How long will it take to accumulate P10,000 to P18,000 if the interest rate is 8% compounded…

A: Present Value is P10,000 Future Value is P 18,000 Interest rate is 8% Compounded semi annually "n"…

Q: Suppose that you need to take out a loan today and anticipate being able to pay back $50,000 sixteen…

A: Let the loan amount = X Amount to payback (A) = $50000 n = 16 years

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: t what interest rate (compounded weekly) should you invest if you would like to grow $3,019.81 to…

A: Using excel rate function

Q: Find the future value of OMR10,000 invested now after five years if the annual interest rate is 8…

A: FUTURE VALUE FORMULA: simple interest : future value = present value ×1+N ×r compounding: future…

Q: If the interest rate on an account is 11.5% compounded annually, approximately how many years will…

A: The calculation table for the compounding is attached below.

Q: d. Using information from (la) only, what quarterly compounded interest rate should the bank quote…

A: The effective annual interest rate (EAR) is defined as the annual growth rate that takes compounding…

Q: How long will it take for monthly deposits of P500.00 to accumulate to be P150,000.00 at an interest…

A: Future Value: It is the future worth of the current amount compounded over a period of time at an…

Q: 1. $30,000 is invested at a compounded yearly interest rate of 6%, with the interest compounded…

A: Since you have asked a question with multiple sub parts, we will solve the first 3 parts for you as…

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: What is the present value of the following cash-flow stream if the interest rate is 12%? You receive…

A: In the given question we require to calculate the present value of the stream of cashflows.

Q: What are the future value and the interest earned

A: Future Value is the compounded interest on the present value of an asset. The worth of a current…

Q: An investment pays simple interest, and quadruples in 10 years. What is the interest rate?

A: Time Period = 10 Years

Q: approximately how many years would it take for an investment to grow fourfold if it were invested at…

A: Given: Rate=11%/4=0.0275Pmt =0Pv =$-1FV =$4

Q: What is the present value of $73,000 in 11 years if the interest rate is 8% compounded…

A: Formula of Prsent value interest factor = 1(1+rm)m×t where; r = annual interest rate m = number of…

Q: suppose you have$13000 to invest. which of the two rates would yield the larger amount in one year:…

A: Investment Amount (pv) = $13,000Interest Rate (rate) = 11%Type of Interest Compounded =…

Q: What single payment today would replace a payment of $1,700 in 2 years and a payment of $4,400 in 6…

A: Let the single payment today = X Payment in year 2 (P2) = $1700 (After 8 quarters) P6 = $4400 (After…

Q: What annual interest rate (APR) would cause $1,500 to grow to $2000 in 4 years when compounding is…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Annual interest rate = 8% Quarterly interest rate = 8%/4 = 2% Number of quarterly deposits = 8

Q: With a 0.07 interest rate, approximately how much money must be invested today in order to withdraw…

A: Amount invested today = P{[1 - (1 + r)^-n] / r}

Q: A. If money is worth 4% compounded monthly, what payment at the end of each quarter will replace…

A: Details of A: Interest Rate is 4% Compounding Period is Monthly i.e 12 Monthly Payment is P500.00…

Q: What is the annual percentage yield​ (APY) for money invested at an annual rate of (A) 4.37%…

A: APY (annual percentage yield) is used to estimate the potential gain from an investment or the final…

Q: In this problem: How much is the present value of monthly deposits of 500 in 8 years if the interest…

A: The present value of the amount represents the current value of the future cash flows. The…

Q: How long does it take for an investment to double in value if it is invested at 6​% compounded…

A:

Q: What is the value of the continuously compounded nominal interest rate r if the present value of 104…

A: In Continuous Compounding, Present Value = Future Value / e^(r*t)

Q: Engineering Economics & Process Analysis   If interest is compounded semi-annually (twice a year),…

A: The equivalent amount of money now is the present value of the future cash flow at an assumed…

Q: Suppose that an investment promises to pay a real 9% annual rate of interest and inflation rate is…

A: Answer Real interest rate = 9% Inflation = 3% Quarterly compounding

Q: How long does it take for an investment to double in value if it is invested at 5% compounded…

A: Assuming Investment = 100 Future value = 2*Investment = 200 Interest rate = 5% Continuous…

Q: How do I work this problem in excel? What will $82,000 grow to be in 11 years if it is invested…

A: Future value formula will be used. where,   Rate = 0.67%   Nper = 132 periods   PV = $82,000

Q: Suppose you wish to borrow $60,000 at an annually compounded interest rate of 16% for a period of 14…

A: Using the PMT function in excel

Q: The number of compounding periods in one year is called compounding frequency. The compounding…

A: Nominal rate of interest is the actual rate of interest charged by supplier of funds and paid by…

Q: Suppose you have a loan of amount P, and you plan to pay off the debt in 10 equal annual…

A: Calculation of the PV of the seventh installment of loan is shown below: Here: P = Present Value X…

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: 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: Suppose SBD Bank has RSA of $150m and RSL of $140m. If interest rates rise by 1 percent on both RSAs…

A: Given: Rate sensitive assets(RSA) = $150 Million Rate sensitive liabilities (RSL) = $140 Million…

Q: You see the following rate “X”: 0.3% compounded weekly A) What is the APR of X? B) What are the…

A: APR can be calculated by number of periods and interest rate per period.

Q: How long will it take an investment of $5000 to triple if the investment earns interest at the rate…

A: Compound interest is the interest we earn on interest. Compound interest is calculated on the basis…

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

Q: At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the…

A: The rule 72 states about how much time it will take to double the money or what should be the…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.