How long would it take an investment to double under each of the following conditions? (a) Interest is 3.3% compounded monthly. (Enter your answer as a whole number of years and months.) 254 X years and 4 months (b) Interest is 7% compounded continuously. (Round your answer to three decimal places.) 6.5 X years

Q: If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously,…

A: We need to use the formula of continuous compounding belowA=P(e)rn  where   A=future valueP=present…

Q: If ​$8000 is invested at 6​% compounded​ continuously, what is the amount after 6 ​years?

A: Investment=$8000Interest rate=6%Number of years=6

Q: how much more interest will be earned if $4500 is invested for 7 years at an annual rate of 11%…

A: Given information: Present value is $4,500 Number of years is 7 Interest rate is 11%

Q: What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% . What is…

A: Simple interest is interest on investment without any compounding. Compound interest is the interest…

Q: Suppose that $1,000 is invested at 3% interest compounded continuously. Use the formula A = Pert (a)…

A: Accumulated value is given by  A = Pe^(rt) Where, A = 1250 P = 1000 r = 3% t = time =? Therefore,…

Q: How many years (and months) will it take $2 million to grow to $4.00 million with an annual interest…

A: Years (and months) will it take $2 million to grow to $4.00 million with an annual interest rate of…

Q: How many years will it take for $500 to grow to $1,039.50 if it’s invested at 5 percent compounded…

A: Investment amount (P) = $ 500 Future value (FV) = $ 1039.50 Interest rate (r) = 5% Number of years =…

Q: A MAN INVESTED 1/3 OF THE SUM AT 7% , 1/4 AT 8% AND THE REMAINING AT 10% FOR ONE YEAR. IF THE ANNUAL…

A: Let the investment amount be A

Q: How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly? What…

A: As you have asked a multiple subpart question, we will answer the first three subparts for you. To…

Q: Find the amount at the end of 5 years and 4 months if P8,000 is invested at 93% compounded…

A: Invested amount is P8,000 Interest rate is 93% compounded quarterly Time period is 5year and 4…

Q: Assume the annual interest rate is 6%. Calculate the value of an investment that pays $100 every two…

A: Present value of perpetuity is = cash flow/rate

Q: How long would it take you to double your money in an investment if it earns 5.75% compounded…

A:

Q: What is the compound interest if $47,000 is invested for 10 years at 8% compounded continuously?…

A: The formula used as follows: A=Pert

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: Find the time required for an investment of 4,000 dollars to grow to 14,000 dollars at an interest…

A: Present Value = Future Value * [  1 / ( 1 + Rate ) ]N

Q: An investment of ​$2600 earns interest at 7.2 ​% per annum compounded quarterly for four years. At…

A: Compound interest is a method of calculating interest on the principal amount by considering the…

Q: What is the value of an investment that pays $54,000 every other year forever, if the first payment…

A: In the given question we require to calculate the value of investment that  pays $54000 every year…

Q: How many years are required for P 1,000 to increase to P 2,000 if invested at 9% per year compounded…

A: Future value is obtained by compounding the present value using the appropriate rate of interest.

Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…

A: Question is based on the concept of Time value

Q: Find the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate…

A: The time can be computed using excel as follows:

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: With an interest rate of 8% compounded semiannually, the value of a $1,000 investment after 10 years…

A: Investment amount (X) = $1000 Interest rate (r) = 8% per annum = 4% semiannually Duration (n) = 10…

Q: How long would it take an investment to double under each of the following conditions? (a) Interest…

A: (a)Interest Rate = 3.3%Type of Compounding = MonthlyNumber of Compounding = 12 Assumption:Present…

Q: What is the compound interest if $170,000 is invested for 3 years at 12% compounded continuously.…

A: Investment (P) = $ 170,000 Period (t) = 3 Years Interest rate (r) = 12% Mathematics constant (e) =…

Q: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…

A: Present value means the current value of future money or cash flow given a specified rate of return.…

Q: What is the difference in future value if $20,000 is invested at 5% over ten years, with one option…

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

Q: If $0,000 per quarter is invested in an account that eams a nominal annual interest rate of 9%…

A: The amount in the account at the end of the 6 years is the future value. The nominal annual rate…

Q: How long will it take $700 to double if it earns the following rates? Compounding occurs once a…

A:

Q: (Solving for n with non-annual periods) Approximately how many years would it take for an investment…

A: In the given problem we need to calculate the number of years(time period) that make the investment…

Q: set up an equation and solve each problem. Suppose that $500 is invested at a certain rate of…

A: Introduction Future Value:  The utility of cash or an asset at a future date is referred to as…

Q: how many years are needed to double a $100 investment when interest rates are 5.25 percent per year?…

A: Rule of 72: It is a method used to compute how long it will take for an investment to double its…

Q: Suppose that $1,000 is invested at 3% interest compounded continuously. Use the formula A = Pert.…

A: In this question we have three parts and we need to answer them one by one.

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

A: Principal Value = P = $5,000 Amount Value = A = $8,000 Interest Rate = 7.5% Compounded Quarterly = n…

Q: How long will it take an investment to triple if it earns: o. 9.4% compounded annually? (Do not…

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

Q: Find the time it takes for $5,100 to double when invested at an annual interest rate of 9.9 %6,…

A: Investment amount (P)= $5100 Annual Interest rate (r)= 9.9% compounded continuously Time period to…

Q: If an investment of $5,000 is made in an account returning 2% ,then how long will it take for the…

A: Future value is the value of the current assets or some amount that is invested today and amount…

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: 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 much invested now at an interest rate of 10% compounded annuallywould be just sufficient to…

A: Present value is the current worth of the amount that is expected to be received in some future…

Q: How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly? What…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: ind the time required for an investment of $5,000 to grow to $6,600 at an interest rate of 7.5% per…

A: Principal Value = P = $5,000 Amount = A = $6,600 Interest rate = R =  7.5% The compounded quarterly…

Q: How long would it take an investment to double under each of the following conditions? (a) Interest…

A: Part (a) If Future Value = FV and present value = PV then,FV = PV x (1 + i)n where i = interest rate…

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…