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.) months years and (b) Interest is 7% compounded continuously. (Round your answer to three decimal places.) years

Q: Suppose $15,000 is invested in an account with an APR of 4.5%. If the interest is compounded…

A: FV=PV×1+Rmm×n where, FV = FUTURE VALUE PV= PRESENT VALUE R = RATE/ APR m= NO OF COUMPOUNDING IN A…

Q: In how many years is required for ₱2,000.00 to increase by ₱3,000.00 if interest at 12% compounded…

A: Given information: Present Value ₱2,000.00 Future value ₱5,000.00 Interest rate 6.00%

Q: At what nominal rate, compounded every 2 months, would $14,000.00 have to be invested to amount to…

A: Nominal rate = r 2 Months rate = r/6 = 0.166666666666667r Investment (PV) = $ 14000.00 Future value…

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

A: Using excel NPER function

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: If $5,000 is invested at an annual rate of 6.5% compounded continuously, the future value S at any…

A: Information Provided; Principal = $5000 Annual rate = 6.5% compounded continously

Q: Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the…

A: Compound interest formula: A = P(1+r/n)^nt Where A is the future amount, P is the principal, r is…

Q: $4000 is invested for a period of 5 years at a rate of 8%, compounded every 2 months. What will be…

A: Future Value The future value is the amount that will be received at the end of a certain period.…

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: 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: 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: If interest is compounded semi-annually (twice a year), and the interest rate is 3% per 6 month…

A: Present value is the current value of a specified amount you will received in a future date,…

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: Use the formula for compound interest with n compoundings per year to solve:How long, to the nearest…

A: Compound interest: The amount of interest received or earned for multiple-interest time periods, on…

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: What annual rate of return is earned on a $5,000 investment when it grows to $9,000 in five years?…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: If $650 is invested at 6% compounded (A) Annually, (B) Quarterly, (C) Monthly, what is the amount…

A:

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: 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: Suppose that $2700 is invested in an account with an APR of 3.9% compounded continuously. Determine…

A: Future value = Present value*e^rate*time

Q: If $9,000 is invested at 6% per year compounded monthly, the future value S at any time t (in…

A: Future Value(FV) is value of any present amount in future period. It is computed by compounding that…

Q: What annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years?…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: A person wants to make two individual investments, one today and one in six months at a rate of 18%…

A: monthly rate = 18%/12 = 1.5% X * 1.01512 + 5,000,000*1.0156 = 10,000,000 X = 3,791,163.26

Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: The investment value can be calculated as future value of annuity due

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: 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: what is the average EAR on an investment that earns 6% APR with monthly compounding for 5 years,…

A: The EAR is calculated for the compounded interest which shows the single rate that will provide same…

Q: Consider a floor that has a principal amount of $10 million. The tenor is 3 months, the life of the…

A: The London Interbank Offer Rate, as well as LIBOR, seems to be the interbank market's reference…

Q: Suppose that $1,000 is invested at 5% interest compounded monthly. Use the formula A = (1+)". (a)…

A: The compounding factor is the value that denotes the number of periods the compounding is made in a…

Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: If you make quarterly deposits for 3 years into an account that compounds interest at 1% per…

A: The formula of future value of an annuity:  FV =A × (1+r)n-1r  where  A = Annuity amount  FV =…

Q: If $87,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

A: The interest rate is 5.6%, compounded quarterly. Interest rate per quarter is (5.6% ÷ 4) = 1.4%. The…

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: Calculate if $10,000 is invested at interest rate of 12% per annum, what is the amount after 3 years…

A: The provided information are: Present value (PV) = $10,000 Interest rate (r) = 12% = 0.12 Number of…

Q: How long will it take the money to double itself if invested at 16% compounded quarterly? In how…

A: Convert 16% compounded quarterly to its equivalent interest rate for annual interval. Here, 'r'…

Q: What quarterly compounded nominal interest rate is earned on payments of $215 paid at the beginning…

A: An annuity is a payment plan where a fixed recurring amount is paid in return for a lump sum amount.…

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 a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each…

A: The future value of an amount can be defined as the value of the amount at some future point of…

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: Suppose that $1,000 is invested at 5% interest compounded monthly. Use the formula A (a) How long…

A: Investments are the funds that are invested or parked in a financial instrument for a particular…

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: Using the rule of 72, approximately how many years are needed to double a $500 investment when…

A: GIVEN ÷ Investment amount = $500 Interest rate = 10%