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A: Consider the compound interest formula. FV=P1+rnntwhere FV is the future value of the deposit…
Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?
A: Given, after 5 years investment is triple
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A: Since you have posted a multiple question according to guildlines I will solve first question for…
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Q: If $15,500 is invested at a rate of 7.5% per year compounded monthly a) after 1 month b) after 6…
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Q: 4. Leah is also planning to make annual contributions to an investment account that pays 4.5% annual…
A: . Leah is also planning to make annual contributions to an investment account that pays 4.5% annual…
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A: $5000 two years from today, interest is compounded quarterly at the rate of 2.5 per quarter
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A: Maturity value: The amount due and payable to the holder of a financial obligation as of the…
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A: As per guidelines,we will solve only first question. If you want solution of another question ,…
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Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…
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A: Given that P=$1000 r=5.60% n=12, t=4 years The formula for Compound interest is A=P1+rnn.t Where, A-…
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A: Answer=$10407.07
Q: 4. How long will it take $2,000 to grow to $24,000 if it is invested at 7% compounded monthly?
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Q: 4.52 What effective interest rate per month, compounded continuously, would be required for a single…
A: We have to find out the interest rate that would triple the amount in 5 years if compounded monthly.
Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?
A: Compound interest is the summation of the interests to the principal amount which has been deposited…
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A: Formula for the compound interest is given by,
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Q: 31. What rate of interest compounded annually is required to double an investment in 3 years? How
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Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…
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Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…
A: Since you have asked multiple questions in a single request so we will be answering only first…
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Q: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…
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Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…
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Q: van wants to put some money into an investment fund that has paid, on average, 13.2% per ar,…
A: Given query is to find the investment amount so that the future value will be 10000
Q: 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?
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Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…
A: interest rate r=8% =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…
9. How long would it take for an investor to double his
money at 10% interest per year, compounded
annually?
include a cash flow
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