How many years will an amount triple itself if invested at 10% compounded weekly?

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: How many years would it take an investment to double at 10% annual interest?

A: An amount is compounded at an interest rate to calculate its future value. To calculate the number…

Q: How long (in years) will it take the money to quadruple if it earns 7% compounded semi-annually?

A:

Q: HOW LONG WILL IT TAKE 10,000 TO ACCUMULATE TO THE AMOUNT OF 11,000 AT 12% COMPOUNDED ANNUALLY?

A: Present value (PV) = 10000 Future value (FV) = 11000 Interest rate (r) = 12%

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: How many years does it take for an investment of $280,000 to accumulate to at least $425,000 at 15%…

A: The calculation method where interest on interest is charged is known as Compound Interest. It is…

Q: If $600 is invested in an account earning 2.75% compounded continuously, how much would be in the…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: At what rate must $700 be compounded for it to grow to $1000 in 7 years?

A: Present value = $700 Future value = $1,000 Number of years (n) = 7

Q: How long would it take an amount of  $4,000 invested at an interest rate of 21 % per year,…

A: Given information: Present value is $4,000 Future value is $16,000 Interest rate is 21%

Q: How many years will it take for P13,000.00 to become P20,000.00 if it is invested at 8% compounded…

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

Q: How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate…

A: Following details are given in the question: Present value (Investment today) = $20000 Time period =…

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: How many years will it take $7400 to quardruple at an effective rate of 4.25%?

A: Using the Goal Seek function Excel

Q: How much more interest will be earned if $5000 is invested for 6 years at 7%, compounded…

A: a) 7% compounded continuously Future Value = Present value * e^rt Where r =rate of interest i.e. 7%…

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: What will be the Value of 10000$ invested @10% p.a compounded monthly for 25 years?

A: Future value is the worth of a current sum of money after a specified time span, given a fixed…

Q: What simple interest rate is equivalent to 5% compounded quarterly if money is invested for 10…

A: Concept. 1. Simple interest formula. SI = P × N × R…

Q: How much must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your…

A: For the above calculation, we need to use the following formula   A = P ( 1 + r / n )^nt   Where  A…

Q: How much will 1800 grow to at 3% annual for 5 years, compounded yearly?

A: Compound interest: Compound interest is the interest earned on the principal amount, plus the…

Q: If $ 30000 is invested at 8% interest per year, compounded continuously, how much will be in the…

A:

Q: How much must be invested now at 6% interest, compounded monthly, to accumulate $1,000 at the end of…

A: Present value is referred to as the current value of future funds or stream of cash flows at a…

Q: How many years will it take $145,000 to grow to $645,000 if it is invested in an account with a…

A: We use NPER function in excel to calculate time taken

Q: If you have an investment of $1000 that grows at a rate of 6%, compounded annually, how much will it…

A: The Future Value of this investment is computed to find the worth of the investment after 10 years.…

Q: How many years will it take an investment to quadruple if the interest rate is9% compounded…

A:

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: Give a detailed answer to the theoretical question:  How many years will it take for money to…

A: Let the Present value be $100 the money increase by 85% Future value = $100 x 1.85=$185 rate (r)=…

Q: What amount of money is equivalent to receiving ₱5,000 two years from today, if  interest is…

A: We need to use present value formula to calculate the amount of money equivelent today(present…

Q: How much would $1now be worth in 100years if paying 11% annually Compounded daily?

A: Time value of money (TVM) means that the amount of money received in the present period will have…

Q: You wish to make an investment of $10,000 at 5% interest. How much will your Investment be worth in…

A: Present Value= $10,000 Interest rate= 5% Time period= 20 years

Q: What single investment made today, earning 10 % annual interest, will be worth 10,000 TL at the end…

A: Given:Annual interest =10%Amount in future =$10000Time period =3 years

Q: What is the future value of $3,000 invested today at 10% interest in 15 years with interest…

A: In the given question we need to compute the future value of $3000 invested today at 10% interest…

Q: What is the future value if the amount invested is 10,000 at 10% compounded quarterly for 5 years?…

A: Solution Given Present value 10000 Rate of interest 10% Compounding Quarterly…

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 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: 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 many years will an amount triple itself if invested at 10% compounded weekly? (Show your…

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

Q: how long would it take a $600 investment be worth $700 if compounded at 11% per year

A: Present value of the amount refers to the current worth of the amount which is expected to be…

Q: How much must be invested today at 10%, compounded semi-annually for 25 years, to produce P15,000?

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: How many years would it take your money to double: (a) At 10% interest compounded yearly. years. (b)…

A: Interest Componded Yearly F = P(1+i)n F = Future Value = 2 P = Initial Investment = 1 i = Interest…