How many years will it take an investment to quadruple if the interest rate is9% compounded annually?

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: If Anna’s investment of $900, grows to $1100 over 2 years, what simple interest rate does this…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: If you invest $1,000 each month for five years, what will be the value of the investment after five…

A: The below formula can be used to calculate future value:

Q: What per annum nominal interest rate with interest compounded quarterly would be needed to achieve…

A: Compounding refers to the power of doubling the investment by adding interest .Compounding helps in…

Q: What is the future value (FV) of $60,000 in five years, assuming the interest rate is 5% per year?

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: About how many years would it take for your investment to grow sixfold if it were invested at an APR…

A: Using NPER in Excel

Q: annually

A: *Answer:

Q: Approximately how many years are needed to double a $100 investment when interest rates are 5.50…

A: Future value is the value of the asset at a particular time. The present value of the asset when…

Q: Approximately how many years does it take to double a $600 investment when interest rates are 6…

A: In the above question we need to compute the time period i.e. number of years required to make the…

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 many years will it take an investment to quadruple if the interest rate is 8% compounded…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: How much will $100 grow to if invested at an annual interest rate of 10.50% for 7 years?

A: Here,Principal amount: $ 100Rate of interest: 10.50%Period of investment: 7 yearsAmount at the end…

Q: HOW MANY YEARS ARE NEEDED FOR 40,000 TO YIELD 13,756.66 INTEREST IF THE INTEREST RATE IS 6%…

A: Interest rate = 6% Semi annual interest rate (r) = 6%/2 = 3% Present value (PV) = 40,000 Interest…

Q: At an interest rate of 8% per year, $50,000 today is equivalent to how much a year from now?

A: Future value refers to the value of an asset or cash at a specified time in the future. It is based…

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: An investment will pay 13400 in five years what is the present value of this investment today if the…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If you want an investment to double in three years, what annual interest rate must it earn?

A: Given:  An investment doubles in 3 years So, let initial investment be 100 Future value = 200 (twice…

Q: Approximately how many years does it take to double a $300 investment when interest rates are 8…

A: Details given are : Today investment (Present value) = $300 Future value = $300 * 2 = $600 Interest…

Q: Use the formula for compound interest with n compoundings per year to solve this problem. How long,…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: how much should you invest now in a single investment if you expect to withdraw $45,000 in 9 years…

A: Step 1: Introduction Present Value: The value of the money identified today for the money/sum of…

Q: What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate us…

A: Information Provided: Principal = $82,000 Term = 11 years Interest rate = 8% compounded monthly

Q: How many years will it take an investment to triple if the interest rate is 6% compounded annually?

A: In the given question we are required to compute the number of years that will make the investment…

Q: How long, to the nearest tenth of a year, will it take $4000 to grow to $8000 at 5% annual interest…

A: Given, Final amount A=$8000A=$8000 Initial Principal balance P=$4000P=$4000 Interest rate…

Q: What is the present worth difference between an investment of $15,000 per year for 35 years and an…

A: Present worth is calculated by discounting the future cash flow by the discounting rate.   Present…

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

A: As per Bartleby Honor Code, when multiple questions are asked, the expert is required only the solve…

Q: Approximately how many years will it take for $2,300 to grow to $8,172 at an annual interest rate of…

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: About how many years would it take for your investment to grow threefold if it were invested at an…

A: In the given problem we require to calculate the number of years that will make the investment three…

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: 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: An investment will pay $10,000 eighteen months from now. What purchase price will provide a rate of…

A: Maturity amount (MV) = $10,000 Interest rate (r) = 7% Period (m) = 18 months

Q: About how many years would it take for your investment to grow sixfold if it were invested at an APR…

A: In the given question we require to calculate the the number of years that make the investment six…

Q: How many years will it take to triple your investment of $8,000 if it has an interest rate of 7%…

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

Q: How many years will it take for an investment to double itself if the interest rate is 10%?

A: As per Rue of 72 Time taken to double the investment = 72 / Rate of return

Q: How long, to the nearest tenth of a year, will it take $50,000 to triple in value at 7.5% annual…

A: Formula to calculate time: A = P*e^rt Where A is final principal, P is the initial principal, r is…

Q: Approximately how many years does it take to double a $475 investment when interest rates are 8…

A: In this question we require to compute the number of years from following details : Present value…

Q: How many years will it take for a payment of $900 to grow to a future value of 10,586.21 at a…

A: Payment(P )= $900 Future Value(FV)= 10586.21 Compound Interest Rate(r) = 14% = 0.14

Q: How much will $100 grow to if invested at a continuously compounded interest rate of 10.5% for 7…

A: Principal, P = $ 100Time period, T = 7 yearsContinuously compounded interest rate, R = 10.5%

Q: ow long will it take an investment of $2,500 to grow three times in value to $7,500? Assume that the…

A: The given problem can be solved using NPER function in excel. NPER function computes no. of years/…

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: How many months does it take for a present sum of money to double if the nominal interest rate is…

A: The present value of a sum will be double when the interest accumulated on it will be equal to the…

Q: Approximately how many years does it take to double a $500 investment when interest rates are 4…

A: In this question we need to compute the time period i.e. number of years that will make investment…

Q: How many years will it take an investment to triple if the interest rate is 8% compounded monthly?

A: Annual interest rate = 8% Monthly interest rate (r) = 8%/12 = 0.666666666666667% Future value factor…

Q: If the interest rate is 12% compounded annually, approximately how many years will it take the…

A: The concept of the time value of money states that the current worth of money is more than its value…

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 many years will it take an investment to triple if the interest rate is 8% compounded…

A:

Q: What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is…

A: The formula to compute future value as follows: Future value=Invested amount×1+rmn×m

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…