How many years will it take for $500 to grow to $1,039.50 if it’s invested at 5 percent compounded annually? The number of years it will take for $500 to grow to $1,039.50 at 5 percent compounded annually is Round to one decimal place

Q: If $20,000 is invested today and $20,000 is invested at the beginning of each of the next five years…

A: Compound Interest Formula is  Amount available at the end (A) = P (1+r/n)^nt                where P…

Q: How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with…

A: Number of years refers to the time period for which the investment is paid. Sometimes, the period of…

Q: How many years will it take for ​$510 to grow to ​$1,009.33 if​ it's invested at 7 percent…

A: The Nper function or concept can be used to determine the time required to accumulate a specific sum…

Q: How many years will it take $540 to grow to $11,515.44 if it is invested at 12 percent compounded…

A: In the above question we need to compute the number of years it will take to grow $540 to $11515.44…

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: Based on the Rule of 72 determine how long it would take to double an investment of $5,000 if you…

A: According to the concept of the time value of money, the same value of money at two different times…

Q: How much money should be invested at rate 2% compounded semi-annually to produce a future value of…

A: Present value of an investment is the initial amount that is invested in financial asset.  It is…

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A: Working note:

Q: Find the time required for an investment of 3000 dollars to grow to 12000 dollars at an interest…

A: GIVEN, pv = $3000 fv = $12000 rate = 4% monthly compounding m = 12

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: How much should be invested now at 6.7% compounded semiannually to have $47,000 in 19 years?

A: The amount required to be invested today is calculated as present value

Q: ci What will $5,000 invested for 10 years at 8 percent compounded annually grow to? iL How many…

A: Answer i. Information Provided: Term = 10 years Principal = $5000 Interest rate = 8% compounded…

Q: If you invested $10,000 for ten years at 6% p.a. compounded monthly, how much in total would you…

A: Compound interest is calculated by multiplying the original loan amount, or the principle, by one…

Q: If interest is compounded at 6.5% per year, how long will it take for $50,000 to accumulate to…

A: Present value = $50,000   Future value = $88,600 Interest rate = 6.5% Let time taken = n years

Q: What would be the future value of $7,992 invested annually for nine years beginning one year from…

A: future value formula: future value =A×1+rn-1r where, A=annuity r=rate of interest n=number of years

Q: What present value amounts to $25,000 if it is invested for 20 years at 5% compounded annually?…

A: Solution Concept The interest rate compounded annually means the interest is charged on interest and…

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: 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: 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: How much will be the equivalent worth of ₱2M invested today for three years at a commercial rate of…

A: Investment amount (PV) = P 2,000,000 Annual interest rate = 10% Quarterly interest rate (R) = 10%/4…

Q: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded…

A: Companies are usually compute the present value and future value for the purpose of estimating the…

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: How many years will it take $2,000 to grow to $3,600 if it is invested at 3.25% compounded…

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

Q: Use the graph below to answer the following questions.   What is the approximate final value of…

A: Future value = Present value * ( 1 + Interest rate )time

Q: What is the effective annual rate (EAR) if the stated rate is 8 percent and compounding occurs…

A: Computation of effective annual rate when rate is 8% and compounding is semiannually is as…

Q: Determine when, to the nearest year, $3,000 invested at 5% per year, compounded daily, will be worth…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

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: Find how long it takes $800.00 to double if it is invested at 77% compounded annually. It will take…

A: Future value: The value of the asset at some future date which is based on the assumed growth rate…

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: 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: 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: 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: A principal of $1600 is invested at 5.5% interest, compounded annually. How many years will it take…

A: Present  Value is the concept that states an amount of money today is worth more than that same…

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: What is the principal that will grow to $2600 in four years, one month at 4 5% compounded annualy?…

A: present value formula: present value =future value1+rnwhere,r=rate of interestn = number of years

Q: y is equivalent to receiving $10,000 three years from today, if interest is compounded quarterly at…

A: The present value of future money would give the amount of money that is equivalent today…

Q: How many years will it take for ​$500 to grow to ​$1039.50 if​ it's invested at 5 percent…

A: FV or Future value = PV or present value * (1+interest rate)^n To solve for n we can use the NPER…

Q: To what amount will $4,800 invest for 10years at 9 percent compounded annual accumulate ? 4,800…

A: Investment amount (PV) = $ 4,800 Period (t) = 10 Years Interest rate (r) = 9%

Q: You have $125 now. How much would you have after 8 years if you leave it invested at 8% with annual…

A: In the given question $ 125 is invested now at 8% per annum for 8 years. Future value investment can…

Q: To what amount will $5,000 invested for 9 years at 10 percent compounded annually accumulate? 5,000…

A: Invested amount (P) = $ 5000 Annual interest rate (r) = 10% Period (t) = 9 Years

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: 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 much must be invested now at 8% interest in order to have $75,000 in eight years?

A: Future value (FV) is crucial to investors and financial planners because they use it to predict how…