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

Q: At what interest rate will money: a. Double itself in 10 years? b. Triple itself in 10 years? c.…

A: Rate of interest refers to the amount charged by the lender of money to the borrower for using the…

Q: An investment offers $12,000 per year for 20 years, with the first payment occurring one year from…

A: The time value of money concept holds the utmost relevance while determining the future value and…

Q: Approximately what interest rate is needed to double an investment over eight years?

A: In the given question we require to compute the interest rate which will make our investment double…

Q: How many years would it take you to grow an investment of $1000 today to $1600 assuming an interest…

A: Using NPER Function In excel

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: 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: 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: How long does it take (to the nearest whole year) for $1,000 to quadruple in value when the interest…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

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: What is the present value (PV) of $70,000 received six years from now, assuming the interest rate is…

A: PV = FV / (1 + r / n)nt Where, PV = Present value FV = Future value r = Rate of interest…

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: 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: With an interest rate of 10 % how long does it take for an invest- ment to triple, if the interest…

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

Q: How much would you have at the end of five years if you invested P50,000 at 10.5% interest rate?

A: Future Value: It is the future worth of the present sum of the amount and is computed by…

Q: When will an investment of 4,000.00 double if the effective rate 8% per annum?

A: Solution : given investment P = 4,000  Effective annual rate r = 8%  Amount  A = 2P  We know the…

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 many years an investment would be four times its initial value at an interest rate of 11…

A: The rule of 144 calculates the number of years in which the money or investment will quadruple. The…

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

A: A purchase of an object or thing with the intention of producing revenue or increasing in value is…

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: A 10-year investment will pay $2,500 at the end of this year, and the payments will grow at a rate…

A: Answer: Given data, Future value = $2,500 Required rate of return = 15% Paymets grow @ 5% per year

Q: Approximately what rate is needed to double an investment over five years?

A: In this question we need to compute the rate which will make the investment double in five years.

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: If u make an investment of $3500 and the investment loses a continuous 5% each year, what will the…

A: Given information: Present value of investment is $3,500 Investment loses a continuous 5% each year…

Q: how much will a single investment of $10,000 be worth in 10 years

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

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: Approximately (using the Rule of 72), how many years will it take to double a $3000 investment when…

A: The Rule fo 72 is a model which helps in knowing the number of years it will take to double the…

Q: A fixed interest investment is growing at 2.9% per year. Its current value is $3500. a.) What will…

A: The concept of the time value of money states that the same amount of money has more value today…

Q: How many years must you wait for your $4,380 investment to grow to $7,700 if you invest at 5 percent…

A: Future Value: The future value is the value of annuity or the sum lump amount after a certain period…

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

A:

Q: How long (in months) will it take for your investment to double at 5% interest?

A: This question would be solve by using the compounding interest formula and the formula is - A = P…

Q: The doubling time of an investment with continuous compound interest is 12.6 years.  If the…

A: First we will calculate the rate of interest required to double the investment with compounding and…

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: What is effevtive interest rate per year for an investment of $50 at an interest rate of $5 per…

A: Following is the effective interest rate per year

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 would it take for money to triple in value at 20% per year simple interest?

A: Simple interest is the type of interest that is calculated on the basis of the principal original…

Q: What is the interest rate if the PV of $50,000 to be delivered in 3 years is $43,000?

A: Calculation of interest rate: Answer: Interest rate is 5.16%.

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: 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 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…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.