If interest is compounded at 6.5% per year, how long will it take for $50,000 to accumulate to $88,600?

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: If you invest $5,000 now, and your investment pays 12% per annum, how much will you have in three…

A: Following information is given in the question: Investment today (Present value) = $5000 Annual…

Q: money is worth 7.3%, compounded quarterly?

A: Present Value of future cash flow means the cash flows discounted at a given rate of return. FV*…

Q: If you have $10,000 today, and save $12,000 per quarter year at the end of the quarter while earning…

A: In the given question we need to compute the number of quarters required to accumulate $100000 if we…

Q: If interest is compounded at 20% per year, how long will it take for P50,000 to accumulate to…

A: Interest rate = 0.20 Initial investment = P50,000 Accumulated value = P86,400 Period = ?…

Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: We use PMT function in excel to calculate quarterly withdrawal

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: If $19,000 is invested at 3% compounded monthly, what is the amount after 4 years?

A: FUTURE VALUE is the value of current cashflow at the future date compounded at the specified rate.…

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 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: A man invested ₱130,000 at an interest rate of 10% compounded annually. What will be the final…

A: Calculate the compounded value after five years as below:. Resultant table: Hence, the compounded…

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: 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: 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: What is the final value of $20, 000 if left in an account that pays 10% interest per annum for 30…

A: The final amount after 20 years will be the future value of the initial deposit.

Q: If $500,000 is to grow to $700,000 over a 5-year period, at what annual rate of interest must it be…

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

Q: How long will it take $4,000 to grow to $23,000 if it’s invested at 7% compounded monthly ?

A: Given information : Initial investment (P) = $4,000 Future amount to be received (A) = $23,000…

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: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…

A: Given: Present value = $19,000 Interest rate = 5% Years = 9

Q: What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000?

A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000

Q: What is the final value of $20,000 if left in an account that pays 10% interest per annum for 30…

A: Using excel FV function

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: $15,000 is invested for 5 years at an annual simple interest rate of 17%. a) what will you earn in…

A: Interest = Principal * Rate * Time

Q: How long will it take P1,000 to amount to P1,346 if invested at 6% compounded quarterly?*

A: Compound interest is when we invest the interest back and earn even more interest as a result.

Q: At what annual interest​ rate, compounded​ annually, must ​$520 be invested for it to grow to…

A: Initial amount (I) = $520 Future value (FV) = $1,908.44 Period (p) = 10 years Interest rate (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: If $ 30000 is invested at 8% interest per year, compounded continuously, how much will be in the…

A:

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

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: If $5,000 is borrowed today and $8,955 is paid back in 9 years, what interest rate compounded…

A: Here, Borrowed Amount (PV) is $5,000 Paid Back Amount (FV) is $8,955 Time Period is 9 years

Q: If you have $15,000 today, and save $13,000 per quarter year at the end of the quarter while earning…

A: In this question we need compute the time period (number of quarters) required to accumulate…

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: If the nominal interest rate is 3% of P5,000, how much worth in 15 years continuously compounded…

A: Investment (P) = P 5000 Interest rate (r) = 3% Period (t) = 15 Years Mathematics constant (e) =…

Q: How long will it take the money to double itself if invested at 16% compounded quarterly? In how…

A: Convert 16% compounded quarterly to its equivalent interest rate for annual interval. Here, 'r'…

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: If you want to accumulate $80,000 and you have $10,000 saved now, how many years will it take if you…

A: Given:

Q: How long will it take (in years and months), for $200 to quadruple in value, if it earns interest at…

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

Q: What interest will be earned if 4,000 dollars is invested for 4 years at an annual rate of 7%…

A: The interest will be the future value of the investment less the amount invested.

Q: In how many months will P10,000 earn a compound interest of P2,000 if money is worth 12% compounded…

A: To calculate the number of months we will use the below formula   CI = [P*(1+r)n]-P Where CI -…

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 much more could you have earned over a 10 year period if interest had compound annually?

A: Simple interst formula is I = P*R*T Where I is Interest,P is principle,R is rate of interest and T…

Q: If P100 is placed in an account that requires a rate of return of 4%, compounded quarterly, what…

A: Future Value is the value of the current assets or some amount that is invested today and amount…