In its first 10 years a mutual fund produced an average annual return of 21.46​%. Assume that money invested in this fund continues to earn 21.46​% compounded annually. How long will it take money invested in this fund to​ double?

Q: If your ancestor left $100 in an investment account 100 years ago and received an average of 6%…

A: This problem is related to compound interest.

Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

Q: at what rate of interest compounded semi-annually will 21,590.00 accumulated to 26,900.00 in 2 years

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Q: At the time of her grandson's birth, a grandmother deposits $13,000 in an account that pays 3.5%…

A: Grandmother deposits $13,000. Interest rate is, 3.5%. Number of years is 21.

Q: Suppose $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded…

A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT…

Q: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Assume that a savings account earns interest at a rate of 3% compounded quarterly. If this account…

A:

Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

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Q: A loan of ₱72,000 after 3 years will amount of ₱128,600 compounded monthly. What interest rate is…

A: A loan of $72,000 after 3 years will amount of $1,28,600 compounded monthly.

Q: At what interest rate compounded semi-annually will P15,000.00 accumulate to P25,000.00 in 10 years?

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Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

Q: A debt of RM8,000 will mature in four years'time. Find: (a) the present value of this debt (b) the…

A: Given that a debt of RM8,000 will mature in four years' time.

Q: 4. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…

A: We know the formula for Compound Interest ,  A = P1 + rnnt   ,  Where , A = Final amount…

Q: A loan of P72, 000 after 3 years will amount to P128, 600 compounded monthly. What interest rate is…

A:

Q: If $500 is deposited in an account paying 8.4% annual interest, compounded semiannually, how long…

A:

Q: 1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the…

A: 1. Given that, ₽15,000 is deposited in an account that pays 5% compounded annually. We have, P =…

Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly?

A: Given: The principal amount is $6600. The time duration is 2 years. The rate of interest is 10%…

Q: How much should a mother invest at the time her son is born in order to provide him with $100,000 at…

A: Given Rate of interest 3% compounded monthly amount=$100,000 n=21 years   To evaluate Principal…

Q: A company needs $7,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given: Required amount A=7,300,000 Number of years, t=15 Rate of interest, r=4.1% Number of times…

Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: A mutual fund pays 7% compounded monthly. How much should I invest now so that 2 years from now I…

A: fomula A=P(1+rn)nt

Q: If an investment company pays 6.5% compounded semi – annually, how much should you deposit now to…

A:

Q: Suppose that $5000 is placed in a savings account at an annual rate of 9.4%, compounded quarterly.…

A:

Q: Find the principal P that must be invested at rate of 8%, compounded monthly, so that $1,000,000…

A:

Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: How much interest was earned by an investment that earns at a rate of 9% compounded semi-annually…

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Q: account offering 4% per year, compounded semiannuall

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Q: If a lender charges 12% interest, compounded quarterly, what effective annual interest rate is the…

A:

Q: Suppose that $6000 is placed in a savings account at an annual rate of 4.2 %, compounded monthly.…

A:

Q: Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with…

A: The compound interest formula : A=P1+rnnt, where , A= Final amount P=Principal or Initial…

Q: If $11,000 is invested at 6% interest compound monthly, find the interest earned in 18 years. The…

A:

Q: A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A: Solution: P = $ 8000 r = 8% Using formula  A = P1+rnnt

Q: What annual interest rate compounded continuously is equivalent to 15% compounded quarterly?

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Q: A principal of 5500 OMR is invested for 3 years. Find the interest rate required to produce a future…

A: The given principle is 5500 OMR and the future value is 6300 OMR. The time period is 3 years and the…

Q: How much money should a company deposit into an account now so that they will have $50,000 in six…

A: here we use the equation of compound interest  amount = P(1 + r/100)n here interest is quarterly so…

Q: Ahmed invested $1,542 in a savings account, and three and a half years later his investment amounted…

A: This question is related to compound interest, We will solve it using given information.

Q: If you deposit $7000 in an account with a nominal rate 7.2% compounded monthly, what is the balance…

A:

Q: If 1,000,000 php is invested at 8% compounded quarterly, how many years will the investment grow to…

A:

Q: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

A: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

Q: What interest will be earned if $6,500 is invested for 5.5 years at 4.25% interest compounded…

A: Given: The amount invested is $6,500 The time in years is 5.5 years The rate of interest is 4.25%

Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

A:

Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

A:

Q: Suppose you invest $10,145 in an account that earns interest at an APR of 3.9%,compounded annually.…

A:

Q: My NFT Collection is depreciating in value and is only worth $165,000 as of today. If the value of…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=165000 r=-3%=-0.03…

Q: compounded

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Q: Suppose that $2500 is placed in a savings account at an annual rate of  5%, compounded quarterly.…

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Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

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