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A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…
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9. How long does it take for your money to grow to ten times its original value if the interest rate of 5% per year?
Use excel.
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- How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one year from now and the rate is 8%?2. Find the future value of OMR10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound interest rate?How long does it take for your money to grow to ten times its original value if the interest rate of 5% per year?
- 10. How long does it take for your money to grow to five times its original value if the interest rate of 5% per year?12. How long does it take for your money to grow to seven times its original value if the interest rate of 6% per year? Use excel.12. How long does it take for your money to grow to eight times its original value if the interest rate of 8% per year? use excel.
- 1. You will invest 30,000 pesos into an investment that will earn 10% every year for five years. a. How much would you receive ( future value) after five years if the 10% rate is a simple interest rate? b. How much would you receive (future vaue) after five years if the 10% rate is a compound interest rate?Suppose you are going to invest $11,000 per year for six years. The appropriate interest rate is 9 percent. What is the future value if the payments are made on the last day of the year? What if the payments are made on the first day of the year? a) $82,756.68; $90,204.78 b) $90,204.78; $82,756.68 c) $49,345.10; $53,786.16 d) $53,786.16; $49,345.10How much will $5,000 to be received in 10 years be worth today if the interest rate is 7%?
- 1. At what interest rate will a sum of money triple itself in 10 years time? 2. How long will it take for $7,000 to have a maturity value of $12,000 if it is invested at 15% interest?You would like to have $100,000 in 10 years’ time. How much should yousave each year if the interest rate is 5%?1. How much will a $100 deposit made today be worth in 10 years if interest is compounded daily at an annual rate of 10%? 2. If you invest $10,000 and it grows at annual rate of 15% (compounded annually), how many months it will take to grow to $20,000? 3. If you invest $10,000 today and it grows at annual rate of 15% (compounded monthly), how many months it will take to grow to $20,000?
