What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the interest is compounded quarterly? (Round your answer to the nearest percent.)

Q: What interest will be earned if $6600 is invested for 4 years at 12% compounded monthly? (round to…

A: Given that, $6600  invested for 4 years at 12% compounded   compounded  monthly.    want to…

Q: What rate of interest compounded quarterly will yield an effective interest rate of 7%?

A: Effective interest rate=1+inn-1

Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is…

A: Amount , A= P(1+r/n)nt   where, P= the principle amount             r= rate of interest           t=…

Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

Q: How much money should be deposited today in an account that earns 8% compounded quarterly so that it…

A: In this question, concept of Compound Interest is applied. Compound Interest Compound interest is…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

A:

Q: Assuming that you invest $13,000 in the United States, how long (to the nearest year) must you wait…

A: The formula for compound interest is, A=P1+r100n where, A is compounded amount P is the Principal…

Q: Which of the given interest rates and compounding periods would provide the best investment? 2% per…

A: Given thatThree different interest rates are as following

Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

A:

Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 8 years…

A:

Q: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

A: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

A:

Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

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

Q: A sum of $6,000 deposited in an account grows to $7,500 in 6 years. Assuming annual compounding,…

A: Given that, Deposited amount: $6,000 (P) After interest, the amount becomes $7,500 (A) Let the…

Q: What annual rate of interest compounded annually is required to double an investment in 7 years?…

A: The formula to calculate compound interest is A = P ( 1 + r/n )t*n

Q: at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is…

A:

Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?…

A: We have to find the interest rate.

Q: What rate of interest compounded annually is required totriple an investment in 5 years?

A: Suppose the rate is  r at which the investment is triple in 5 years compounded annually.

Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $13,000 in 6…

A: I have appended the formula used in the solution part of the question

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

A:

Q: For an interest rate of effective 18% per year, compounded monthly, the effective monthly rate is…

A: The effective monthly rate = 18% divided by 12 months = 1.5% per month.

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A:

Q: Find the amount that results from the given investment. $300 invested at 6% compounded quarterly…

A:

Q: What interest rate compounded semiannually will yield an effective interest rate of 3%? A rate of %…

A: Rate of interest compounded semiannually

Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: Suppose that Tom invests $10,000 in an account that offers r% annual interest, compounded quarterly.…

A:

Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $11,000 in 4…

A:

Q: (a) How long does it take for an investment to double invalue if it is invested at 8% compounded…

A: a). Given, r=8%=0.08,  n=12 Let P be the principal amount. Now, A=P1+rnn·t⇒2P=P1+0.081212t   ∵Double…

Q: What is the interest rate compounded quarterly if ₱2,500,000 is invested and the amount became…

A: The formula for the amount is A = P1+rnnt, where r is the rate of the interest and n is the number…

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring…

A: Consider the Principal be "S" The amount is given by "2S". The rate of interest is 8% per annum.…

Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 10 years…

A:

Q: If 32800 dollars is invested at an interest rate of 8 percent per year, find the value of the…

A: A=P1+rnntwhere P = principal amount (the initial amount you borrow or deposit )r = annual rate of…

Q: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

A:

Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

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

A:

Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…

A: Here P=50,000 F V=100,000 r=9%=0.09 n=4

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: (a) How long does it take for an investment to triple invalue if it is invested at 6% compounded…

A: (a). When interest is compounded periodically then formula for amount is given as: A=P1+rnnt, where…

Q: 12.) What is the rate on an investment that doubles $3171 in 14 years? Assume interest is compounded…

A: Let the rate of interest be r/ year.Since the interest compounded quarterly, the rate of interest…

Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A:

Q: Find the amount that results from the given investment. $600 invested at 8% compounded quarterly…

A: Formula used:The future value formula: