What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

Q: $19000 is invested for 5 years with an APR 3% and daily compounding, what is the balance in the…

A: We have to find future amount for given Questions.

Q: Audrey is going to invest in an accour paying an interest rate of 5.7% compounded daily. How much…

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Q: What nominal interest rate compounded monthly is equivalent to 4.50% compounded quarterly?

A:

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: How much should Linda Bryan set aside now to buy equipment that costs ​$8,000 in one​ year? The…

A: For simple interest, the amount formula is, A = P + PRT100 and for compound interest, the formula is…

Q: When Abram was born, his parents put $2,000 into an account that yielded 1.2% interest, compounded…

A:

Q: A local bank advertises that an account at 9.5% interest yields 9.64% annually. How often is the…

A: Let's solve compound intersect sum.

Q: Find the effective rate of the interest that is equivalent to an 9% rate compounded monthly.

A: Effective rate of interest :   The Effective Annual Interest Rate (EAR) is the interest rate that is…

Q: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten- year period. The…

A: To find the interest rate

Q: What nominal rate of interest, compounded monthly, corresponds to an  effective rate of 4.5% ?

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: You would like to have $17,000 in your savings account in 18 years. If your savings account pays…

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Q: at what nominal rate, compounded monthly, would $13000 have to be invested to amount 22,716.49 in 7…

A: When the interest is compounded, then the formula used is , where, A is the final amount, P is the…

Q: Carla wants to start a college fund for her daughter Lila. She puts $63,000 into an account that…

A:

Q: An investment of 10,000 yields 8% interest compounded quarterly. What will be the accumulated…

A: Given    present value= 10000 interest rate=8% compounded quarterly

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: A credit card had an APR of 17.78% all of last year and compounded interest daily. What was the…

A:

Q: Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How…

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Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

A:

Q: How much will you get out after 12 years if you put away 1800 at 6% compounded monthly?

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Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: At what rate of simple interest an amount will double itself on 10 years?

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Q: How much will P54,200 be in 24 months at 4% compounded monthly?

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Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

A:

Q: You deposit $3200 in a bank with annual interest rate of 3.5% compounded annually. What would you…

A: The deposit is $3200, interest rate is 3.5% compounded annually. The balance amount be 5 years later…

Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.19%…

A: We have to find the annual percentage yield (APY).

Q: How long will it take for P65, 000 to amount to P98, 400 if compounded quarterly at 10.24% interest?

A:

Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…

A: r=3.7%  A=$25000 t=14 years  n=12 (compounded monthly)

Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

A:

Q: Determine how much time is requiredfor an investment to double in value if interest is earned at…

A: for monthly compounding: 2 = (1 + .0625/12)^(12t) ln 2 = ln[(1 + .0625/12)^(12t)] ln 2 = 12t ln (1 +…

Q: P30,000 is invested for a period of 3 years at a rate of 6%, compounded 2 times per year. What will…

A: Given query is to find the amount after 3 years.

Q: nearest

A: Please refer to the image below

Q: How long does it take the amount of money in your wallet to triple if it is invested at 7% interest,…

A: Let initial amount = P So, final amount = A= 3P Interest rate= 7%= 0.07  n= number of times…

Q: What annual rate of interest compounded annually should you seek if you want to triple your…

A:

Q: Rose invests $ 28,000 at 8 %/a,compounded semi-annually. What is the total amount of the interest…

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Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

Q: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten-year period. The…

A:

Q: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…

A: GIVEN   APR = 23.83%   COMPOUNDED MONTHLY  MEANS  n = 12 EFFECTIVE INTEREST = ?

Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

A:

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

A: Follow the procedure given below.

Q: What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly?

A:

Q: How much money should I save in an account paying 5% interest compounded monthly if I want to have…

A: This question can be solve by using formula F=P1+rt Here' F=Future amount P=present amount r=rate of…

Q: Determine the amount of money, to the nearest dollar, you must invest now at 5% per year, compounded…

A: To find:- Determine the amount of money, to the nearest dollar, you must invest now at 5% per year,…