What rate of interest compounded annually is required to double an investment in 10 years? The rate of interest required is %. (Round to two decimal places as needed.)

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: We can solve the problem by following steps.

Q: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

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Q: If you invest $50,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

Q: Nadav invests $6,000 in an account that earns 5% interest compounded continuously. What is the total…

A: Topic = Algebra

Q: What is the value of a $200 investment which earns continuous compound interest of 2.5% annually for…

A: It is given that the initial principal balance is $200 and the rate of interest of 2.5% annually.…

Q: A woman invests 5900$ into an account that pays 6% interest per year, compounded continuoulsy what…

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Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,237.68 to…

A: It is given that, Principle amount will be, P=$3,237.68 Total amount after interest will be,…

Q: For an interest rate of 6% p.a. Determine the effective interest rate if it is compounded monthly.

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Q: How much time will be needed for $17,000 to grow to $18,778.58 if deposited at 4% compounded kt…

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Q: If $7000 is invested at 7% compounded continuously, what is the amount after 7 years? The amount…

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Q: How long will it take $4000 to grow to $8500 if the investment earns interest at the rate of 11%…

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Q: At a 8% interest compounded monthly, how long will it take to turn a hundred dollars into a million…

A: Initial amount= P= 100  Final amount = A= 1000000  Interest rate= r= 8%=0.08  Time=t=? Number of…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: Use the compound interest formulas to solve:How long, to the nearest tenth of a year, will it take…

A: Given, Final amount A=$8000 Initial Principal balance P=$4000 Interest rate r=5%=0.05 and n=4

Q: What is the effective annual interest rate of a 4% nominal annual interest rate compounded daily.…

A: Effective Interest Rate i=1+rMM-1×100 % where r is nominal interest rate M is number of compounding…

Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

Q: What is the compound interest if $42,000 is invested for 15 years at 6% compounded continuously?…

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Q: circle final anwser

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Q: Find the amount A in dollars of $3000 invested for 30 years at 12% compounded continuously (round to…

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Q: How much would $20,000 amount to a 8% compounded continuously for 10 years? Round to the nearest…

A: Compound interest

Q: At what nominal rate compounded semi-annually will Php5,000 amount to Php6,000 in 2 years? What is…

A: Given n=2, P=Php5,000, A=Php6,000, t=2. We first find nominal interest rate (assumse r%).

Q: You invest in an account paying 10% compounded monthly. How long will it take for you to double your…

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Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

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 is the equivalent annual rate, compounded continuously, of an annual rate of 144%, compounded…

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Q: How long will it take for the value of an account to be $890 if $350 is deposited at 11% interest…

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Q: If $8000 is invested at 5% compounded continuously, what is the amount after 3 years? The amount…

A: According to the given information, it is required to calculate the amount after 3 years.…

Q: What rate of interest compounded annually is required to double an investment in 19 years? The rate…

A: Please refer the attached image for complete solution.

Q: $12,000 is invested at a rate of 7% / annum compounded annually. How long will it take to triple?

A: Given the principal amount $12,000 and the rate of interest on the amount is 7% /annum compounded…

Q: What is the compound interest if $490 is invested for 12 years at 10% compounded continuously?…

A: Given Principal =$490. Rate       =10%=0.10. Time      =12 years.

Q: What is the compound interest if $48,000 is invested for 5 years at 8% compounded continuously?…

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Q: Maria's parents invested $14,000 at 6% per year compounded monthly. How much money will there be in…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: Use the compound interest formula to determine how long it will take for a sum of money to double if…

A: Formula for compound interest:

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: Given :          $12,000 to grow to $15,000 the investment earns interest at the rate of 4%/year…

Q: Carson invested $2,700 in an account paying an interest rate of 1.6% compounded continuously.…

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Q: Given an interest rate of 7.2% per year, compounded continuously. What is the quarterly interest…

A: Given query is to find the quarterly intrest rate.

Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

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Q: Consider an investment where $48,000 is invested for 15 years at 8% compounded continuously. (a)…

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Q: How long will take 749 SAR to amount to 1,371 SAR at an annual rate of 2% compounded quarterly? (…

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Q: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

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Q: How much money

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Q: What rate of interest compounded annually is required to double an investment in 29 years? The rate…

A: Given,

Q: A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no…

A: Given problem Given that   A stock broker allocated $100,000 to an account earning 4% per year…

Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: What is the compound interest if $490 is invested for 15 years at 10% compounded continuously?…

A: Principal=$490 Rate of interest =10%                           =10100                          = 0.1…

Q: If you need $50,000 four years from now, what is the minimum amount of money you need to deposit…

A: A = $50000 , R =3% , t=4 years1) Compounded annuallyA =…

Q: Use the formula for continuous compounding to solve:How long, to the nearest tenth of a year, will…

A: Given: Principal=$50,000Amount(A)=$150,000    TripleAnnual interest rate(r)=7.5%=75100=0.075Time in…

Q: How much money should be invested monthly at 7% per year, compounded monthly, in order to have…

A: Solution:Given    FV=$9000, r=0.07  n=12 t=12 months=1 yearTo find :P=?Formula:FV=P 1+rnnt