1.6 Today you have P to invest in a security that pays an interest rate of r per year and compounds in k periods. Find the formula to determine how long it will take this investment to grow to xp? Does the length of time depend on the initial amount P? • How long will it take to double the investment of $1000 where r is 6% with daily compounding? How long will it using the simple interest rate when r is 6% ?

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A: Let us assume the monthly payment = A Accumulated amount = P 77,061 Interest rate = 4% per year

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A:

Q: Čalculate the amount of simple interest earned. $1,000 at 6% for 5 years %24

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A: Variables in the question:Loan =$100,000 N= 25 yearsRate=15.4%Monthly rate=1.2833333333%

Q: -5% O Dunno% O 12% O 20% O 4%

A: IRR is the internal rate of return which any investment must earn to make investment efficient and…