Double your money-Rule of 72. Approximately how long will it take to double your money if you get an annual return of 4.6%, 7.1%, or 10.4% on your investment? Approximately how long will it take to double your money if you get a 4.6% annual return on your investment? years (Round to two decimal places.)
Q: You have $100,000 to invest today. At 5 percent per year, what sum can you withdraw at the end of…
A: Solution 1: True, Intermediate goals have a time frame of two to seven years.
Q: Consider an investment which pays $2,000 at the end of year 1, year 2, and year 3. In year 4, the…
A: Terminal value at end of year 3 = Cash flow in year 4 / (Interest rate - growth rate) = $5000 / (7%…
Q: Based on the Rule of 72 determine how long it would take to double an investment of $5,000 if you…
A: According to the concept of the time value of money, the same value of money at two different times…
Q: An investor paid $58,000 for an investment. He will get $5,780 for every two years (forever). What…
A: given, initial investment = $58,000 return for every two years = $5780
Q: Approximately how many years are needed to double a $100 investment when interest rates are 5.50…
A: Future value is the value of the asset at a particular time. The present value of the asset when…
Q: Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. e)…
A: Amount Deposited (P) =$5000 APR(r) = 4% = 4/12 = 0.3333% Years(n) = 7
Q: ose an investment will pay $21,000 in 19 years from now. If you can earn 16.35% interest compounded…
A: The today value will be the present value of future value considering the discount rate and period…
Q: An investment pays you $100 at the end of each of the next 3 years. The investment will then pay you…
A: Here,
Q: Approximately how many years does it take to double a $600 investment when interest rates are 6…
A: In the above question we need to compute the time period i.e. number of years required to make the…
Q: You will receive $4,000 three years from now. The discount rate is 10 percent. a) What is the…
A: In the given question we need to compute the value of investment after two years and one year from…
Q: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…
A: Future Value = Present Value (1 + g)n
Q: Assume that you will invest $200 in one year, $400 in two years, and $600 in three years. If you…
A: Future Value: It is the worth of an asset at a future date based on an assumed pace of growth.
Q: Suppose an investment will pay $11,000 in 26 years from now. If you can earn 13.30% interest…
A: MONTHLY COMPOUNDING RATE (13.30%/12) 1.108333333% YEARS (26*12) 312 PMT 0 FUTURE VALUE…
Q: Double your money-Rule of 72 Approximately how long will it take to double your money if you get an…
A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…
Q: What interest rate must your bank offer if you want your $2,730 invested today to grow to $3,470 in…
A: Present Value: The present value is the present sum of a series of fixed payments. The series of…
Q: With an interest rate of 8%, how long does it take for an investment of $10, 400 to grow to $20,…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: (Solving for n with nonannual periods) About how many years would it take for your investment to…
A: Calculate the time taken to grow the amount to four times by using the formula of future value .…
Q: You investe an amount of P50,000 with a promised interest of 9% compounded quarterly. How many years…
A: Since the quoted interest rate is compounded quarterly, the effective interest rate will be used to…
Q: You are valuing an investment that will pay you $25,000 per year for the first 7 years, $29,000 per…
A: Annual discount rate is 13% Amount paid for first 7 years is $25,000 Amount paid for next 12 years…
Q: Approximately how many years does it take to double a $300 investment when interest rates are 8…
A: Details given are : Today investment (Present value) = $300 Future value = $300 * 2 = $600 Interest…
Q: how much should you invest now in a single investment if you expect to withdraw $45,000 in 9 years…
A: Step 1: Introduction Present Value: The value of the money identified today for the money/sum of…
Q: If you invest $2,000 in an account with an annual yield of 12.0% compounded each month. What is the…
A: The question is based on the concept of calculation of future value . Formula as, FV=PV*(1+rn)t*n
Q: If you have an investment that is earning 5.5% annually, use the Rule of 72 to estimate how many…
A: Computation:
Q: About how many years would it take for your investment to grow threefold if it were invested at an…
A: In the given problem we require to calculate the number of years that will make the investment three…
Q: point) At what interest rate (compounded weekly) should you invest if you would like to grow…
A: Amount that will grow = $3019.81 Amount after 96 weeks = $4193 Annual Percentage = r Weekly…
Q: You have an investment account that started with $4,000 10 years ago and which now has grown to…
A: (a) Holding period return = (Investment at end - Investment at beginning) / Investment at beginning…
Q: If you would like to have $20,000 in 5 years, how much should you invest today if your investment…
A: Present value is the value today of future cash flows discounted at the required rate of return for…
Q: How much money should you invest now (to the nearest dollar) in an account that earns interest at a…
A: Future value (FV) = $ 291,000 Interest rate (r) = 8.9% Period (t) = 13 Years Constant (e) = 2.7183…
Q: About how many years would it take for your investment to grow fourfold if it were invested at an…
A: We require to calculate the time period i.e. number of years that will make out investment four fold…
Q: Approximately (using the Rule of 72), how many years will it take to double a $3000 investment when…
A: The Rule fo 72 is a model which helps in knowing the number of years it will take to double the…
Q: About how many years would it take for your investment to grow sixfold if it were invested at an APR…
A: In the given question we require to calculate the the number of years that make the investment six…
Q: (Solving for n with nonannual periods) About how many years would it take for your investment to…
A: We require to calculate the the number of years that make the investment twofold i.e. two times.…
Q: how much will your investment be worth after the last $385 payment is made? (b) What will be the…
A: Future value is the value of an asset possessed by an investor whose value grows and is measured at…
Q: (Solving for n with nonannual periods) About how many years would it take for your investment to…
A: In the given question we require to calculate the the number of years that make the investment…
Q: The doubling time of an investment with continuous compound interest is 12.6 years. If the…
A: First we will calculate the rate of interest required to double the investment with compounding and…
Q: how many years are needed to double a $100 investment when interest rates are 5.25 percent per year?…
A: Rule of 72: It is a method used to compute how long it will take for an investment to double its…
Q: Approximately how long will it take to double your money if you get an annual return of 3.6%,…
A: As per Rule of 72 Time for Investment to double = 72/rate of return
Q: If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3½ years? *
A: Present value method is used to evaluate the different level of investment projects. With the help…
Q: a) Approximately how long (approximate years) would it take if you put in a lump sum to double at…
A: Future Value of Annuity: It is the future value of the present annuity cash flow stream and is…
Q: If you invest $10,000 at 8.125% interest compounded daily, how long will it take for you to…
A: Present value =$10,000 Future value = $15,000 Interest rate = 8.125% compounded daily So, daily…
Q: You would like to put some money into an account so that you will have $6000 in the account 13 years…
A: Present Value can be calculated using PV function in excel PV (rate, nper, pmt, [Fv], [type])…
Q: An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300…
A: Formulas:
Q: present
A: Formula to calculate present value of growing perpetuity Payment for the first year/Discount rate -…
Q: Consider an investment which pays $3,000 at the end of year 1, year 2, and year 3. In year 4, the…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: You would like to have $29,753 in 7 years.. If the rate is 9.57%, how much do you have to invest…
A: Given Information : Amount Required = $29,753 Number of years = 7 Annual interest rate = 9.57%
Q: How long will it take an investment of $5000 to triple if the investment earns interest at the rate…
A: Compound interest is the interest we earn on interest. Compound interest is calculated on the basis…
Q: What is the most you would pay for this investment if you require a 10% return? answer in dollars…
A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…
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- Double your money-Rule of 72. Approximately how long will it take to double your money if you get an annual return of 3.7%, 7.3%, or 9.4% on your investment? Approximately how long will it take to double your money if you get a 3.7% annual return on your investment? years (Round to two decimal places.)Double your money—Rule of 72. Approximately how long will it take to double your money if you get an annual return of 3.3%, 6.4%, or 10.2% on your investment? Approximately how long will it take to double your money if you get a 3.3% annual return on your investment? __ years (Round to two decimal places.) Approximately how long will it take to double your money if you get a 6.4% annual return on your investment? __ years (Round to two decimal places.) Approximately how long will it take to double your money if you get a 10.2% annual return on your investment? __ years (Round to two decimal places.)Double your money—Rule of 72. Approximately how long will it take to double your money if you get an annual return of 3.6%, 6.3%, or 9.1% on your investment?
- Suppose an investment will pay $7,000 in 44 years from now. If you can earn 6.15% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. Group of answer choicesSuppose the interest rate is 3.6% b. Having $650 in one year is equivalent to having what amount today? c. Which would you prefer, $650 today or $650 in one year? Does your answer depend on when you need the money? Why or why not? **round to the nearest cent**Suppose an investment will pay $25,000 in 39 years from now. If you can earn 11.05% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.
- Suppose an investment will pay $11,000 in 41 years from now. If you can earn 14.55% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. A. $31.59 B. $31.30 C. $26.04 D. $25.74 E. $29.25An investment will pay you $4,611.9 in 3 years if you pay $1,376.68 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)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; $49,345.10
- Suppose the interest rate is3.6%. a. Having $650 today is equivalent to having what amount in one year? b. Having $650 in one year is equivalent to having what amount today? c. Which would you prefer, $650 today or $650 in one year? Does your answer depend on when you need the money? Why or why not? a. Having $650 today is equivalent to having what amount in one year? It is equivalent to $____. (Round to the nearest cent.)Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the investment earns interest at the rate of 4%/year compounded daily? (Round your answer to two decimal places.) yrImagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you choose an account that pays 7% compounded annually (j,) instead of an account that pays a simple interest rate of 7% per annum? Round you answer to 2 decimal places. Your Answer: Answer