How long (in days)do you need to invest your money in an account earning an annual interest rate of 2.248%2.248% compounded daily so that your investment doubles over that period of time? Thank you!

Q: How many years will it take a 1,500$ loan to grow to 2,222.32 at 14% interest, compounded daily?

A:

Q: Karine invests $6,100 in an account with an annual interest rate of 4.5% compounded daily for 2…

A:

Q: How long (in years) will it take to triple your money if it is invested in a certificate of deposit…

A: Money is invested in a certificate of deposit (CD) and it is given that,Annual interest rate = 4% =…

Q: An initial investment of 1,500 was put in a bank.  The yearly growth is 6% compounded monthly.  How…

A: FV=P(1+r/m)^mt

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

A:

Q: How many years will it take a 1,500$ loan to grow to 2,222.32 at 14% interest, compounded annually?

A:

Q: A worker has $194 deducted from their paycheck each month for 6 years.  The money is deposited into…

A:

Q: $3758 at 11 7/8% compounded monthly for 17 years and 7 months. Can you explain how to do this?

A: Given information  Principal = $ 3758 Interest rate = 1178%=11.8%=0.118 Time = 17 years 7 months =…

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

A:

Q: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

A:

Q: 46. yz = ln(x + z)

A:

Q: How much should be invested now at 3.85% interest compounded monthly to have $28,000 in 16 years?…

A:

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A: Present value interest factor can be calculated using following formula = Amt*(1/1+i)^n

Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

A: