How long will it take $13,000 to grow to $17,000 if the investment earns interest at the rate of 2%/year compounded monthly? (Round your answer to two decimal places.) X yr
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How long will it take $13,000 to grow to $17,000 if the investment earns interest at the rate of 2%/year
compounded monthly? (Round your answer to two decimal places.)
X yr](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F618facdf-3d22-4880-9f30-a77fbd8c88fe%2F0cd184f0-6f10-4bb6-bad1-2c74f0534d82%2Fnld68wm_processed.jpeg&w=3840&q=75)
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- Q.15 An investment offers $6000 per year for 10 years, with the first payment occurring one year from now. If the required return is 7%, what is the value of the investment? What would the value be if the payments occurred for 20 years? And forever?Question 1 If the interest payments are done semi-annually, what is the initial investment to be so that 6 years later the amount will be TL84.000? Interest rate is 26% pa. Your answer: 3,621 O 19,379 22,992 25,347 50,694N1 What is the value today of an investment that will pay $3,947.00 every six months for 27 years? Assume the first payment is made 5 years from today. The annualized interest rate is 9.00% p.a.
- Q7 What annual rate of return is earned on a $5,000 investment when it grows to $10,250 in five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ANNUAL RATE OF RETURN?Approximately how many years must one wait for an initial investment of $10,000 to triple in its value if the investment earns 9% compounded annually? O A. 13.75 B. 11.45 O C. 14.25 O D. 12.75Question 6 An investment offers GH¢ 2,250 per year for 15 years, with the first payment occurring one year from now. If the required return is 10 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever?
- QUESTION 6 You would like to have $49215 in 10 years. If the rate is 9.51%, how much do you have to invest each month?4.13 Calculating Annuity Present Value An investment offers $5,200 per year for 15 years, with the first payment occurring one year from now. If the required return is 7 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever?13. How long will it take for an investment to grow from $4,000 to $4,400 at an annual rate of 10% p.a. simple interest? Select one: a. 1 year b. 12 months c. All of the above d. 365 days
- Q.13: You are offered an investment that requires you to put up $12,000 today in exchange for $40,000 15 years from now. What is the annual rate of return on this investment?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.)15) How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 8% per year? (Give the answer to two decimal places.) yr
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