How long will it take money to double itself if invested at 10% compounded annually? O a. 7.72 YEARS O b. 8.72 YEARS O c. 7.27 YEARS O d. 8.27 YEARS
Q: Approximately how many years must one wait for an initial investment of $10,000 to triple in its…
A: Using NPER function in Excel.
Q: What is the present value of $14,000 to be received in one year if the interest rate is 8% p.a.? a.…
A: Using excel PV function
Q: If you invest $5,000 three years from now, how much will be in h 15 f if 10% d d ll ? the account 15…
A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…
Q: At what interest rate compounded quarterly will money double itself in 10 years? a. 70% b. 0.7%…
A: Money today is worth more tommorow. Time period is 10 years Total number of quaterly periods = 10×4…
Q: 20. How long will it take for $65 to amount to $6500 if invested at 11% compounded monthly? Express…
A: The objective of this question is to find out how long it will take for an investment of $65 to grow…
Q: What will be the future value of $5 000 invested for six years at 8% per annum compounded annually?
A: Information Provided: Principal value = $5000 Interest rate = 8% compounded annually Years = 6
Q: What annual rate of return is earned on a $5,000 investment when it grows to $10,250 in five years?…
A: Investment (P) = $5,000 Accumulated amount (A) = $10,250 Period (n) = 5 Years
Q: At what annual rate would the following have to be invested?
A: NOTE: As per our policy, we only answer up to three sub-parts. Therefore the first three sub-parts…
Q: What is the present value (PV) of an investment that pays $80,000 every year for four years if the…
A: In this problem we have to calculate quarterly interest and periods and calculate future value…
Q: What continuously compounded rate of return allows you to triple your money in 12 years? Select one:…
A: Compounding is a concept in which the amount invested and the interest earned gets interest on the…
Q: At what annual interest rate will $1,200 invested today be worth $2.500 in 12 years?
A: Total amount (A) = 2,500 Principal (P) = 1,200 Years (n) = 12
Q: At 8 percent interest rate per year (annual interest payment), how many years does it take to…
A: Answer: Calculation of the time it will take to quadruple the money: Formula, we will use here:…
Q: What is the simple interest rate that will triple an investment (make it three times as much) in 12…
A: Let the simple interest rate = r Also, let the initial investment = X Duration (n) = 12 years We…
Q: At 14 percent interest, how long does it take to quadruple your money?
A: Years = ln(Future value / Present value) / ln(1 + Rate) where, Future value = $4 Present value = $1…
Q: What is the accumulate value of a payment of P12,500.00 at the end of each year for 9 years with…
A: Future value can be calculated using following formula. FV (rate, nper, pmt, [Pv], [type]) Rate…
Q: What is the 'future value in one year' of $106 today if the annual interest rate is 6%? A.…
A: The mathematical formula of the concept is:
Q: If you invest $10,000 today for 8 years, how much will the original investment be worth if…
A: Solution:When some amount is invested somewhere, it earns interest on it.The amount initially…
Q: How much should be invested now to have $15,000 in six years if interest is 4% compounded quarterly?…
A: Future value required (FV) = $ 15000 Annual interest rate = 4% Quarterly interest rate (R) = 4%/4 =…
Q: At what nominal rate c.q. does money double in 10 years?
A: Compounding refers readjustment of principal by adding interest earned or due till date to principal…
Q: How much will $7500 in savings today be worth 5 years from now if it earns 6%, compounded monthly?…
A: Compound = Monthly = 12Present Value = pv = $7500Time = t = 5 * 12 = 60Interest Rate = r = 6 / 12 =…
Q: What is the future value in 2 years if you invest $100 at the beginning of each month for 12 months…
A: Future value of money includes the amount of deposit being made and the amount of compounded…
Q: How much would $1, growing at 13.7% per year, be worth after 75 years? Select one: a. $18,248.03…
A: Present value (PV) = $1 Interest rate (r) = 13.7% Period (n) = 75
Q: 25. How long will it take money to double itself if invested at 6% compounded annually A. 13.7 vears…
A: Solution: Let Amount deposited (PV) $100.00 Annual interest rate (Rate) 6% Desired Future…
Q: What is the total future value ten years from now of $400 received in 1 year, $350 received in 2…
A: Future value of a present amount With present value (PV), annual interest rate (r) and period (n),…
Q: ow long will it take an investment of $2,500 to grow three times in value to $7,500? Assume that the…
A: The given problem can be solved using NPER function in excel. NPER function computes no. of years/…
Q: What is the present value (PV) of $300,000 received five years from now, assuming the interest rate…
A: Given: Future value (FV) = $300,000 Rate of interest (r) = 9% = 0.09 Time period (n) = 5
Q: If an initial investment of $1,000 is invested at 8% interest per year with semi-annual compounding,…
A: Present value is the value of money at zero point of time available for the investment at a specific…
Q: $17,000 is invested at 10% per year, in approximately how many years will the investment double? OA.…
A: Present value is a financial concept that refers to the value of a future cash flow in terms of…
Step by step
Solved in 2 steps
- For a sum of money to double itself in 10 years, what must be the rate of interest compounded annually? a. 7.18% b. 6.18% c. 71.8% d. 8.18%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. 12.75At what interest rate compounded quarterly will money double itself in 10 years? a. 70% b. 0.7% c. 0.07% d. 7%
- 25. How long will it take money to double itself if invested at 6% compounded annually? A. 13.7 years В. 14.7 years С. 14.2 years D. 15.3 years2. How many years will 100,000 earned a compound interest of P 50,000 if the interest rate is 9% compounded quarterly? A. 4.55 B. 5.68 C. 3.55 D. 2.35At 8 percent interest rate per year (annual interest payment), how many years does it take to quadruple your money? O A. 9.86 O B. 15.24 O C. 12.18 O D. 18.01
- What is the present value of $14,000 to be received in one year if the interest rate is 8% p.a.? a. $6000 b. $15120 c. $12963 d. $22000How much should be invested now to have $15,000 in six years if interest is 4% compounded quarterly? Select one: a. $11,813.49 b. $12,096.77 c. $11,854.72 d. $14,130.68What is the accumulate value of a payment of P12,500.00 at the end of each year for 9 years with interest at 5% compounded annually?P137,832.05P178,338.50P187,833.50P138,738.05 How long will it take for an investment to double its amount if invested at an interest rate of 6% compounded bi-monthly.10 years8 years12 years14 years Answer both otherwise I will Dounvote
- At what simple interest rate per annum will P 1 become P 2 in 2 years? a. 100% b. 75% c. 50% d. 25%Question 11: How much must be deposited now at 7% interest, compounded annually, to produce $1,000 at the end of every year for 10 years? a. $8,100 b. $1,024 c. $10,567 d. $7,024What is the simple interest rate that will triple an investment (make it three times as much) in 12 years? a. 16.67% O b. 8.33% c. 9.59% d. 5.95% e. 25.00%