Q: How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with…
A: Number of years refers to the time period for which the investment is paid. Sometimes, the period of…
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A: Let's first understand the question and the information given -Amount due in 1 year$700Amount due in…
Q: How long will it take $250,000 placed in a savings account at 8.5% interest to grow into $500,000?
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A: Value of investments after 10 years=$50,000Rate of return(r)=8%Time(n)=10 years
Q: ou wish to have an investment that will bring about $50 000 in ten years, and the rate of return is…
A: Future value is defined as the amount that one gets at the end of the maturity period. An investment…
Q: You have an investment account that started with $2,000 10 years ago and which now has grown to…
A: Future value is an estimated value of the investment by an investor during period of time. This is…
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A: As per Time Value of money, Future value = Present value * (1+rate)^n
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Q: How much money will you have after 4 years if you deposited P10,000.00 in a bank that pays 6% simple…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: If an investor intends to double $25,000 by investing in a bank that pays 7% interest per year,…
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Q: Suppose you put $1000 in an account today and you need to have $6727.5 in the future. If the bank…
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Q: How long will it take $50,000 placed in a savings account at 10% interest to grow into $100,000?
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Q: How long it would take tk 150000 to double if it was invested in a bank at 6.5% interest rate?
A: Time taken to double the give amount can be calculated using future value formula.
Q: How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000?
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A: The answer is in the explanation.Explanation:Convert the annual interest rate to a monthly…
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A: GIVEN, fv=135,000 N=4 R=12% LET ANNUAL DEPOSIT = A
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A: Calculation of Present value of perpetuity:Answer:The present value of the investment is $12,500
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- How many years would it take $50 to triple if it were invested in a bank that pays 3.8% per year?How long would it take $1,000 to double if it was invested in a bank that paid 6% peryear? How long would it take if the rate was 10%? (11.9 years, 7.27 years)How long it would take tk 150000 to double if it was invested in a bank at 6.5% interest rate?
- Solve the following problem. If P100,000.00 is invested in a bank at 4.5% simple interest annually, how much interest will the investor get after 5 years? areSuppose you put $1000 in an account today and you need to have $6727.5 in the future. If the bank pays 10%, how many years (n) will it take you to have $6727.5?How much money will you have after 4 years if you deposited P10,000.00 in a bank that pays 6% simple interest? 4. 5. How long will an amount of money triple at a simple interest rate of 1% per annum?
- Your bank pays 5% interest annually. You have $4,500 invested in the bank. How long will it take for your funds to double? How would this change if the bank pays rather 8% instead of 5%?You have an investment account that started with $3,000 10 years ago and which now has grown to $8,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 16% per year from now on, what will the account's value be 10 years from now?How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000?
- How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%?K You have an investment account that started with $4,000 10 years ago and which now has grown to $10,000. a. What annual rate of return have you earned (you have made no additional contribution to the account)? b. If the savings bond earns 14% per year from now on, what will the account's value be 10 years from now? What annual rate of return have you earned (you have made no additional contributions to the account)?You have an investment account that started with $2,000 10 years ago and which now has grown to $8,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 13% per year from now on, what will the account's value be 10 years from now?