(ii) What would be the annual interest rate needed to triple over ten years an initial $5000 investment compounded quarterly. (Express your answer accurate to the nearest percent.)

Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

A:

Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: Gallant invests starting at age 25 until he retires at age 65. If he invests $2400 each yearat 9.6%…

A: J

Q: Find the interest rate needed for an investment of $7000 to grow to an amount of $9500 in 2 years if…

A: Given P=$7000A=$9500n=2 yearsfor  compounded monthly this fformula will applyA=P(1+R12x100)12xn

Q: In 17 years, Brockton is to receive $120,000 under the terms of a trust established by his…

A: Continuously Compound:  The formula for the compounded continuously is given by…

Q: Find the interest rate needed for an investment of $3,000 to double in 6 years if interest is…

A:

Q: If an investment grew to $15,500 in 3 years and the interest amount earned was $1,752.71, calculate…

A:

Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: You want to buy a $19,000 car. The company is offering a 2.5% annual interest rate, compounded…

A:

Q: How much would you have to pay into an account at the beginning of every 3 months to accumulate…

A:

Q: Find the interest rate needed for an investment of $9,000 to triple in 7 years if interest is…

A:

Q: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

A:

Q: A new engineer wants to save money for a down payment on a house. The initial deposit is $685, and…

A:

Q: How long will it take for a $3,482.00 loan to double in value at a 7.5% compounded monthly interest…

A:

Q: venture promises a 7% annual interest rate compounded once a year. For how many years should Roger…

A:

Q: If you want an account balance of $15,000 after 10 years, what amount do you need to invest…

A: Let, the investment needed is $P. Rate of interest = 6% p.a (compounded monthly)  Then, lumpsum…

Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

A: