long does it take for your money to grow to ten times its original value if the interest rate of 7% per year?

Q: At what interest rate will money: a. Double itself in 10 years? b. Triple itself in 10 years? c.…

A: Rate of interest refers to the amount charged by the lender of money to the borrower for using the…

Q: Suppose you are going to receive $13,500 per year for five years. The interest rate is 8.4% a. What…

A: PV of Ordinary Annuity = 13500*a<5> = 13500*(1-(1+i)^-5)/i = 13500*(1-1.084^-5)/0.084 =…

Q: What is the present value of the payments if they are in the form of an ordinary annuity? What is…

A: The present value can be calculated as follows : Calculations for above :

Q: How long does it take (to the nearest whole year) for $1,000 to quadruple in value when the interest…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: (3) You want to triple your money in 25 years. What is the annual compound interest rate necessary…

A:

Q: How long will it take for a CD to double, if money earns a simple interest rate of 4.8%? Round up…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: ears if the annual interest rate is 8 percent. a. What would be the future value if the interest…

A: Simple interest is that no interest on interest is considered and in compounding interest interest…

Q: g does it take for your money to grow to seven times its original value if the interest rate of 6%…

A: The given problem can be solved using NPER function in excel.NPER function computes no. of years/…

Q: How much can you borrow today if you promise to repay $20,000 two years from today at a compound…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: What is the present value of $3,000 paid each year forever, assuming a discount rate of 5% and the…

A: The question is solved by computing the present value of perpetuity.present value of perpetuity…

Q: How long will an amount of money double at a simple interest rate for 10% per annum?

A: Solution: For money to double we need 100% return on principal Annual return using simple interest =…

Q: You deposit $100 today, $200 one year from now, and $300 three years from now. How much money will…

A: The concept of the time value of money states that the same amount of money today is worth more than…

Q: If bank offers you to double your money in 12 years, what is the interest rate that it gives?

A: Given, Number of years 12.

Q: How many years will it take for a uniform annual deposit of size A to have the same value as a…

A:

Q: What is the relationship between the value of an annuity and the level of the interest rate? Suppose…

A: The question gives the following information:

Q: What return per year would you need to receive in order to double your money in 8 years?

A: Assume the present value = $100 Future value =Present value × 2 = $100 × 2= $200 Time period = 8…

Q: How many years will it take for P200,000 to double at a simple interest rate of 16%?

A: As per Simple Interest : Future Value = Principal Amount + Interest

Q: What is the value today of a money machine that will pay $1,507.00 per year for 10.00 years? Assume…

A: The concept of time value of money will be used here. To compute the future value we compound the…

Q: How long will an amount of money double at a simple interest rate of 2% per annum?

A: Let, it takes n years to double the money. Then, 2 = 1 + 1 x n x 2% 1 = n x 2% n = 1/2% n = 50 years

Q: An investor deposits $1000. How long will it take them to double the initial deposit if the…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: How many years would it take for money to triple in value at 20% per year simple interest?

A: Simple interest is the type of interest that is calculated on the basis of the principal original…

Q: If you earn an annual interest rate of 9.8 percent, how many years will it take to triple your…

A: Future value is the value of an asset or investment at a specified future date, based on the…

Q: How long does it take for your money to grow to ten times its original value if the interest rate of…

A: The given problem can be solved using NPER function in excel. NPER function computes no. of years/…

Q: How much will $5,000 to be received in 10 years be worth today if the interest rate is 7%?

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: What is the value of an investment today, if it pays P250 interest forever and the appropriate…

A: Annual forever interest payment = P 250 Annual interest rate = 5%