The interest rate that will triple an initial investment in 10 years is equal to a. 11.61% b. 29.99% c. 19.97% d. 15.47%
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- Calculate the future value of an investment if the annual interest rate is 9%, number of payments is 30, and each payment of $1000 is made at the end of the year. A. $102,893 B. $136,308 C. $108,212 O D. $98,234If the current rate of interest is 5%, then the future value (FV) of an investment that pays $1,000 per year and lasts 15 years is closest to: A. $12,947 B. $25,895 C. $21,579 D. $30,211At what interest rate compounded quarterly will an investment of P2000 double in amount after 5 years? Select the correct response: O 20.05%pa cmpd quarterly O 15.45%pa cmpd quarterly O 14.35% pa cmpd quarterly 14.11% pa cmpd quarterly 12.68%pa cmpd quarterly
- You invest $4200 for a period of 7 years. At the end of 7 years your investment has grown to $7200. What is the annual rate of return on this investment? O a. 6.18% b. 10.20% O c. 8.00% O d. 71.43%An investor receives $1,050 in 6 months in return for an investment of $1,000 now. What is the equivalent annual nominal return on this investment with continuous compounding? a. 10.00% b. 4.88% c. 9.76%An investment becomes P 4,500,000 four years from now and becomes P 5,250,000 thirteen years from now. a. Assuming rate of compounded interest remains constant through time, what was the investment's value on the present time? b. What rate of interest compounded quarterly is equivalent to the interest rate of the given investment? c. What rate of interest compounded monthly is equivalent to the interest rate of the given investment?
- An investment has doubled in 8 years. What is the annually compounded rate of return? Select one: a. 5.77% b. 10.14% c. 7.89% d. 9.05%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. 12.75Financial Accounting