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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- What 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%10. What interest rate, compounded monthly, will triple the value of an investment after 12 years? A. 9.2% B. 6% C. 12% D. 7.7%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. $98,234
- If 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 quarterlyYou 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 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. 12.75
- 8. A particular investment promises to make year-end annual payments in perpetuity. The first four annual payments will be $5. After that, future annual payments will grow at 5% per year forever. What is the present value of this investment if the discount rate is 10%? a. $98.68 b. $87.57 c. $76.46 d. $65.35 e. $54.24What is the present value (PV) of an investment that pays $80,000 every year for four years if the interest rate is 6% APR, compounded quarterly? A. $331,614 B. $276,345 C. $359,248 D. 303, 979N1 What is the value today of an investment that will pay $3,947.00 every six months for 27 years? Assume the first payment is made 5 years from today. The annualized interest rate is 9.00% p.a.