With an interest rate of 8%, how long does it take for an investment of $10, 400 to grow to $20, 000, if the interest is compounded (a) annually? (b) monthly (please keep 7 decimal places during your computation)? (c) continuously?

Q: If an investment of $5,000 is made in an account returning 2% p.a. then how long will it take for…

A: Using excel NPER function

Q: An investment promises two payments of $610, on dates four and eight months from today. If the…

A: Lets understand the basics.Value of investment is calculated by discounting payments receivable at…

Q: What is the future value of an account if $8,000 is invested at a rate of 7% compounded monthly for…

A: Future Value = P * (1 + i/n)(n x t)Where: P = Initial Invested amount i = Annual interest rate n =…

Q: Suppose that you now have $4,000. How much will you have after 10 years if you leave it invested at…

A: Future value (FV) refers to the value of an investment or an asset at a specified point in the…

Q: How much money will be in s bank account after thress years, if the account pays 6% inerest…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: Suppose we put $15000 into an account earning 3% interest compounded continuously. How long will it…

A: NPER stands for number of years or periods which is needed to clear or to pay off the loan amount at…

Q: Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. e)…

A: Amount Deposited (P) =$5000 APR(r) = 4% = 4/12 = 0.3333% Years(n) = 7

Q: If $27,800 is invested in an account that earns interest at an annual rate of 2.8%, compounded…

A: We need to use future value continuous compounding formula below to calculate number of years.A =…

Q: What are the future value and the interest earned if $3800 is invested for 7 years at 8% compounded…

A: Step 1 Future Value The value of an asset at a future date is its future value. It is the present…

Q: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…

A: Future Value = Present Value (1 + g)n

Q: How much interest will be earned if $5,000.00 is invested for 3 years at 10% compounded semi-annual?…

A: Future value is computed by following formula-FV = A × (1+r)nwhere,FV = Future value A = Amount…

Q: Use logarithms to solve the problem. How long will it take $11,000 to grow to $19,000 if the…

A: Compound = monthly = 12 Present value = pv = $11,000 Future value = fv = $19,000 Interest rate = r =…

Q: What is the value today of a money machine that will pay $1,321.00 per year for 11.00 years? Assume…

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

Q: Double your money-Rule of 72 Approximately how long will it take to double your money if you get an…

A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: When we are investing into particular security, the value of it increases over the period of time.…

Q: An investment will pay you $36,000 in 12 years. If the appropriate discount rate is 6.3 percent…

A: Present value is calculated using following equation Present value = Future value 1+r/mn×m Where, n…

Q: An investment will pay you $40,000 in 11 years. If the appropriate discount rate is 6.7 percent…

A: Present value is calculated by discounting the future cash flow using the appropriate discount rate.…

Q: Suppose are going to make monthly deposits into an account with an annual interest rate of [8] 2.5%…

A: For calculating the monthly deposit as ordinary annuity; the $1,000,000 amount shall be taken as the…

Q: You invest $10,000 into a money market account that pays interest on a semi-annual basis (e.g.,…

A: We use NPER function in excel by taking present value as 10000 and future value as 20000 and…

Q: Suppose we are going to make monthly deposits in to an account with an annual interest rate of 4.1%…

A:

Q: long (in years) would $800 have to be invested at 11.6%, compounded continuously, to earn $300…

A: Interest is the return that is earned by an investor on investing a certain sum for a set duration…

Q: You are considering taking out a loan of $14,000.00 that will be paid back over 8 years with monthly…

A: Equity in a home refers to how much of that home's value a person has already invested in it.

Q: Suppose that $1,000 is invested at 6% interest compounded continuously. Use the formula A = Pert.…

A: a) A = P * e^(rt)

Q: Suppose that $6,300 is invested at 3.1% annual interest rate, compounded monthly: How much money…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…