Answer - 10.61 years
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Submit y how many years are needed to double a $100 investment when interest rates are...
Approximately how many years are needed to double a $100 investment when interest rates are 8.00 percent per year? (Round y answer to 2 decimal places.) eriod
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Approximately how many years are needed to double a $500 investment when interest rates are 13.25 percent per year? (Round your answer to 2 decimal places.) Period years
Using the Rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 7.50 percent per year? (Round your answer to 2 decimal places.)
Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 6.75 percent per year?
J Approximately what interest rate is needed to double an investment over six years? A) 17 percent B) 100 percentC) 12 percent D) 6 percent 9) Determine the in Determine the interest rate earned on a $1,500 deposit when $1,680 is paid back in one year. 9) A) 0.89 percent C) 89.00 percent B) 12.00 percent D) 1.12 percent 10) Consider a $1.000 deposit earning 7 percent interest per year for four years. How much total interest is earned on...
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day if the 7 years after depositing 100 20 How much would be in your wavings pays 5 percent interest per year? A) 5735.00 B) SI35.00 C) 140.71 D) 5814.20 2) A deposit or 5500 earns the following interest rates 5 percent in the first year Opercent in the second year, and percent in the third year. What would be the third year future Value A) 5527.14 B) 5595.00 C) S1595.00 D) 5601.02 20 What is the present...
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How many years are required for an investment to double in value if it is appreciating at the rate of 8% compounded continuously? At 8% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years. At what nominal rate compounded continuously must money be invested to double in 6 years? A rate of | % is required for money to double in 6 years. (Do not round until the final answer. Then round to...
How many years are required for an investment to double in value if it is appreciating at the rate of 9% compounded continuously? At 9% compounded continuously, the investment doubles in Round to one decimal place as needed.) years.
(a) How long will it take an investment to double in value of the Interest rate is 6% compounded continuously? (Round your answer to one decimal place.) 11.6 years (b) What if the interest is compounded annually? (Round your answer to one decimal place.) x years