44. 31. How long will it take $5000 to grow to $6500 if the investment earns...
How long will it take an investment of $5900 to double if the investment earns interest at the rate of 6% compounded continuously? Please round your answer to two decimal places. 9.80 yr 11.55 yr 13.86 yr 13.14 yr 9.90 yr
Question ? How many years will take for an investment of 57.500 to grow to $2.000 is invested w a lly? At what rate of interest mest you savings of $10,000 he compounded annually for it to grow to 52.000 in years? 12.5-25-5 marks) a lot of 100AED on 5 years. The interest rate is 2% compounded Construct an amortization schedule for the loan repayment (5 Marks) al Question 2 i. How many years will it take for an investment...
To the closest year, how long will it take a $200 investment to double if it earns 7 percent interest? How long will it take if the investment ears 18 percent? (Note: use the Rule of 72).
[5 pts] How long will it take for an investment to double in value if it earns 10% compounded monthly? Round to 2 decimals.
If you made an investment of 2000 today about how long would it take for it to double in value if interest rate on investment is %10?
MWENYI It is invested at 5% compounded continuously? Exercise 7. How long will it take to double an investment at 11.99% com- pounded bi-weekly? Exercise 8. You deposit $17,000 in a savings account. What rata namnaunda
How long will it take for a $2500 investment to grow to $4000 at an annual rate of 15%, compounded monthly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth If necessary, refer to the list of financial formulas. U years I Don't Know Sulit 2020 M Als Res
Sometimes we need to find out how long it will take money to grow to some particular amount. For example, if a company's sales are growing at 10% per year, how long will it takes sales to triple? This answer is 11.53 ***The answer I need help with is as followers. If you want the investment to double in 8 years, what interest rate must it earn?
1. How long will it take $3000 to grow to $23000 if it is invested at 7% compounded monthly? ____ years (round to nearest year). 2. For services rendered, an attorney accepts a 120-day note for $6,000 at a 8% simple interest from a client. (Both interest and principal are repaid at the end of 120 days.) Wishing to use her money sooner, the attorney sells the note to a third party for $6,060 after 30 days. What annual interest...
How long will it take $5,000 investment to grow to $6,500 at an annual rate of 7% compounded semi-annually