4) How long will it take your money to triple if you receive 10% return on...
AGEC 217 Dr. Menzies Homework #3 Hannah Jones Show work for any partial credit. 1) What is the future value of $25,000 invested today at 8% compounded monthly for 4 years? FV=PV*(1+i)" = 2900 D (1.0047) "2.4 14X12 FV = 25000 (17.08.)***2 = 1439 1.65 30 2) What is the present value of $400,000 you save for retirement 30 years from now if you discount it at 5%? FV=PV/14 ėjn PV = 400 DO DO (17.05) PV=92950.98 3) What is...
How long will it take money to triple at an APR of 7.6% compounded annually? It will take years to triple an amount of money earning 7.6% compounded annually. (Round up to the nearest year.) Enter your answer in the answer box. Type here to search Ote A woman and wages of $56,800, received $1400 in interest from a savings account, and contributed $3200 to a tax-deferred retirement plan. She was entitled to a personal exemption of 53100 and had...
Suppose an investment offers to triple your money in one year? What rate of return are you being offered? Assume interest is compounded annually.
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously at 7%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
10) At 6 percent compounded monthly, how long will it take to triple your money? A) 221 months B) 175 months C) 102 months D) 48 months
how long would it take for your money to triple in value if it earned a return of 10%?
if you want to triple your money at an interest rate of 8 percent per year compounded annually, how many years would you have to leave the money in the account?
How long will it take for an investment to triple if it is compounded continuously at 9%? It will take about years to triple the investment (Round to two decimal places as needed.)
How long will it take for an investment to triple if it is compounded continuously at 4%? It will take about years to triple the Investment. (Round to two decimal places as needed.)
How long it will take an investment of $15000 to triple in value with return of 9% annual. 12.75 Years 13.15 Years 10.91 Years 14.00 Years