How long in years will a certain sum of money to double its amount when invested at a rate of 12% compounded semi-annually?
with solution
How long in years will a certain sum of money to double its amount when invested...
3.7 how long does it take for a sum of money to double itself at 14% compounded annually?
A sum of money invested at 2% per 6-month period (semiannually will double in amount in approxi- mately how many years?
(1 point) How long will it take 1500 dollars to double if it is invested at 8% interest compounded semi-annually? Answer (in years): (1 point) You want to buy a $25000 car. The loan company offers you a 2% interest rate on a four year (48 month) loan. What is your monthly payment?
How long will it take money to double if it is invested at the following rates? (A) 4.8% compounded monthly (B) 10.5% compounded monthly
Problem 330: A sum of money invested at 2000 per 6 month period will double is amount in approximately how Solution Future Sum (F) = P(x) (1+i)" many years ?
For a sum of money invested at 4.44.4% compounded semi dash annuallysemi-annually for 33 years state the following values. (a) the number of compounding periods (b) the periodic rate of interest (c) the compounding factor left parenthesis 1 plus i right parenthesis Superscript n(1+i)n (d) the numerical value of the compounding factor
5. How long will it take money to double if it is invested at (A) 8% compounded semiannually? (B) 7% compounded semiannually? 6. Bank A offers a 2-year GIC that pays 4.82% compounded continuously and Bank B offers a 2-year GIC that pays 4.85% compounded quarterly. Find the annual percentage yield (or effective rate) for each one Which bank's GIC has the higher return?
For a sum of money invested at 11.8% compounded quarterly for 10 years state the following values a) the number of compounding periods b) the periodic rate of interest (c) the compounding factor (1 + i)n (d) the numerical value of the compounding factor (a) The number of compounding periods is 4 (Type an integer or a decimal.) (b) The periodic rate of interest is %. (Round to six decimal places as needed.) A (C) The compounding factor is (1+...
4. Sally invested a sum of money at 10% interest, compounded monthly. She let the sum accumulate interest for 12 years and now has $15,000. What was Sally's initial amount that she invested?
4, Sally invested a sum of money at 10% interest, compounded monthly. She let the sum accumulate interest for 12 years and now has $15,000. What was Sally's initial amount that she invested? I/Y PV PMT FV