3.7 how long does it take for a sum of money to double itself at 14% compounded annually?
It will take around 5.4 Years to get a money doubled with 14% annual compund Interest.
3.7 how long does it take for a sum of money to double itself at 14%...
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
Using the Rule of 72, approximately how long will it take to double your money if you invest it at 9% compounded annually? (Work out the problem on a separate sheet of paper before entering the answer.) (Round your answer to a whole number)
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
At 5 percent compounded monthly, how long will it take to double your money?
How long does it take for an investment to double in value if it is invested at 10% compounded quarterly? Compounded continuously?
If a bank pays 6.8% compounded continuously, how long will it take to double your money?
a. At 5.3percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. At 5.3 percent interest, how long does it take to quadruple your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Length of time b. Length of time years years
At 9.25 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) At 9.25 percent interest, how long does it take to quadruple your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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?
How long does it take for an investment to double in value if it is invested at 6% compounded quarterly? Compounded continuously? At 6% compounded quarterly, the investment doubles in about (Round to two decimal places as needed.) years.