if you want to triple your money at an interest rate of 8 percent per year...

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Question

if you want to triple your money at an interest rate of 8 percent per year...

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?

business accounting

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Answer 1

Answer #1

we have to use financial calculator to solve this problem
put in calculator -

FV	300
PV	-100
PMT	0
I	8%

Compute N	14.27	year

therefore it will take 14.27 year to triple the money

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Answer 2

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4) How long will it take your money to triple if you receive 10% return on...

You won $3000 today and want to triple your money by 2026 what interest rate must...

Your bank will pay you an interest rate of .137 percent compounded weekly. You want to...

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You currently have $3,900 (Present Value) in an account that has an interest rate of 4.5%...

You currently have $5,500 (Present Value) in an account that has an interest rate of 6.5%...

You currently have $6,500 (Present Value) in an account that has an interest rate of 3%...

You currently have $7,400 (Present Value) in an account that has an interest rate of 7.5%...

Your bank will pay you an interest rate of .077 percent compounded weekly. You want to...

if you want to triple your money at an interest rate of 8 percent per year...

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Add Answer to: if you want to triple your money at an interest rate of 8 percent per year...

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