How long will it take to earn $252 in interest if $1200 is invested at a 7% annual interest rate
if you earn an annual interest rate of 10.2 percent how many years will it take to triple your money
If you earn an annual interest rate of 10.3 percent, how many years will it take to quadruple your money?
You currently have $2,500 invested at an annual rate of 8%. How long will it take for this investment to grow to a value of $3,500? Explanation please
If the interest rate is 3% compounded annually, how long will it take to earn $100 interest on an initial deposit of $300? [Hint1: interest = FV - PV. Hint2: logarithmic manipulation is very useful while solving for an exponent]
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $16000? Use the model A(t) = Pe" and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $16000.
A. If you want to earn 9% annual simple interest on an investment, how much should you pay for a note that will be worth $24,400.00 in 2 months. B.If $9,000.00 is invested at 16% annual simple interest, how long does it take to be worth $37,800.00. It will take ____years? (round to the nearest whole).
If you earn an annual interest rate of 10.3 percent, how many years will it take to quadruple your money? 14.14 years 13.05 years 12.86 years 11.31 years 12.37 years
How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%? At what annual interest rate must $10,000 be invested so that it will grow to be $475,000 in 20 years?
How long does it take for $856 to grow into $1,712 at an annual interest rate of 5%?
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...