Question

An investment appreciated 256% over 24 years and 8 months. What is its tripling (3x) time?...

An investment appreciated 256% over 24 years and 8 months. What is its tripling (3x) time? Assume monthly compounding. Report your answer to the nearest month.

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

when t=24 years and 8 months. then investment is 256%

.

t=24 years 8 months = 296 months

A=296%

P=100%

n=12 for monthly compound

r=?

.

.

.

for tripling time take A=300% which means A=3P

months

or

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Consider a contract that pays out $1,143 in 6 months, $101 in 12 months, $62 in...
Consider a contract that pays out $1,143 in 6 months, $101 in 12 months, $62 in 18 months, $30 in 2 years. Price this contract, assuming the following yield curve: time spot rate 6-month 1% 12-month 2% 18-month 2.5% 24-month 2.8% Assume semi-annual compounding. Round your answer to the nearest cent (2 decimal places).
1.Suppose you will receive $14,000 in 10 months and another $8,000 in 22 months. If the...
1.Suppose you will receive $14,000 in 10 months and another $8,000 in 22 months. If the discount rate is 5% per annum (compounding monthly) for the first 13 months, and 10% per annum (compounding monthly) for the next 9 months, what single amount received today would be equal to the two proposed payments? (answer to the nearest whole dollar; don’t include the $ sign or commas) 2. Jill wants to buy a car but needs to calculate how much she...
what monthly compounding nominal interest rate is earned on an investment that doubles in 8 years?
what monthly compounding nominal interest rate is earned on an investment that doubles in 8 years?
An investment earned 12%, -32%, and -4% over the prior 3 months. 1. What was the...
An investment earned 12%, -32%, and -4% over the prior 3 months. 1. What was the total return during those three months? Answer in percent rounded to two decimal places. 2. What was its volatility, based on the sample standard deviation of its monthly returns? Answer in percent rounded to two decimal places.
7. An investment will pay $100 at the end of each of the next 3 years,...
7. An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $350 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. Present value: $   Future value: $   8. You want to buy a car,...
J. Johnson receives a defined retirement benefit, which commences in 15 years. At that time, Johnson...
J. Johnson receives a defined retirement benefit, which commences in 15 years. At that time, Johnson is to receive monthly cash payments of $900 for 10 years with the first payment scheduled for the end of the initial month of benefit. Assume an interest rate of 9%. Required What is the value of the deferred annuity as of today? Assume annual compounding during the deferral period. Round your answer to the nearest whole number. Do not use a negative sign...
J. Johnson receives a defined retirement benefit, which commences in 15 years. At that time, Johnson...
J. Johnson receives a defined retirement benefit, which commences in 15 years. At that time, Johnson is to receive monthly cash payments of $3,000 for 10 years with the first payment scheduled for the end of the initial month of benefit. Assume an interest rate of 6%. Required What is the value of the deferred annuity as of today? Assume annual compounding during the deferral period. Round your answer to the nearest whole number. Do not use a negative sign...
An investment will pay $150 at the end of each of the next 3 years, $250...
An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 11% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. Present value: $   Future value: $   You want to buy a car, and a...
i take an investment of $1,000 dollars with compounding interest of 8% monthly how much will...
i take an investment of $1,000 dollars with compounding interest of 8% monthly how much will i have in 5 years. No other capital is added besides the initial 1,000 and interest over the time period
a. An investment will pay you $17,000 in 8 years. The appropriate discount rate is 10...
a. An investment will pay you $17,000 in 8 years. The appropriate discount rate is 10 percent compounded daily. Required: What is the present value? b. You are planning to make monthly deposits of $60 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 16 years? c. You are planning to save for retirement over the next 25 years....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT