Question

You plan to invest in bonds that pay 4.0%, compounded
annually. If you invest $20,000 today, how many years will it take
for your investment to grow to $30,000? *

A. 5.37.

B. 7.74.

C. 8.27.

D. 10.34.

E. None of the above.

Answer #1

We have the compound interest formula:

Where,

A = Amount at the end of the period

P = Principal amount invested

i = rate of interest in decimal form

n = number of years

Therefore,

Now, taking log_{10} on both sides, we get:

**Therefore, the answer is D.10.34 years.**

You plan to invest in securities that pay 8.0%, compounded
annually. If you invest $5,000 today, how many years will it take
for your investment to grow to $9,140.20? Using the information in
the problem above; How many years will it take if monthly
compounding, assuming everything else is the same? (Round to tenth
decimal)

7. Your investment account pays 5.6%, compounded annually. If
you invest $5,000 today, how many years will it take for your
investment to grow to $9,140.20? Select the correct answer. a.
12.27 b. 13.47 c. 9.87 d. 11.07 e. 14.67

"If you invest $20,000 today for 5 years at 3% annually
compounded quarterly, what is nper in the Excel formula?"

A. Suppose you invest $83736 today in an account that earns 13%
interest annually. How much money will be in your account 7 years
from today?
B. What is the value today of single payment of $36665, 18 years
from today if the value is discounted at a rate of 19%?
C. How many years would it take an investment of $172 to grow to
$18096 at an annual rate of return of 15%?
D. How much money would you...

if you invest 20,000 at an annual rate of 7% compounded
annually, calculate the final amount you will have in 30 years

19. I have an opportunity to invest $20,000 today at a compound
interest rate of 6.4% p.a compounded monthly. I intend to withdraw
the total account balance when it reaches $106,000. How long do I
need to hold the investment? Answer in months to two decimal
places.
20.
Greg makes an investment which is expected to pay 4% p.a.
interest, compounded annually. He invests $4,000 today. The value
of the investment at the end of nine years, if you make...

You have $1,500 to invest today at 7% interest compounded
annually. How much will you have accumulated in the account at the
end of the following number of years? In three years; In five years
In seven years

Five years from today, you plan to invest $2,500 for 7
additional years at 8.4 percent compounded annually. How much will
you have in your account 12 years from today?

Q1) Suppose you invest $66,624 today in an account that earns
13.00% interest annually. How much money will be in your account 11
years from today?
Q2) What is the value today, of single payment of $51,252 made
13 years from today, if the value is discounted at a rate of
04.00%?
Q3) How many years would it take an investment of $333 to grow
to $10,789 at an annual rate of return of 11.00%?
Q4) How much money would...

Aryanna invests $30,000 today into an investment that earns 5%
annually, but interest is compounded continuously. What is the
future value of this investment 15 years from today? Select
one:
a. $63,500
b. $72,300
c. $81,100
d. $67,500
e. $62,400

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 38 minutes ago

asked 40 minutes ago

asked 52 minutes ago

asked 55 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago