Question

How many years will it take for 9,000 to grow to 84,000 if you can earn an average rate of 6.9% per year

Answer #1

We can use the compound interest formula to find the answer:

Where,

A = Amount

P = Principal amount

i = rate of return

n = number of years

i = 6.9 /100 = 0.069

Substituting the values, we get:

Now taking Log on both sides we get:

Investing. How many years will it take $9,000 to grow to $16,700
if it is invested at 3% (A) compounded quarterly? (B)
compounded continuously?

- How many years will it take for $100,000 to grow to $500,000
if it is invested at an annual interest rate of 9.15%? Round to the
nearest 0.01.
- You are told that if you invest $5,000 per year for 35 years
you will have accumulated $1,000,000. What is the annual rate of
return on the latter investment? Round to the nearest 0.01%.

Show the work with formulas.
- How many years will it take for $100,000 to grow to $500,000
if it is invested at an annual interest rate of 9.15%? Round to the
nearest 0.01.
- You are told that if you invest $5,000 per year for 35 years
you will have accumulated $1,000,000. What is the annual rate of
return on the latter investment? Round to the nearest 0.01%.

Que: How many years will it take to acquire the 1.5 million if
you only earn 6% and have 50k now and put in 12k per year?
a. 54
b. 33
c. 40
d. 38

How many years will it take $145,000 to grow to $675,000 if it
is invested in an account with a quoted annual interest rate of 9%
with monthly compounding of interest?

1. How many years will it take for $480 to grow to $1,061.07 if
it's invested at 7 percent compounded annually?
The number of years it will take for $480 to grow to $1,061.07
at 7 percent compounded annually is ___ years?
2. At what annual interest rate, compounded annually, would
$520 have to be invested for it to grow to $2,008.76 in 10
years?
The annual interest rate, compounded annually, at which $520
must be invested for it to...

(Compound
value solving for
n)
How many years will the following take?a.
$500
to grow to
$1,039.50
if invested at
5
percent compounded annuallyb.
$35
to grow to
$53.87
if invested at
9
percent compounded annuallyc.
$100
to grow to
$298.60
if invested at
20
percent compounded annuallyd.
$53
to grow to
$78.76
if invested at
2
percent compounded annuallya. How many years will it take
for
$500
to grow to
$1,039.50
if invested at
5
percent compounded annually?
nothing...

Compound
value solving for
n)
How many years will the following take?a.
$510
to grow to
$1,093.23
if invested at
10
percent compounded annuallyb.
$38
to grow to
$60.30
if invested at
8
percent compounded annuallyc.
$110
to grow to
$421.94
if invested at
13
percent compounded annuallyd.
$51
to grow to
$64.39
if invested at
6
percent compounded annually
a. How many years will it take for
$510
to grow to
$1,093.23
if invested at
10
percent compounded annually?...

How many years does it take for $1,000 grow to be
$1,500, if interest rate is 12% compounded monthly?
BGN or END MODE ( choose one ) P/Y =
N= ?
I/Y=
PV=
PMT=
FV=
CPT , N =
Can you explain how you computed it for compunded monthly.
2. How many years does it take for $1,000 to grow to be
$1,500, if interest rate is 12%?
BGN or END MODE ( choose one ) P/Y =
N= ?...

How long will it take you to grow your $5,000 investment in your
savings account to $12,000 for a down payment on a new sports car?
Assume you can earn 1.5% annual interest per year on your savings,
compounded monthly, and you make no further deposits into the
account.
Multiple Choice
700.81 years
58.80 years
4.90 years
63.87 years
58.40 years

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