Question

how long does it take a $3,200 investment to double if it is invested at 7%...

how long does it take a $3,200 investment to double if it is invested at 7% compounded monthly?
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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
How long will it take an investment of $2000 to double if the investment earns interest...
How long will it take an investment of $2000 to double if the investment earns interest at the rate of 4%/year compounded monthly? (Round your answer to one decimal place.
How long will it take an investment of $6000 to double if the investment earns interest...
How long will it take an investment of $6000 to double if the investment earns interest at a rate of 7% per year compounded semi-annually.
How long does it take to double your capital if you put it in an account...
How long does it take to double your capital if you put it in an account paying compound interest rate at a rate of 7%? What if the account pays simple interest ? What if the account pays continuiusly compounded interest?
A) Find the interest rate needed for an investment of $8,000 to double in 14 yr...
A) Find the interest rate needed for an investment of $8,000 to double in 14 yr if interest is compounded monthly. B)How long will it take for an investment of $10,000 to grow to $12,500 if the investment earns interest at the rate of 8%/year compounded annually? C)How long will it take for an investment of $15,000 to double if the investment earns interest at the rate of 7%/year compounded continuously?
How long would it take for money to triple in value if invested at: a.9% compounded...
How long would it take for money to triple in value if invested at: a.9% compounded annually b. 9% compounded monthly b.12% compounded quarterly c.12% compounded monthly
Approximately how long would it take $500,000 to double to one million dollars if it were...
Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually ?
Suppose $40,000 is invested in an account that returns 7% per year compounded continuously. (Round your...
Suppose $40,000 is invested in an account that returns 7% per year compounded continuously. (Round your answers to one decimal place.) a. how long will it take for the investment to double? ____ yrs b. How long will it take for the investment to triple? _____ yrs
Use logarithms to solve the following problems 1. How long will it take $12,000 to grow...
Use logarithms to solve the following problems 1. How long will it take $12,000 to grow to $18,000 if the investment earns interest at the rate of 2%/year compounded monthly? 2. Find the interest rate needed for an investment of $4200 to double in 6 years if interest is compounded continuously 3. How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 5% compounded continuously?
How long does it take to double your money at 10 percent interest? How long does...
How long does it take to double your money at 10 percent interest? How long does it take to quadruple your money? Present Value Years Interest Rate Future Value $ 1.00 10% $2.00 $1.00 10% $4.00
1. How much more interest will be earned if $7000 is invested for 6 years at...
1. How much more interest will be earned if $7000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly. 2. How long does it take for an account containing $6000 to be worth $15,000 if the money is invested at 8.4% compounded monthly?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT