Question

At 6.5% interest, how long does it take to double your money?

(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Length of time years At 6.5% interest, how long does it take to quadruple it?

(Do not round intermediate calculations. Round your answer to 2 decimal places.) Length of time years

Answer #1

At 5 percent interest, how long does it take to double your
money? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
Length of time
years
At 5 percent interest, how long does it take to quadruple your
money? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
Length of time
years

At 6.1 percent interest, how long does it take to double your
money? (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.) Length of time years At
6.1 percent interest, how long does it take to quadruple it? (Do
not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.) Length of time years.

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

Problem 5-7 Calculating the Number of Periods [LO4]
At 7 percent interest, how long does it take to double your
money? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
At 7 percent interest, how long does it take to quadruple it?
(Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)

6. How long does it take to double your money at 10 percent
interest? How long does it take to quadruple your money?
Input area:
Output area:
Present value
Years
Interest rate
Future value
$
1.00
***?
10%
$
2.00
1.00
***?
10%
4.00

How long will it take to double your money at 6% interest
compounded annually?

24
At a growth (interest) rate of 9 percent annually, how long will
it take for a sum to double? To triple? Use Appendix A for an
approximate answer, but calculate your final answer using the
formula and financial calculator methods. (Do not round
intermediate calculations. Round your final answers to 2 decimal
places.)

How long will it take a sum of money to double if interest is at
11% compounded semiannually?

How long will it take for $470 to grow to $1,700 at the
following interest rates? (Do not round intermediate calculations.
Round your answers to 2 decimal places.)
4.7%
8.7%
16.7%

If you deposit money today in an account that pays 3.5% annual
interest, how long will it take to double your money? Round your
answer to two decimal places.
__years

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