Question

What annual rate is earned on a $3,100 investment when it grows to $6,700 in ten...

What annual rate is earned on a $3,100 investment when it grows to $6,700 in ten years?
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
What annual rate of return is earned on a $5,000 investment when it grows to $9,500...
What annual rate of return is earned on a $5,000 investment when it grows to $9,500 in four and in six years? How do you solve this by selecting the insert financial formula option in excel?
Solving for Rates What annual rate of return is earned on a $5,700 investment made in...
Solving for Rates What annual rate of return is earned on a $5,700 investment made in year 3 when it grows to $13,100 by the end of year 12?
Solving for Rates What annual rate of return is earned on a $5,200 investment made in...
Solving for Rates What annual rate of return is earned on a $5,200 investment made in year 2 when it grows to $11,600 by the end of year 11? 49.36% 7.57% 9.32% 44.83%
An investment of $9000 grows to $10,299.02 in 4 years. Find the annual rate of return...
An investment of $9000 grows to $10,299.02 in 4 years. Find the annual rate of return for annual compounding. [Hint: Use P(1 + r/m)mt with m = 1 and solve for r (rounded to one decimal place).] R=??? %
If you deposit $3,100 today into an account earning an annual rate of return of 7...
If you deposit $3,100 today into an account earning an annual rate of return of 7 percent, what would your account be worth in 30 years? If you deposit $5,000 today into an account earning an annual rate of return of 9%, in the thrid year how much interest would be earned?
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?
A $1000 investment grows according to the function ?(?) = 1000(1.035)2t , where ? is the...
A $1000 investment grows according to the function ?(?) = 1000(1.035)2t , where ? is the amount of the investment after t years. At what rate is the investment growing after 5 years? *REQUIRES FINDING THE DERIVATIVE OF THE FUNCTION ABOVE*
What is the coupon rate for a par value bond with ten years until maturity, annual...
What is the coupon rate for a par value bond with ten years until maturity, annual compounding, a current price of $1,280.95, and a yield to maturity of 7%?
Consider the following scenarios: i - an investor deposited $1,000 ten years ago in an investment...
Consider the following scenarios: i - an investor deposited $1,000 ten years ago in an investment account and earned a compound annual interest of 5% yielding a balance of $1,628.89 today. ii - an investor will deposit $1,000 five years from now in an investment account which is expected to earn a compound interest of 5% and yield a balance of $1,628.89 over a ten year period. The money will be used for a gift to the investor's child that...
is the average annual rate of return you earned on your investment? You just won first...
is the average annual rate of return you earned on your investment? You just won first place in a CUNY essay writing contest, and as your prize, you will receive $400 a month each month for the next 7 years (NOT $4,800 per year but $400 per month). If you can earn 8.25% per year on your money, what is the total prize worth to you today? 15. Your oldest child needs a car and you believe you can afford...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT