Question

Find the time required for an investment of $ 5000 to grow to $ 6000 at an interest rate of 7.5 percent per year, compounded quarterly. Round to 2 decimal places.

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Answer #1

3. You can afford a $1400 per month mortgage payment. You've
found a 30 year loan at 8% interest.
a) How big of a loan can you afford?
b) How much total money will you pay the loan company?
c) How much of that money is interest?
4. ind the time required for an investment of 5000 dollars to
grow to 6200 dollars at an interest rate of 7.5 percent per year,
compounded quarterly.
Round your answer to two decimal...

How long will it take a principal investment of $6000 to grow to
$12,000 if the investment earns interest at the rate of 8%/year
compounded continuously?

How long will it take for a $4000 investment to grow to $5000 at
an annual rate of 12%, compounded semiannually? Assume that no
withdrawals are made. Do not round any intermediate computations,
and round your answer to the nearest hundredth.

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 much will $100 grow to if invested at a continuously
compounded interest rate of 7.5% for 7 years? (Do not round
intermediate calculations. Round your answer to 2 decimal
places.)
How much will $100 grow to if invested at a continuously
compounded interest rate of 7% for 7.5 years? (Do
not round intermediate calculation

a) Find the time it will take for an investment of $ 17,000 to
accumulate to $42,500, if the interest is being compounded
quarterly, at an annual interest rate of 5.50% .
b) If $23,000 is invested at an annual interest rate of 3.55%
compounded continuously, what is its accumulated amount in 9
years?

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 you need to deposit today at 23.00%
annual interest compounded monthly to have $26,802 in the account
after 13 years?
Q5) If you deposit $729 into an account paying 15.00% annual
interest compounded quarterly, how many years until there is
$37,847 in the account?
Q6) If you deposit $21,114 at 06.00% annual...

What is the 7 year maturity value of a $5000 investment that
earned 4.35% interest compounded quarterly for 3 years, and 6.0%
interest compounded semi-annually for the final 4 years? (Be sure
to include a “timeline” display).

Determine the present value of $5000 to be paid in 8 years time
if current interest of 10 percent is compounded (a) annually, (b)
semiannually, (c) quarterly, and (d) continuously.”

You invest $3500 in an account at interest rate r,
compounded continuously. Find the time required for the amount to
double and triple. (Round your answers to two decimal places.)

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