Question

How long would it take for $1000 to grow to in an account paying 3.6% interest compounded monthly?

Answer #1

In your given question your question is incomplete so I taken principal $1000 and amount $2000 and I solved according to this..

If you have any problem then change the quantity according to your requirement..and solve that..

If you have any query related to this answer please leave a comment in comment box....

Please give me up vote it is so important for me...

1. If you deposit $6,500 into an account paying 8% annual
interest compounded monthly, how much money will be in the account
after 7 years?
2. If you deposit $5,000 into an account paying 6% annual
interest compounded monthly, how long until there is $8,000 in the
account?
3. At 3% annual interest compounded monthly, how long will it
take to double your money?

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

1). If you had $1000 in a simple interest account paying an
interest rate of 5% per period, how many periods would it take for
the account balance to double?
2). Epsilon Enterprises has a total of $200,000 in long-term
notes payable on the books, accruing interest at a rate of 12%. If
the tax rate is 28%, how big of a tax shield does Epsilon
Enterprises have?

About how long will it take $1 to grow to $10 if the interest rate
is 6.3% CIM(monthly compounding)?

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...

How long would it take to triple your money if the interest rate
was:
5% compounded yearly
5% compounded monthly
5% compounded weekly
5% compounded continuously

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?

How long will it take an RRSP to grow to $730,000, if it takes
in month-end contribution of $1300 and earns: (Round up the
number of contributions to the next integer.)
a.
4.3% compounded monthly?
years, month(s)
b.
6.5% compounded monthly?
years, month(s)
c.
8.3% compounded monthly?
years, month(s)
d.
9.3% compounded monthly?
years, month(s)

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 would it take to double your money in an account paying 4%
compounded quarterly?
Ignoring leap uears, the investment will be doubled in _____
years and _____ days. (Round to the nearest whole number as
needed.)
I'm having a problem, all the explanations I've received give
me a response of 17.42 years; however, my book says 17 years and
151 days - how do I get the 151 days???? im so confused. can the
exact answer be obtained...

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