Question

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.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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 a principal investment of $6000 to grow to $12,000 if the...
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?
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 will it take to double your money at 6% interest compounded annually?
How long will it take to double your money at 6% interest compounded annually?
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?
How long will it take (in years and months), for $400 to double in value, if...
How long will it take (in years and months), for $400 to double in value, if it earns interest at 3.13% compounded semi-annually. Round N to the next higher value (e.g. N = 123.2 becomes N = 124), and round the month to the next higher month (e.g. 7.1 becomes 8). Years must be an integer. If years is an exact integer such as 17 years 0 months, a zero must be entered for months. I/Y = % P/Y =...
How long will it take to double your savings at 10 percent annual rate, compounded semi-annually?...
How long will it take to double your savings at 10 percent annual rate, compounded semi-annually? 14.21 years 9.01 years 7.10 years 12.90 years
How long will it take for $26,000 to double if the interest rate is 6% per...
How long will it take for $26,000 to double if the interest rate is 6% per year to the nearest 1/100th of a year?
How long will it take a sum of money to double if interest is at 11%...
How long will it take a sum of money to double if interest is at 11% compounded semiannually?
How long will it take $500 to double if it earns the following rates? Compounding occurs...
How long will it take $500 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. 8%. 9%. 20%. 100%.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT