Question

If you deposit $1000 at a rate of 7.5% compounded quarterly, how long will it take for your money to double?

Answer #1

How long will it take for money to tripe at a rate of 4.5%
compounded quarterly?

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?

The local credit union offers an interest rate of 6%, compounded
quarterly. How long (number of quarters) will it take Lisa to earn
$200 worth of interest on her initial deposit of $500?

PART 2: FINANCE
a) If you deposit $23,596.00 at 13.23% annual interest
compounded quarterly, how much money will be in the account after 4
years?
b) If you deposit $1036.00 into an account paying 5.46% annual
interest compounded monthly, how many years until there is
$19,912.00 in the account?
c) What is the value today of receiving a single payment of
$55,961.00 13 years if your required rate of return on this
investment is 14.25% compounded semi-annually?
d) If you...

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

if
tania has $1000 to invest at 6% per annum compounded quarterly, how
long will it be before she has $1,600? if the compounding is
continious, how long will it be

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...

You have deposited $10,000 in a bank earning interest at 7% p.a.
compounded quarterly for four years and five months. At that time,
the interest rate changes to 6% p.a. compounded monthly. What is
the value of the deposit three years after the change in the rate
of interest?
What nominal annual rate compounded quarterly is equivalent to
7.5% p.a. compounded monthly?
You have decided to deposit $500 in the Montreal bank at the end
of each quarter for seven...

If you deposit money today in an account that pays 6 percent
annual interest, how long will it take to double your money?

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

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