How long does it take $1 to double given 6% annual interest, compounded annually? (Hint: make...

How long does it take $1 to double given 6% annual interest, compounded annually? (Hint: make sure your answer is in years, do not round).

Expert Solution

jeff jeffy answered 2 years ago

how long will it take money to double itself if invested at 5% compounded annually?

How long will it take money to double if it is invested at 6% compounded monthly?...

How long will it take money to double if it is invested at 6% compounded monthly? 5.3% compounded continuously?

Tom invested $10,000 at a rate of 6% compounded annually. How long will it take for...

Tom invested $10,000 at a rate of 6% compounded annually. How long will it take for the investment to grow to $40,000? 1.33 years 4.00 years 23.79 years 50.00 years

At 8% compounded annually, how long will it take $750 to double?1PT At what rate must...

At 8% compounded annually, how long will it take $750 to double?1PT At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? 1PT A friend plans to buy a big-screen TV/entertainment system and can afford to set aside $1,320 toward the purchase today. If your friend can earn 5.0%, compounded yearly, how much can your friend spend in four years on the purchase?1PT You just purchased a parcel of land for $10,000. If...

How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded...

How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually? 17 years 33 years 16.5 years (correct) 8.5 years You get a twenty-year amortized loan of $100,000 with a 5% annual interest rate. What are the annual payments? $ 8,718 $37,689 $ 4,762 $ 8,024 (correct) You get a 25-year loan of $150,000 with an 8% annual interest rate. What are the annual payments? $14,052 (correct) $ 2,052 $13,965 $13,427

Given an interest rate of 6% per year compounded annually, what is the value at the...

Given an interest rate of 6% per year compounded annually, what is the value at the date t = 0 of a perpetual stream of $2,000 annual payments that begin at date t = 10? (approx. to nearest integer value) Select one: a. $19730 b. $20914 c. $18613 d. $18000

6. How long will it take for $1 to double in value (disregarding any change in...

6. How long will it take for $1 to double in value (disregarding any change in the buying power of the dollar) if: a) The interest rate is 10% compounded annually? b) The interest rate is 10% compounded semiannually? c) The interest rate is 10% ordinary simple interest?

Question

How long does it take $1 to double given 6% annual interest, compounded annually? (Hint: make...

Solutions

Expert Solution

Related Solutions