Question
In: Finance
At a growth rate (annual interest rate) of 9%; how long (years) it would take a...
At a growth rate (annual interest rate) of 9%; how long
(years) it would take a sum to triple?
Select the period that is closest to the correct answer.
Solutions
jeff jeffy answered 2 years agoRelated Solutions
How long will it take $100 to grow to at least $150 at an interest rate of 9% compounded monthly?
How long will it take $100 to grow to at least $150 at an
interest rate of 9% compounded monthly?
At an annual interest rate of 7%, how many years does it take to quadruple your...
At an annual interest rate of 7%, how many years does it take to
quadruple your money?
How long will it take to pay off a loan of $54,000 at an annual rate...
How long will it take to pay off a loan of $54,000 at an annual
rate of 11 percent compounded monthly if you make monthly payments
of $750? Use five decimal places for the monthly percentage rate
in your calculations.
How long will it take to pay off a loan of $52,000 at an annual rate...
How long will it take to pay off a loan of $52,000 at an annual
rate of 12 percent compounded monthly if you make monthly payments
of $750? Use five decimal places for the monthly percentage rate
in your calculations.
The number of years it takes to pay off the loan is ____
years. (Round to one decimal place.)
How long will it take to pay off a loan of $45,000 at an annual rate...
How long will it take to pay off a loan of $45,000 at an annual
rate of 8 percent compounded monthly if you make monthly payments
of $600? Use five decimal places for the monthly percentage rate in
your calculations.
How long will it take to recover the investment presented at 10% interest rate under the...
How long will it take to recover the investment presented at 10%
interest rate under the independent scenarios mentioned below?
Investment
$10,595
Scenario 1 - with a gradient of
$2,200
Scenario 2 - with an annuity of
$2,795
What is the time to recover the investment based on scenario
1 (gradient)?
What is the time to recover the investment based on scenario
2 (annuity)?
How long will it take to recover the investment presented at 10% interest rate under the...
How long will it take to recover the investment presented at 10%
interest rate under the independent scenarios mentioned below?
Investment
$10,595
Scenario 1 - with a gradient of
$2,200
Scenario 2 - with an annuity of
$2,795
What is the time to recover the investment based on scenario
1 (gradient)?
What is the time to recover the investment based on scenario
2 (annuity)?
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
At an interest rate of 9 percent, an investment of $1 would double in 8.04 years....
At an interest rate of 9 percent, an investment of $1 would
double in 8.04 years. How long to the nearest year would it take an
investment of $1 to grow four fold (4 times) if the interest rate
was only 4 percent?
a.
12 years
b.
24 years
c.
36 years
d.
48 years
e.
96 years
How Long Would it take for $2,000 to grow to $12,000, assumingyou can earn 9%...
How Long Would it take for $2,000 to grow to $12,000, assuming
you can earn 9% return per year?
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