Question
In: Finance
How long will it take to double $1,000 if invested at 11% using annual compounding? [Approximately]...
How long will it take to double $1,000 if invested at 11% using annual compounding? [Approximately]
Question 5 options:
|
6.65 years |
|
|
5 years |
|
|
7.27 years |
|
|
8 years |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
How long does it take for an investment to double in value if it is invested...
How long does it take for an investment to double in value if it
is invested at 15?% compounded monthly??Compounded?
continuously?
How long will it take $400 to double if it earns the following rates? Compounding occurs...
How long will it take $400 to double if it earns the following
rates? Compounding occurs once a year. Round your answers to two
decimal places. 6%. year(s) 15%. year(s) 20%. year(s) 100%.
year(s)?
How long will it take $200 to double if it earns the following rates? Compounding occurs...
How long will it take $200 to double if it earns the following
rates? Compounding occurs once a year. Round each answer to two
decimal places. 6%, 13%, 19%, 100%
How long will it take $100 to double if it earns the following rates? Compounding occurs...
How long will it take $100 to double if it earns the following
rates? Compounding occurs once a year. Round each answer to two
decimal places. A. 5% b. 14% c. 20% d. 100%
13. How long will it take $800 to double if it earns the following rates? Compounding...
13. How long will it take $800 to double if it earns the
following rates? Compounding occurs once a year. Round your answers
to two decimal places.
6%.
year(s)
9%.
year(s)
19%.
year(s)
100%.
year(s)
14. Find the future values of these ordinary
annuities. Compounding occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest
cent.
$600 per year for 10 years at 14%.
$
$300 per year for 5 years at 7%.
$
$800...
How long will it take $700 to double if it earns the following rates? Compounding occurs...
How long will it take $700 to double if it earns the following
rates? Compounding occurs once a year. Round your answers to two
decimal places.
7%.
year(s)
11%.
year(s)
18%.
year(s)
100%.
year(s)
How long will it take $100 to double if it earns the following rates? Compounding occurs...
How long will it take $100 to double if it earns the following
rates? Compounding occurs once a year. Round each answer to two
decimal places.
6%.= year(s)
9%.= year(s)
21%. = year(s)
100%= . year(s)
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?
Double your money—Rule of 72. Approximately how long will it take to double your money if...
Double your money—Rule of 72. Approximately how long will it
take to double your money if you get an annual return of 3.6%,
7.1%, or 9.8% on your investment?
Approximately how long will it take to double your money if you
get a 3.6% annual return on your investment?
How long will it take for $1,000 to amount to $10,000 if invested at 6% compounded...
How long will it take for $1,000 to amount to $10,000 if
invested at 6% compounded monthly? Express the answer in years,
rounded to two decimal places
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