If you deposit money today in an account that pays 15.0% annual interest, how long will...

If you deposit money today in an account that pays 15.0% annual interest, how long will it take to double your money?

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jeff jeffy answered 2 years ago

If you deposit money today in an account that pays 11% annual interest, how long will...

If you deposit money today in an account that pays 11% annual interest, how long will it take to double your money? Round your answer to two decimal places.

If you deposit money today in an account that pays 13.5% annual interest, how long will...

If you deposit money today in an account that pays 13.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.

If you deposit money today in an account that pays 13% annual interest, how long will...

If you deposit money today in an account that pays 13% annual interest, how long will it take to double your money? Round your answer to two decimal places. 3 and a half years would be entered as 3.50 years If you made yearly payments of $5344 at the end of each year into an investment, how long would it take you to save up $1,000,000 if you earned a rate of 8%. Enter your answer in whole years. (ex....

1. You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily....

1. You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily. How much MORE will you have in 40 years, than if the compounding was only computed annually (as opposed to daily)? a. $340,363.55 b. $1,356,895.45 c. $1,456,975.20 d. $1,116,611.65 e. $3,403,635.50 2. You want to set up an endowment fund at pwc that will provide $1M in scholarships to students annually, forever. Given an expected return of 6.5%, how much do you need in...

you deposit $500 today in a savings account that pays 6% interest, compounded annually. How much...

you deposit $500 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 40 years?

Suppose you deposit $12,000 in an account that offers 1.7% annual interest, as long as you...

Suppose you deposit $12,000 in an account that offers 1.7% annual interest, as long as you leave the principal untouched for 5 years. (a) If interest is compounded quarterly, what would the account be worth after 5 years? FORMULA: SOLUTION: (b) If interest is compounded continuously, what would the account be worth after 5 years? FORMULA: SOLUTION: (c) Is the effective interest rate for either scenario greater or less than 1.7%? Explain your answer. 5. (a) (4 points) Nick has...

You deposit $15,700 into an account this morning. The account pays interest at a rate of...

You deposit $15,700 into an account this morning. The account pays interest at a rate of 7.1 percent per year. How much will be in your account 16 years from today? Group of answer choices $54,911.19 $33,535.20 $61,603.83 $51,818.31 $47,046.92 Sixty years ago, your mother invested $7,200. Today, that investment is worth $379,250.53. What is the average annual rate of return she earned on this investment? Group of answer choices 6.83 percent 7.90 percent 5.92 percent 4.77 percent

Please use excel If you deposit $5,000 in a savings account that pays 8% annual interest...

Please use excel If you deposit $5,000 in a savings account that pays 8% annual interest compounded monthly, and make no other deposits to the account, how much will you have after 5 years? $7,449.23 In addition to the $5,000 as specified in the above problem, how much will you have at the end of 5 years if you also deposit an additional $200 at the end of each month for the entire 5 year period? In addition to the...

ou have an account that pays 3% annual interest compounded monthly. You make an initial deposit,...

ou have an account that pays 3% annual interest compounded monthly. You make an initial deposit, and then withdraw $170 at the end of each month for 6 years. At that time you make a second deposit of $9000, and then withdraw $250 at the end of each month for the following 8 years, ending with a zero balance. What is your initial deposit?

1. If you deposit $12,000 in a bank account that pays 9% of interest annually, how...

1. If you deposit $12,000 in a bank account that pays 9% of interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent. 2. What is the present value of a security that will pay $13,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent. 3. Your parents will retire in 27 years. They currently have $400,000 saved, and they think they...

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