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?

Expert Solution

jeff jeffy answered 2 years ago

How long will it take $100 to grow to at least $150 at an interest rate of 9% compounded monthly?

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.

How long does it take to double your money if you can earn 16%per year...

How long does it take to double your money if you can earn 16% per year if the interest rate is compounded quarterly?

How long does it take for an investment of P800,000 for a new product to earn...

How long does it take for an investment of P800,000 for a new product to earn P600,000 if it is expected to yield a 15% per year compounded annually? If the manager requested simple interest instead, would there be a difference?

(A) Use logarithms to solve the problems. How long will it take $15,000 to grow to...

(A) Use logarithms to solve the problems. How long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of 5%/year compounded monthly? (Round your answer to two decimal places.) yr How long will it take an investment of $5000 to triple if the investment earns interest at the rate of 3%/year compounded daily? (Round your answer to two decimal places.) yr Find the interest rate needed for an investment of $3000 to double...

How many years would it take for a debt of $10,471 to grow into $34,171 if...

How many years would it take for a debt of $10,471 to grow into $34,171 if the annual compound interest rate is 6.3% with daily compounding?

If you earn 6% per year on your bank account, how long will it take an...

If you earn 6% per year on your bank account, how long will it take an account with $110 to double to $220? A famous quarterback just signed a contract for $19.5 million, providing $3.9 million a year for 5 years. A less famous receiver signed a contract for $18.5 million, providing $4 million now and $2.9 million a year for 5 years. The interest rate is 10%. a. What is the PV of the quarterback's contract? (Do not round...

Problem 4-32 Solving for Time (LG4-8) How long will it take $2,000 to reach $4,400 when...

Problem 4-32 Solving for Time (LG4-8) How long will it take $2,000 to reach $4,400 when it grows at 11 percent per year? (Do not round intermediate calculations. Round "months" to 1 decimal place.) Period "enter answer" years "enter answer" months

Starting with $12,000, how much will you have in 12 years if you can earn 12 percent on your money?

Starting with $12,000, how much will you have in 12 years if you can earn 12 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places.Calculate your answer based on the FV-factor.$ ______Calculate your answer based on the financial calculator.$ ______If you can earn only 8 percent? Round the answer to the nearest cent. Round FV-factor to three decimal places.Calculate your answer based on the FV-factor.$ _____Calculate your answer based on the financial...

At the speed of NASA’s fastest space probes, how long would it take to reach the...

At the speed of NASA’s fastest space probes, how long would it take to reach the nearest solar systems outside of our own?

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