Question

In: Finance

How many years will it take $3,000 to grow to $5,700 if it is invested at...

How many years will it take

$3,000

to grow to

$5,700

if it is invested at

9%

​(A) compounded​ quarterly? ​(B) compounded​ continuously?

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE


Related Solutions

How many years will it take $7,000 to grow to $11,300 if it is invested at...
How many years will it take $7,000 to grow to $11,300 if it is invested at 3.25% compounded​ continuously?
- How many years will it take for $100,000 to grow to $500,000 if it is...
- How many years will it take for $100,000 to grow to $500,000 if it is invested at an annual interest rate of 9.15%? Round to the nearest 0.01. - You are offered a line of credit with a quoted interest rate of 20% with daily compounding. What is your effective annual interest rate? Round to the nearest 0.01%.
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?
8. a) (Solving for n?) How many years will it take for $520 to grow to...
8. a) (Solving for n?) How many years will it take for $520 to grow to ?$1058.91 if? it's invested at 8 percent compounded? annually? (Round to one decimal? place.) b) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of ?$395,000 due in 26 years. In other? words, they will need ?$395,000 in 26 years. Toni? Flanders, the? company's CEO, is scrambling to discount the liability to the present to assist...
If Tyler Corporation invested $10,000 today, how many years will it take for it to double...
If Tyler Corporation invested $10,000 today, how many years will it take for it to double its investment if the annual interest rate is 6%? Round to nearest whole number. N= I =                                           PV = PMT = FV = P/Y=
How many years would it take for an investment to double in dollar terms if invested...
How many years would it take for an investment to double in dollar terms if invested at 4%p.a.? Please give your answer to the nearest whole number
2. How many months it will take to grow your money from $10,250 to $25,000 if...
2. How many months it will take to grow your money from $10,250 to $25,000 if you can earn an interest of 8% compounded monthly? How many years will it take? 3. How many years it will take to grow your money from $3308 to $9537 if you can earn an interest of 15% compounded quarterly?
What will 6000 USD invested for 10 years at 6 percent compounded annually grow to? How...
What will 6000 USD invested for 10 years at 6 percent compounded annually grow to? How many years will it take 400 USD to grow to 1 671 USD if it is invested at 10 percent compounded annually? At what rate would 1000 USD have to be invested to grow to 4046 USD in 10 years? Calculate the future sum of 1000 USD, given that it will be held in the bank for 5 years and earn 10 percent compounded...
1. The number of years it will take for $490 to grow to $1,090.76 at 7...
1. The number of years it will take for $490 to grow to $1,090.76 at 7 percent compounded annually is how many years 2. The annual interest rate compounded annually at which 510 must be invested for it to grow to $1.993.67 in 15 years is what? 3. The present value of $900 to be received 14 years from now discounted back to the present at 9 percent is ? 4. Jack asked Jill to marry him, and she has...
How many years will it take for the balance left in a savings account to increase...
How many years will it take for the balance left in a savings account to increase from 2 of 2 $1,000 to $1,500 if interest is received at a nominal rate of 6% compounded semiannually throughout the period?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT