a. 6%. 11.90 year(s) b. 10%. c. 17%. year(s) 4.41 year(s) d. 100%. 1.00 year(s)
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- 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. a. 5%. b. 10%. C. 16%. d. 100%. year(s) year(s) year(s) year(s)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) 11%. year(s) 17%. year(s) 100%. year(s)How long will it take $400 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. A. 5% B. 11% C. 20% D. 100%
- How long will it take $100 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. a)3% b)14% c)17% d100%Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. USE ALL DECIMALS a) Write the formula for y = f(x) b) Then rewrite the formula as an annual compounding (APY) formula y = c) The APY (clear from part b) is:How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. A. 18% B. 100%
- At what monthly compound rate does money double in 23 years? State your answer as a nominal rate, rounded to 2 decimal places. 3.02Suppose that you deposited $5,999 at the end of each year in a Roth IRA account earning an annual rate of 5.01% for the next 15 years. How much would be on deposit at the end of the 15th year? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. PaymentCalculate the accumulated value of quarterly payments of $100.00 made at the end of each quarter for ten years just after the last payment has been made if interest is 8% p.a. compounded quarterly. Round to two decimal places. A. $4,003.91 B. $6,040.20 C. $2,040.00 D. $4,415.88 E. $2,015.88 .
- What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded annually)? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) AmountWhat is the future value of $100 invested in an account for eight years that earns 10% annual interest, compounded semiannually (rounded to the nearest whole dollar)? a. $214.b. $216.c. $218.d. $220.How long (in years) will it take to quadruple it earns 7% compounded semiannually A.33.15 B.26.30 C.20.15 D.40.30