Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sixfold if it were invested at 9 percent compounded weekly? Assume that you invest $1 today. If you invest $1 at 9 percent compounded weekly, about how many years would it take for your investment to grow sixfold to $6? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)arrow_forward(Solving for n with nonannual periods) About how many years would it take for your investment to grow twofold if it were invested at an APR of 14 percent compounded weekly? If you invest $1 at an APR of 14 percent compounded weekly, about how many years would it take for your investment to grow twofold to $2? years (Round to the nearest whole number.)arrow_forward(Solving for n with nonannual periods) About how many years would it take for your investment to grow threefold if it were invested at an APR of 11 percent compounded annually? If you invest $1 at an APR of 11 percent compounded annually, about how many years would it take for your investment to grow threefold to S3? lyears (Round to the nearest whole number.)arrow_forward
- (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow twofold if it were invested at 15 percent compounded semiannually? Assume that you invest $1 today. If you invest $1 at 15 percent compounded semiannually, about how many years would it take for your investment to grow twofold to $2? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.) @ 2 W S and x # affer 3 E D 30 13 C $ 4 000 000 F4 R F % 5 V FS T G A 6 B MacBook Air *** F6 Y H & 7 N 44 F7 U ** 8 J DIL FA I M ( 9 K MOSISO DD F9 O V. < -0 F10 L P : I - : A. ; I FIT { [ command option + = ? "1 1 " 13) Nex Next F12 } 1 ◄ delete ūarrow_forwardHow long does it take for an investment to double in value if it is invested at 5% compounded continuously? ... At 5% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)arrow_forward(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sixfold if it were invested at 17 percent compounded monthly? Assume that you invest $1 today. C If you invest $1 at 17 percent compounded monthly, about how many years would it take for your investment to grow sixfold to $6? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)arrow_forward
- If you invest $10,000 at 8.125% interest compounded daily, how long will it take for you to accumulate $15,000? (Give the number of periods and the number of years, rounded to the nearest hundredth.) b) How long will it take for you to accumulate $100,000?arrow_forwardIf an investment of $2,000 grew to $2,520 in three periods, what is the interest rate at which the investment grew? Solve using both present and future value tables.arrow_forwardYou will have $100,000 exactly 7 years from now. You began with an investment of $50,000 at Time Zero. What rate of interest did you earn?arrow_forward
- You just deposited $6, 500 in an investment account and will deposit $ 5000 more four years from now. Use tabulated factor values to determine how much will be in the account 11 years from now if the rate of return is 10% per year? 11 years from now, the account will have $.arrow_forwardYou invest $4200 for a period of 7 years. At the end of 7 years your investment has grown to $7200. What is the annual rate of return on this investment? O a. 6.18% b. 10.20% O c. 8.00% O d. 71.43%arrow_forward
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