approximately how many years would it take for an investment to grow fourfold if it were invested at 11 percent compounded quarterly? Assume that you invest a $1 today. If you invest $1 at 11 percent compounded quarterly, about how many years would it take for your investment to grow fourfold to 4$?

approximately how many years would it take for an investment to grow fourfold if it were invested at 11 percent compounded quarterly? Assume that you invest a $1 today. If you invest $1 at 11 percent compounded quarterly, about how many years would it take for your investment to grow fourfold to 4$?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

(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.)
Suppose an income stream will produce income at a rate of 4000 + 1000t dollars per year for 5 years, and is invested into an account that earns interest at an annual rate of 6% compounded continuously. (a) How much total income does the income stream produce? (b) How much money will be in the account after 5 years? (c) What is the present value of the income stream?
What would you pay for an investment that pays you $34000 at the beginning of each year for the next ten years? Assume that the relevant interest rate for this type of investment is 11%. $211024. $222260. $200231. $234235.
About how many years would it take for your investment to grow sixfold if it were invested at an APR of 8 percent compounded weekly? If you invest $1 at an APR of 8 percent compounded weekly, about how many years would it take for your investment to grow sixfold to $6?
(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.)
(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.)
(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 ū
How 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.)
(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.)
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?
If 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.
You 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?

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