Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is compounded monthly

Q: Please find the present value if the goal investment is $6,400 after 8 years at 8% compounded…

A: The investment goal is the future value (FV), which is $6,400. The formula to find the present…

Q: after 5 years, you have $14,472.74 in an account that was accumulating interest at 5.5% that was…

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Q: Gallant invests starting at age 25 until he retires at age 65. If he invests $2400 each yearat 9.6%…

A: J

Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

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Q: Find the interest rate needed for an investment of $3,000 to double in 6 years if interest is…

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Q: Calculate the time needed on an investment of $800,000 to gain an interest of $28,800 if the…

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Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

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Q: Find the Interest rate needed for an investment of $8,000 to grow to $11,000 in 10 yr if interest is…

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Q: student invests $2500 of their wages from their part-time job. They want it to grow to $6000 for a…

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Q: Suppose that you have $2500 to invest at 4% compounded continuously.  The accumulated amount after…

A: Given investment amount $2500 and rate of interest r=4%=4100=0.04. Compounded continuously. The main…

Q: find the compound interest of an investment of $7,500 at 12% compounded quarterly for 11 years

A: Please see the next step for the solution.

Q: An investment of $2000 earns interest at 6% p.a. Its compounded semiannually over 3 years. What is…

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Q: Find the interest rate needed for an investment of $5,000 to triple in 13 years if interest is…

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Q: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

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Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: An investment has grown from $50,000 to $100,000 (which means it doubles ) in 5 years compounding…

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Q: Find the time required for an investment of 7,000 dollars to grow to 9,000 dollars at an interest…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: Suppose $50,000 is invested at l2% interest compounded monthly. In how many years will it be worth…

A: Given p=$50000 r=12%=12/100=0.12 compoundrd monthly n=12 A=$1, 000,000 t=?

Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.