How long will it take for your investment to grow 25% if the annual percentage rate is 3.5% compounded monthly

Q: Suppose you deposit money in an investment account that pays 5% annual interest compounded…

A: r=5%=0.05 Let P be the invested money and let it be doubled in t years.

Q: The APY of 1,000 invested at 6% with semiannual compounding is ?

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Q: If the bank advertises it's rate as 6.2% compounded monthly and another bank advertises it's rate as…

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Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: If the bank advertises its rate as 6.2% compounded monthly, and another bank advertises its rate as…

A: Given:  Bank A gives the rate of interest at 6.2% compounded monthly. Bank B gives the rate of…

Q: How long will it take the money to triple itself if invested at 10% compounded semi-annually

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Q: If Tyler needs to have $1 7000 to buy a car in 4 years, how much money would he have to place into…

A: tyler needs=$17000 t=4year r=5% principle  amount ?

Q: How long will it take $1705.00 to accumulate to $1909.00 at 9% p.a. compounded semi-annually? State…

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Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: Suppose that you have $10,000 to invest. Which investment yields the greatest return over 5 years 5%…

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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: How many years are required for P5,000 to increase to P8,000 if invested at 12% per year compounded…

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Q: If 25000 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: Solved below...

Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

Q: What is the initial value of an investment that has a value of $13,513.15 after 12 years at a 7%…

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Q: invested at a bond growing at an average rate of 8.25% compounded monthly if its value at maturity…

A: Maturity value: The amount due and payable to the holder of a financial obligation as of the…

Q: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

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Q: How much will you get out from 1000 that grows at 9% compounded monthly at the end of 17 years?

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