How long will it take to accumulate 3,200 to 4,800 if money is worth 6.5%?

Q: How long will it take for PhP 20,690 to accumulate to PhP 24,774 if money is worth 8% compounded…

A: Present value (PV) = Php 20,690 Accumulated amount (FV) = Php 24,774 Quarterly period = n Interest…

Q: Assume that the trip will cost $26,600. What interest rate, compounded annually, must be earned to…

A: FV = PV * (1+r)nwhereFV = future value of amountPV = Present value of amountr = interest raten =…

Q: if you can earn 2.5% per year  on your investment how  long  will it take to double your money

A: According to the given question, we are required to compute how long the time period will take to…

Q: If you have to invest $50,000 of 20% and want to make a 20% return on your money, how much will you…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: How long will it take money to double if it is invested at 5% compounded weekly?

A: Compound interest takes into account the interest accrued on a principal and thereby it is called as…

Q: How long will it take $250,000 placed in a savings account at 8.5% interest to grow into $500,000?

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: If money is worth  12% compounded  monthly, how much must an investor  save monthly to  accumulate…

A: The monthly amount required can be calculated with the help of future value of annuity function

Q: A person wants to have $3,000 available to spend for an overseas trip four years from now. If such…

A: Time value of money concept is one of the useful concept used in finance. It says that a dollar…

Q: Euros per dollar: 0.83   If you have 5 million euros, how many dollars do you have?

A: Given : Euros per dollar = 0.83 Then, Dollars per euro = (1/0.83) = 1.2048 Dollars equivalent to 5…

Q: Roughly how many years would urn $1,000 into $16,000 if you can invest the money at 9% per year,…

A: Time value of money:According to the "time value of money" hypothesis, a dollar received now is…

Q: How much would $50,000 due in 25 years be worth today if the expected rate were 5.5%?

A: Given details: P = $50,000 n = 25 years r = 5.5% or 0.055 Present value = P1+rn

Q: Suppose you want to have S0.5 million saved by the time you reach age 30, and suppose you are 20…

A: Future value of the investment (FV) = $500000 Number of years of investment (n) = 10 Rate of…

Q: If you invest $10,000 today at 4% how much money will you have in ten years?

A: We need to calculate the future value from the following details: Present value (invest today) =…

Q: How is the accumulated value 12,373.78 if yearly payments of 20,000 are made?

A: Solution:- When an equal amount of payment is made each period at the beginning of period, it is…

Q: How long will it take for $7500 to become $30000 at 5.5% compounded continuously?

A: Present Value = $7,500 Future Value = $30,000 Interest rate = 5.5%

Q: At 6.5 percent compound interest, how long does it take to triple your money?

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: How much do I need to save each year to have $5,000,000.00 @ 3.5% in 35 years?

A: Given: Future value = $5,000,000 Interest  =3.5% Time = 35 years So, amount needed to be saved each…

Q: How long will it take for an investment to increase by 139% its amount if money is worth 14% comp.…

A: Given, Amount will be 139% at the end of the period  So, Let's assume amount now is 100 amount at…

Q: What equal annual deposits must be made at t = 2, 3, 4, 5, and 6 in order to accumulate $25,000 at t…

A: Future value is the value of current cashflow compounded to the future date at specified rate.…

Q: If I invest $1000 at 3% interest, how long will take for my money to double?

A: The number of intervals is the sum of time between the present and the future.

Q: You have $12044 to invest and want to save up $26452.  You hope to earn a return of 9.5%.  How long…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: If you invest $10,000 today at 4% how much money will you have in five years?

A: Details given are : Present value (invest today) = $10000 Interest rate = 4% Time period = 5 years…

Q: How long will it take $2000 to grow to $3600 using 8% simple interest?

A: Given information: Future amount is $3,600 Present value is $2,000 Interest rate is 8%

Q: How long will it take for an investment to double in value if it earns 5% compounded continuously?

A: Continuously compounded interest rate is the interest which is calculated on the principal amount as…

Q: If you deposit BD1,500 now, BD3,600 three years, BD2000 seven years, and BD1,800 nine years from now…

A: Deposit now = 1500 Deposit in three years = 3600 Deposit in seven years = 2000 Deposit in nine years…

Q: How long will it take money to double if it is invested at 6.5% compounded daily?

A: To determine the time taken to double the investment at 6.5% compounded daily.

Q: How much time will it take you to accumulate $500,000, assuming you invest $15,000 today and $150 /…

A: The time value of money concept states that the value of a certain amount of money on the future…

Q: What long will it take a $100 investment to double to $200 if the interest rate is 6%?

A: As per the concept of time value of money the worth of money changes with passage of time as money…

Q: How long will it take $50,000 placed in a savings account at 17% interest to grow into $76,316.53?

A: Present Value, pv = $50,000Interest Rate, rate = 17%Future Value, fv = $76,316.53To compute the…

Q: Solve the following problem. If P100,000.00 is invested in a bank at 4.5% simple interest annually,…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: At 7.5 percent interest, how long does it take to double your money?

A: Interest Rate = r = 7.5%Assuming,Present Value = pv = $1000Future Value = fv = 1000 * 2 = $2000

Q: What amount of money would have to be invested at 4.25% to grow to $15000 after 150 days?

A: Future value (FV) = $15000 Interest rate (r) = 0.0425 or 4.25% Number of days (n) = 150 days Lets…

Q: Where does the $850 go?

A: Coupon Rate =

Q: What is the present value if the money become Php158, 900 after 5 years of investment using 11.2%…

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: How long will it take $2400 to grow into $5760 if it's insested at 6% interest compounded…

A: Present Value = pv = $2400 Future Value = fv = $5760 Interest Rate = r = 6%   Time = t = ?

Q: How long you need to wait to make $3000 grow to $6000 if you can earn 10% on your money?

A: Formula: Future value = Present value *(1+ Interest rate)^ years

Q: How long will it take a sum of money to triple its value when invested at 10% compounded…

A: Answer: Calculation of the time it will take a sum of money to triple: Formula,  Future value =…