(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 14 percent compounded monthly? Assume that you invest $1 today. If you invest $1 at 14 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.)

You have $76,000 in your account that you want to grow to triple that amount in 25 years. What annual rate of return is necessary to reach your goal? (Note: Enter your answer is a decimal, not a percentage. For example, enter .0452 instead of 4.52%) Your Answer: Answer

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.)

The interest rate required for a $2,050 investment to double in 5 years can be found from this equation:   4,100=2,050(1+r2)104,100=2,0501+r210 . Find the necessary rate. Your answer should be a decimal, but express it as a percentage to 2 decimal places:   The rate is   %

Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 5.25 percent per year? (Round your answer to 2 decimal places.)

You put $53,330 into an investment account that earns 10.6% compounded semi- annually for the first 8 years; and 7.3% compounded monthly for the next 2 years. In your rough work, it may be helpful to draw a timeline. Input all calculator values, show dollar amounts with 2 decimals, ex.: 1234.56 Part 1: How much will be in the investment account after the first 8 years? N= 1/Y = P/Y = PV = FV = 1.325 53330 I A A A A

Assume today is January 1 and you plan to invest $4,000 today in an account earning interest of 6% compounded semi-annually. You would like to calculate the amount your investment will grow to three years from now.Question: What should be the correct "n" and "i" to use for factor table purposes in order to answer your question?

Suppose that $30,000 is invested at 9% interest. Find the amount of money in the account after 7 years if the interest is compounded annually. If interest is compounded annually, what is the amount of money after t = 7 years? $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Suppose that you make 35 annual deposits of $2,869 in an account paying 10% APR with daily compounding. Assuming that the first deposit will occur six years from now and that each of the remaining deposit will occur exactly one year apart, how much money will be in the account 40 years from now? Round your final answer to two decimals.

Find the time it takes for $5,100 to double when invested at an annual interest rate of 9.9 %, compounded continuously. Give your answer to 2 decimal places. years Find the time it takes for $163,200 to double when invested at an annual interest rate of 9.9 %, compounded continuously. Give your answer to 2 decimal places. years