Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the investment earns interest at the rate of 4%/year compounded daily? (Round your answer to two decimal places.) yr

Q: An investment promises two payments of $610, on dates four and eight months from today. If the…

A: Lets understand the basics.Value of investment is calculated by discounting payments receivable at…

Q: How long will it take to increase your investment by 2.5 times if the interest rate is r=0.14…

A: Future worth of the investment is the value of present or current amount in future date after adding…

Q: 7. Suppose you find an investment account that you decide to contribute to every month over the…

A: Future value is calculated to determine the worth of an investment in the future date if a…

Q: Find the missing values assuming continuously compounded interest. (Round your answers to bwo…

A: The future value of continuous compounding is calculated using the following formula.   Future value…

Q: An initial investment amount P, an annual interest rate r, and a time t are given. Find the future…

A: Investment: Investments are assets bought or invested in to increase wealth and set aside funds from…

Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A:

Q: years from today, and 2,000 four years from today. What will the value of your account be 4 years…

A: The future value is the estimated value of an investment that accounts for compound interest or…

Q: Determine the principal that p at rate must be invested r = 3°, companded monthly, so that $500,000…

A: Principal = Future Value / (1 + r)^n

Q: How long will it take for a CD to double, if money earns a simple interest rate of 4.8%? Round up…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: If $35,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the…

A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: At 9% compounded continuously, the investment doubles in (Round to one decimal place as needed.)…

A: Given that,

Q: Consider an investment which pays 1.05 times your original payment (which is not returned) after two…

A: The return on any investment is given by  R = (F - P)/P  * 12/n Where P = value invested F = value…

Q: How much will investment accummalate to when you save 1500 every quarter for 5 years. The market…

A: A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

Q: Compute the simple interest INT for the specified length of time and the future value FV at the end…

A: Simple interest is the formula for determining interest with respect to the principal amount, time,…

Q: You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how…

A: The question gives the following information:

Q: Suppose a state lottery prize is to be paid in 25 payments of $240,000 each at the end of each of…

A: Given,  The payment is $240,000 Term of investment is 25 years

Q: long (in years) would $800 have to be invested at 11.6%, compounded continuously, to earn $300…

A: Interest is the return that is earned by an investor on investing a certain sum for a set duration…

Q: ow much must be invested now to receive $23,000 for 10 years if the first $23,000 is received one…

A: Present value of an annuity: It is the value of all future payments at the present date at some…

Q: Use the present value formula to determine the amount to be invested now, or the present value…

A: The amount needed now can be calculated with the help of present value function

Q: What is the future value of a $12,500 investment, earning eight-percent interest per period, after…

A: Given details are : Present value of investment = $12500 Interest rate = 8% Time period = 3 years…

Q: How long would it take to double your money in an account paying 5% compounded quarterly? Ignoring…

A: FV  = A * (1+r) n where , FV = future value A = Amount invested r = interest rate n =time period.

Q: Future Value. How much will you have in 24 months if you invest $71 a month at 6% annual interest?

A: This question require us to calculate the Future Value using financial calculator from the following…

Q: What is the future value of a 10-year investment ef $2000 at an APR of 5% compounded monthly? (Round…

A: The future value is the value of an asset on a future date on the basis of an assumed growth rate.…

Q: Calculating Rates of Return Suppose an investment offers to quadruple your money in 12 months (don’t…

A: The time value of money is a fundamental idea in finance that states that money received today is…

Q: Find how long it takes $800.00 to double if it is invested at 77% compounded annually. It will take…

A: Future value: The value of the asset at some future date which is based on the assumed growth rate…

Q: How long, To The nearest year. will it gek take an investment to double if it is continuously…

A: Continuously compounded interest rate refers to the interest rate that is calculated on the…

Q: Suppose you have $30000 to invest. The interest rate is 8% compounded continuously. How much can you…

A: The amount that can be withdrawn after 20 years is calculated using following equation Value at 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…