(Solution) If You Can Triple Your Money In 23 Years, What Is The Implied Rate Of Interest? | Snapessays.com


(Solution) If you can triple your money in 23 years, what is the implied rate of interest?


If you can triple your money in 23 years, what is the implied rate of interest?

 

If you receive $329 at the end of each year for the first three years and $803 at the end of each year for the next three years. What is the present value? Assume interest rate is 10%.

 

Say, you deposit $2,808 in a bank for 16 years. What is the amount you will have in the bank at the end of 16 years if interest of 6 % for first 7 years and interest of 9 % for the remaining years?

 

If the effective rate is 15%. What is the nominal rate if compounding is daily

 

How many months it will take to grow your money from $4,736 to $6,924 if you can earn an interest of 11% compounded monthly?

 

If you can double your money in 9 years, what is the implied annual rate of interest, given that compounded in quarterly?

 

If you can double your money in 9 years, what is the implied annual rate of interest, given that compounded semi-annually?

 

How many years it will take you to quadruple (means 4 times) your money if you can earn 4.14% each year?

 

How many years it will take you to double your money if you can earn 11% each year, given that compounding is quarterly?

 

How many years it will take to grow your money from $3,613 to $7,162 if you can earn an interest of 12% compounded quarterly?

 


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This question was answered on: May 23, 2022

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