How long will it take for you to get $100000.00 if you invest $5000.00 in an account giving you 9.7% interest compounded continuously?
t = ln(100,000/5,000)/0.097 ≈ 12.35 years Using the formula for continuous compounding interest, it will take approximately 12.35 years for a $5,000 investment to grow to $100,000 at an interest rate of 9.7% compounded continuously.
How many years will 100000 earn a compounded interest of 50000 if interest is 9% compounded quarterly?
Answer and Explanation: The correct answer is C. 4.55 years.
How long will it take you to get $50000 if you invested $5000 in an account giving 8.7% interest compounded continuously?
It will take approximately 26.81 years or 26 years and 8 months to reach $50,000 if you invested $5,000 at an 8.7% continuous compounding interest rate.
How long will it take money to double if it is invested at 9% compounded continuously?
It will take approximately 7.70 years for the investment to double.
How long will it take money invested at 7% interest compounded continuously to double?
It takes 9.9 years for money to double if invested at 7% continuous interest.
How much is $100 at 8.5 interest compounded annually for 100 years?
When Andy tells the town council how much the town of Mayberry owes Frank Myers, he says the amount is $349,119.27. This is the exact amount, to the penny, that would be owed on a $100 bond accruing 8.5% interest compounded annually over 100 years.
What is 10000 for 2 years at 10% per annum compounded annually?
∴ Compound Interest =Rs12100−Rs10000=Rs2100.
How much money do I need to invest to make $4 000 a month?
Too many people are paid a lot of money to tell investors that yields like that are impossible. But the truth is you can get a 9.5% yield today--and even more. But even at 9.5%, we're talking about a middle-class income of $4,000 per month on an investment of just a touch over $500K.
How much money do I need to invest to make $1 000 a month?
To make $1,000 per month on T-bills, you would need to invest $240,000 at a 5% rate. This is a solid return — and probably one of the safest investments available today. But do you have $240,000 sitting around? That's the hard part.
What is the 8 4 3 rule of compounding?
What is the 8-4-3 rule of compounding? In the 8-4-3 strategy, the average return of a particular investment amount for 8 years is 12 per cent/annum, while after that time period, it will take only half of that horizon, i.e., 4 years (total 12 years), to get a return of 12 per cent.
What is the 7 year double rule?
All you do is divide 72 by the fixed rate of return to get the number of years it will take for your initial investment to double. You would need to earn 10% per year to double your money in a little over seven years.
What is the 7 year rule in investing?
1 At 10%, you could double your initial investment every seven years (72 divided by 10). In a less-risky investment such as bonds, which have averaged a return of about 5% to 6% over the same period, you could expect to double your money in about 12 years (72 divided by 6).
What is the rule of 70?
The rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the variable's growth rate. The rule of 70 is generally used to determine how long it would take for an investment to double given the annual rate of return.
What is the Rule of 72 in finance?
The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return. If, for example, your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.
How long will it take to increase a $2200 investment to $10000 if the interest rate is 6.5 percent?
Final answer:
It will take approximately 15.27 years to increase the $2,200 investment to $10,000 at an annual interest rate of 6.5%.
How much will $40,000 be worth in 20 years?
As you will see, the future value of $40,000 over 20 years can range from $59,437.90 to $7,601,985.51.
How long will it take for $10000 to double at 8 compound interest?
For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money. Note that a compound annual return of 8% is plugged into this equation as 8, and not 0.08, giving a result of nine years (and not 900).
How much will $100 K be worth in 20 years?
How much will $100k be worth in 20 years? If you invest $100,000 at an annual interest rate of 6%, at the end of 20 years, your initial investment will amount to a total of $320,714, putting your interest earned over the two decades at $220,714.
What is 5000 for 2 years at 10 per annum?
=> ₹6050 = ₹5000 + C.I. => ₹6050 - ₹5000 = C.I. => ₹1050 = C.I. So, the compound interest on ₹5000 for 2 years at the rate of 10% is ₹1050 .
What is 6000 for 2 years at 10 per annum compounded annually?
Hence, the compound interest is Rs 1260.
What is the compound interest on 20000 at 10 for 3 years?
So, C.I = 26,620 - 20,000 = ₹ 6,620.
How much money do I need to invest to make $500 a month?
Some experts recommend withdrawing 4% each year from your retirement accounts. To generate $500 a month, you might need to build your investments to $150,000. Taking out 4% each year would amount to $6,000, which comes to $500 a month.
How much money do I need to invest to make $3000 a month?
Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.
How much money do I need to invest to make $2 000 a month?
Earning $2,000 in monthly passive income sounds unbelievable but is achievable through dividend investing. However, the investment amount required to produce the desired income is considerable. To make $2,000 in dividend income, the investment amount and rate of return must be $400,000 and 6%, respectively.
What is the fastest investment to make money?
Day Trade. If you're a nimble and proficient trader, probably the “easiest” way to make fast money in the stock market is to become a day trader. A day trader moves in and out of a stock rapidly within a single day, sometimes making multiple transactions in the same security on the same day.
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