Frequent question: How long will it take for an investment to triple if interest is compounded continuously at 3 %?

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How long will it take for an investment to triple if interest is compounded continuously at 8 %?

How long will it take for an investment to triple, if interest is compounded continuously at 8%? It will take years before the investment triples.

How long will it take for an investment to triple if it is compounded continuously at 7 %?

It will take 15.7 years for the investment to triple.

FV=3PV, r=7% = 0.07, t=?

How long will it take for an investment to triple in value if it earns 10.5% compounded continuously?

How long will it take money to triple if it is invested at 10.5% compounded continuously? It will take approximately 10.46 years for the initial investment to triple.

How long will it take for an investment to triple if interest is paid at 10%?

Example: How long will it take $30,000 to accumulate to $110,000 in a trust that earns a 10% return compounded semiannually? Answer: Approximately 13.3 years. Example: How long will it take our money to triple in a bank account with an annual interest rate of 8.45% compounded annually?

How long does it take for an investment to triple in value if it is invested at 6% compounded monthly?

Joe D. It will approximately take 18 years 10 months.

How long will it take an investment to triple if it is continuously compounded at 15% per year?

A=3P according to your question since you are trying to triple the investment. r=15%(0.15) and t=? The exponential function in the initial formula means we would have to use natural logarithms to solve for the answer. t= 7.32 years (7 years 117 days).

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How long will it take for an investment to triple if it’s compounded continuously at 12%?

Question: How long will it take for an investment to triple if it is compounded continuously at 12%? It will take about years to triple the investment.

How long does it take for an investment to double in value if it is invested at compounded?

The result is the number of years, approximately, it’ll take for your money to double. 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.

At what annual interest rate compounded semi annually will a certain amount triple itself in 20 years?

Answer. Where the symbol ^ means to the power of. So the annual compounded interest rate to triple $1 today to $3 in 20 years is 5.65%.

At what nominal rate compounded continuously must money be invested to triple in 4 years?

Question: At what nominal rate compounded continuously must money be invested to triple in 4 years? A rate of % is required for money to triple in 4 years.

At what interest rate compounded continuously must money be invested to double?

A Rate Of 11% Is Required For Money To Double In 7 Years.

How long does it take for an investment to quadruple in value if the investment yields 6% per year compounded monthly )?

Thus, if an investement yields 6% per years, it takes 24 years the investment to quadruple in value.

How long does it take for $5000 to grow into $6724.44 at 10% compounded quarterly?

9. How long does it take for $5,000 to grow into $6,724.44 at 10% compounded quarterly? a. 2 years.

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How long will it take $10000 to reach $50000 if it earns 10% annual interest compounded semiannually?

Question: How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually? Answer: 16.5 years Please show steps to solving this, using the below Equation.

How long will it take an investment to double in value using the Rule of 72 if its earn 2% 5% 10%?

How the Rule of 72 Works. For example, the Rule of 72 states that $1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2. In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return.

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