Question
To what amount will the following investments accumulate? a. $5,100 invested for 8 years at 9 percent compounded annually b. $8,000 invested for 6 years
To what amount will the following investments accumulate?
a. $5,100 invested for 8 years at 9 percent compounded annually
b. $8,000 invested for 6 years at 7 percent compounded annually
c. $750 invested for 11 years at 11 percent compounded annually
d. $23,000 invested for 5 years at 4 percent compounded annually
a. To what amount will $5,100 invested for 8 years at 9 percent compounded annually accumulate?
_____.
b. To what amount will $8,000 invested for 6 years at 7 percent compounded annually accumulate?
_____.
c. To what amount will $750 invested for 11 years at 11 percent compounded annually accumulate?
_____.
d. To what amount will $23,000 invested for 5 years at 4 percent compounded annually accumulate?
_____.
How many years will the following take?
a. $480 to grow to $1,227.86 if invested at 11 percent compounded annually
b. $44 to grow to $66.03 if invested at 7 percent compounded annually
c. $115 to grow to $402.32 if invested at 11 percent compounded annually
d. $57 to grow to $71.96 if invested at 6 percent compounded annually
a. many years will it take for $480 to grow to $1,227.86 if invested at 11 percent compounded annually?
_____.
b. How many years will it take for $44 to grow to $66.03 if invested at 7 percent compounded annually?
_____.
c. How many years will it take for $115 to grow to $402.32 if invested at 11 percent compounded annually?
_____.
d. How many years will it take for $57 to grow to $71.96 if invested at 6 percent compounded annually?
_____.
At what annual rate would the following have to be invested?
a. $500 to grow to $1,726.14 in 13 years
b. $300 to grow to $476.06 in 6 years
c. $52 to grow to $626.90 in 19 years
d. $204 to grow to $289.38 in 6 years
At what annual rate would $500 have to be invested to grow to $1,726.14 in 13 years?
_____.
At what annual rate would $300 have to be invested to grow to $476.06 in 6 years?
_____.
At what annual rate would $52 have to be invested to grow to $626.90 in 19 years?
_____.
At what annual rate would $204 have to be invested to grow to $289.38 in 6 years?
_____.
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