How long does it take for an investment to double in value if it is invested at 10% compounded quarterly?
waigaK 2021-09-11 Answered Show
How long does it take for an investment to double in value if it is invested at 14
% compounded quarterly and compounded continuously? You can still ask an expert for help Expert AnswerStep 1 You might be interested inNew questionsNội dung chính
How long will it take money to double if it is invested at 10% compounded continuously?A 10% interest rate will double your investment in about 7 years (72 ∕ 10 = 7.2); an amount invested at a 12% interest rate will double in about 6 years (72 ∕ 12 = 6). Using the Rule of 72, you can easily determine how long it will take to double your money. How long will it take for an investment to double if it is invested at 10% simple interest?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). How long would it take for an investor to double his money at 10% interest per year compounded annually?Given a 10% annual rate of return, how long will it take for your money to double? Take 72 and divide it by 10 and you get 7.2. This means, at a 10% fixed annual rate of return, your money doubles every 7 years. How long does it take for an investment to double in value if it is invested at 4 compounded quarterly?If the interest per quarter is 4% (but interest is only compounded annually), then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal. If the population of a nation increases at the rate of 1% per month, it will double in 72 months, or six years. How long will it take for an investment to double if it is invested at 10% simple interest?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).
How many years would it take your money to double A at 10% 10 interest compounded yearly?The calculated value of the number of years required for invested amount to become double in amount is 7.27 years.
How long does it take for an investment to double in value if it is invested at 10% compounded monthly compounded continuously?6 years and 11 1/2 months (rounding), which is close to the 7 year estimate.
How long will it take to double your money at 10% per year?Given a 10% annual rate of return, how long will it take for your money to double? Take 72 and divide it by 10 and you get 7.2. This means, at a 10% fixed annual rate of return, your money doubles every 7 years.
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