Time Value of money Questions
Not what you're looking for?
How many years will the following take?
a. $500 to grow to $1,039.50 if invested at 5 percent compounded annually.
b. $35 to grow to $53.87 if invested at 9 percent compounded annually.
c. $100 to grow to $298.60 if invested at 20 percent compounded annually
d. $53 to grow to $78.76 if invested at 2 percent compounded annually.
Purchase this Solution
Solution Summary
The number of years for an amount invested to grow to a particular value is calculated.
Solution Preview
How many years will the following take?
a. $500 to grow to $1,039.50 if invested at 5 percent compounded annually.
b. $35 to grow to $53.87 if invested at 9 percent compounded annually.
c. $100 to grow to $298.60 if invested at 20 percent compounded annually
d. $53 to grow to $78.76 if invested at 2 percent compounded annually.
Amount = Principal x (1+ rate of interest)^time
where ^ means raised to the power ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.