6 Questions
Approximately how many years will it take for money to triple at a 6.4% interest rate compounded monthly?
17.21 years
At what interest rate will money triple in 17.21 years when compounded monthly?
6.4%
If money triples in 17.21 years, what is the compound interest rate per year?
6.4%
Which one of these is the monthly discount rate expressed as a nominal annual rate for a future value of $182,500 to be reduced to $178,663.58 over a period of 4.25 years?
8.04%
What is the future value of an investment if $10,000 is invested at an annual interest rate of 5% compounded quarterly for 3 years?
$11,576.25
What is the present value of an investment that will be worth $50,000 in 10 years, assuming an annual interest rate of 6% compounded annually?
$32,000.00
Calculate how long it takes for money to triple with a 6.4% monthly compounded interest rate. Choose the correct answer from a selection of options.
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