Podcast
Questions and Answers
Approximately how many years will it take for money to triple at a 6.4% interest rate compounded monthly?
Approximately how many years will it take for money to triple at a 6.4% interest rate compounded monthly?
At what interest rate will money triple in 17.21 years when compounded monthly?
At what interest rate will money triple in 17.21 years when compounded monthly?
If money triples in 17.21 years, what is the compound interest rate per year?
If money triples in 17.21 years, what is the compound interest rate per year?
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?
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?
Signup and view all the answers
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?
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?
Signup and view all the answers
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?
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?
Signup and view all the answers