answersLogoWhite

0


Best Answer

if there are two payments a year, at the beginning of the year and at 6 months, plus one payment at the end of 21 months then at an annualised compound rate of 21.9% your money will double in 21 months.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: At what nominal compound interest rate compounded semi-annually will a sum of money be doubled in 21 months?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What consonants can be doubled?

Most consonants can be doubled, as when forming past tenses (revved, occurred).However, except for compound words, the consonants H, J, Q, W, and Y. are not doubled.(withhold is an example of a compound double H)


If you invested 1000 dollars in 1975 what is value today?

If you would have gotten 10% interest, your money would have doubled every 7 years.


Jon deposits 1000 in an account that pays 8 percent interest compounded annually How long will it take to double your money?

1). My money will never double. Let's talk about Jon's money instead. 2). It doesn't matter how much he deposits into the account. The time required for it to double is the same in any case. 3). At 8% interest compounded annually, the money is very very very nearly ... but not quite ... doubled at the end of 9 years. At the end of the 9th year, the original 1,000 has grown to 1,999.0046. If the same rate of growth were operating continuously, then technically, it would take another 2days 8hours 38minutes to hit 2,000. But it's not growing continuously; interest is only being paid once a year. So if Jon insists on waiting for literally double or better, then he has to wait until the end of the 10th year, and he'll collect 2,158.92 .


What happens to the diameter if the circumference is doubled?

The diameter of a circle is doubled if the circumference is doubled.


In a direct variation if the x value is doubled is the y value doubled?

it is doubled


What happens to the volume of a Prism if the length is doubled?

If only the length is doubled, the volume is also doubled.If only the length is doubled, the volume is also doubled.If only the length is doubled, the volume is also doubled.If only the length is doubled, the volume is also doubled.


What doubled is 900?

450 doubled is 900.


What is 4 when its doubled?

4 doubled is 8.


How does the volume of a cylinder change if the height is doubled?

The volume will be doubled.


What doubled equals 215?

107.5 doubled equals 215.


What is 17 doubled twice?

17 doubled once is 34doubled again is 68.so 17 doubled twice is 68.


Is it doubled or deviled eggs?

I seriously think it's doubled and so does my friend Serenity so yeah I say doubled