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How many years in investing would it take to double your principle?
FrankyLucero
If the interest rate was eight percent, it would take about 9 years to double your principle.
Wiki User
∙ 10y ago
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What is the compound amount of 8 percent for 23 years?
Interest alone would be 4.871463646 times the amount of the principle.
How does compound interest work?
AnswerCompound interest works like this.Take a principle (The amount of money you deposit) of $10,000.Lets say that the interest rate is 8% and that it compounds anually.At the end of one year you would have $10,800.With simple interest, at the end of two years, you would have $11,600 because you only earn interst on the principle.After three years you would have $12,400.However, with compound interest, you will earn interest on not just the principle, but the compounded interest as well.Therefore, with compound interest, at the end of two years, you would have 11,664.After three years it would be $12,597.12 and so on.
How many years would it take to double 100 if it earned 7.75 percent interest per year?
10 years
How long would it take for your annuity to double at a 6 percent investment gain?
12 years.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
How long did it take to have full return of investment?
It depends on what you are investing in. If you're not a professional investor it should take about 5 years to double your investment in stocks.
You got traumatised at school and the principle did not do anything when you told her you were bullied its been four years can you still sue the principle?
Probably not. If you were that hurt and traumatized, you would have sued her four years ago.
Would you suggest aggressive investing equities or more conservative investing combination of fixed assets and equities?
depends on your age and risk-tolerance. If you're not going to need the money for 10 years or more, all equities are fine.
What is the principle of uniformitarian?
The principle of uniformitarianism is the principle that the answers to the past can be found in the present, meaning that everything is uniform in how it works. Such as a volcano erupting today would be the same as it would have been a billion years ago. Or rain would fall the same was today as it would in the time of the dinosaurs. It can be summarized as,"the present is the key to the past".
How to cut down the years of 30-year mortgage?
You can refinance the mortgage. You can pay additional principle each month. This will reduce the overall cost of the mortgage. By paying double the principle amount each month, you eliminate a payment at the end of the mortgage time.
What is the value of 1969 10 new pence coin in 2050?
If anyone knew what the future would be in 42 years they'd be investing like crazy.
What is the compound amount of 8 percent for 23 years?
Interest alone would be 4.871463646 times the amount of the principle.
What interest rate would double your money in 5 years?
14.87% per annum, compounded for 5 years would give back very slightly more than double (2.000014).
What is the value of investing from an early age?
you get more years since your still young
How does compound interest work?
AnswerCompound interest works like this.Take a principle (The amount of money you deposit) of $10,000.Lets say that the interest rate is 8% and that it compounds anually.At the end of one year you would have $10,800.With simple interest, at the end of two years, you would have $11,600 because you only earn interst on the principle.After three years you would have $12,400.However, with compound interest, you will earn interest on not just the principle, but the compounded interest as well.Therefore, with compound interest, at the end of two years, you would have 11,664.After three years it would be $12,597.12 and so on.
How do you find principle in math?
I=prt Switch the principle with the interest. Then work the equation out.
How many years would it take to double 100 if it earned 7.75 percent interest per year?
10 years
