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How many years will it take for 1000.00 to grow to 5000.00 if it is invested APR 6 percent compounded quarterly?
Wiki User
∙ 12y ago
5 = 1 x (1 + .06/4)4Y
5 = (1.015)4Y
log(5) = 4Y log(1.015)
4Y = log(5)/log(1.015)
Y = 0.25 log(5)/log(1.015) = 0.25 (0.69897) / (0.00646604) = 27.025 years
That means you won't quite be there at the end of the 27th year,
but the interest payment at the end of the first quarter of the 28th
year will put you over the top.
Wiki User
∙ 12y ago
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What is the future value of 100000 dollars with 5 percent compounded monthly in 12 years?
$100,000 x (1 + 5/1200)144 = $181,984.89 (rounded)
What is the future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
What is 100000 percent of 6?
6000 is 100000 percent of 6.
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100000 in % is 10000000%
What is 100000 x 93 percent percent equal?
93% of 100000 = 93000
How much an investor would collect after 25 years if 100000 is deposited and is compounded annually at 10 percent?
100000 x 1.125
What is the future value of 100000 dollars with 5 percent compounded monthly in 12 years?
$100,000 x (1 + 5/1200)144 = $181,984.89 (rounded)
What is the future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
What is 100000 percent of 6?
6000 is 100000 percent of 6.
What percent of 100000 is 100000?
It is: 100%
What is the percent of 100000?
100000 in % is 10000000%
How do you write 1000 as a percent?
1000 as a percent = 100000%= 1000 * 100%= 100000%
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93% of 100000 = 93000
What is 20 percent of 100000?
20% of 100000= 20% * 100000= 0.2 * 100000= 20,000
What is 100000 plus 20 percent?
100000 + 20% = 100000 + (20/100)(100000) = 100000 + (.2)(100000) = 100000 + 20000 = 120,000
What is 60 percent of 100000?
60% of 100000 = 60,000
What is 3.5 percent of 100000?
35% of 100,000= 35% * 100000= 0.35 * 100000= 35,000
