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How long does an investment earning 9 percent take to double in value?

8.0432 years (rounded) if compounded annually.


How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?

Interest = 2472


How many years will it take for an investment to double if the interest rate is 8 percent per year compounded annually?

11 years


Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?

Only if the 1% per month is compounded annually and not monthly.


Which is the better investment 8.5 percent compounded monthly or 9.1 percent compounded annually?

Answer: 9.1% At 8.5% principal grows by (1+(.085/12))^12 = 1.0884 times in one year which is less than investing at 9.1%.


How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?

If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .


What is the nominal rate of interest per annum compounded monthly equvalent to effective interest rate of 12.60 percent per annum?

0.9938% per month, when compounded is equivalent to 12.6% annually.


5 percent interest compounded annually means percent paid every?

year


What will 10000 be worth in 30 years at 5 percent?

compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812


What is 6000 compounded annually at 6 percent for 5 years?

8029.35


How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?

Total value = 20000*(1.06)2 = 22472 So interest = 2472


What is 1.00 compounded 3 percent annually for 100 years?

$19.22 (rounded)