8.0432 years (rounded) if compounded annually.
It is necessary to have a value for the time.
9.2 yrs
400 percent APR
Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02
After n years of 7 percent growth, the value is (1.07)n times the starting value. The answer to the question is the smallest value of n such that (1.07)n >=2 or nlog(1.07)>= log(2) or n >= log(2)/log(1.07) = 10.2 So the GDP will double during the 11th year.
No, the face value of an investment is not the same as its future value. The face value is the initial value of the investment, while the future value is the value it will have at a later date after earning interest or experiencing changes in market value.
To determine how long it will take for an investment to double in value at a compound interest rate of 10% per annum, you can use the Rule of 72. This rule states that you divide 72 by the annual interest rate (in percentage) to estimate the number of years needed to double your investment. In this case, 72 ÷ 10 = 7.2 years. Therefore, it will take approximately 7.2 years for the investment to double.
It is necessary to have a value for the time.
The rule of 72 is a simple formula used to estimate how long it will take for an investment to double in value. To use it, divide 72 by the annual rate of return on the investment. The result is the approximate number of years it will take for the investment to double.
9.2 yrs
The face value will be 1776.29The face value will be 1776.29The face value will be 1776.29The face value will be 1776.29
$1480.24
400 percent APR
basically it is the increase in the value of an investment.
Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02
The Theory of Investment Value was created in 1938.
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.