How long will it take for you to get $100000.00 if you invest $5000.00 in an account giving you 9.7% interest compounded continuously?
Expert-Verified Answer
How long will it take you to get $50000 if you invested $5000 in an account giving 8.7% interest compounded continuously?
It will take approximately 26.81 years or 26 years and 8 months to reach $50,000 if you invested $5,000 at an 8.7% continuous compounding interest rate.
How long will it take money to double if it is invested at 9% compounded continuously?
It will take approximately 7.70 years for the investment to double.
How long will it take for an investment to double in value if it earns 7% compounded continuously?
It takes 9.9 years for money to double if invested at 7% continuous interest. t=ln(2)/r where r was 0.07 in that solution.
How much would you have to invest today to receive $5000 each year for 10 years at 8 percent?
$5,000 each year for 10 years if the interest rate is 8% ( end of period payment). You need to invest $33,550.4070 today earning 8% to have $5,000 every year for 10 years (first payment at the end of the year).
What is 100 000 with 5 interest?
Annual compound interest earnings:
At 5.00%, your $100,000 would earn $5,000 per year.
What is $5000 invested for 10 years at 10 percent compounded annually?
Answer and Explanation:
The future value of the investment is $12,968.71. It is the accumulated value of investing $5,000 for 10 years at a rate of 10% compound interest.
What is the 7 year double rule?
All you do is divide 72 by the fixed rate of return to get the number of years it will take for your initial investment to double. You would need to earn 10% per year to double your money in a little over seven years.
How can I double $5000 dollars?
To turn $5,000 into more money, explore various investment avenues like the stock market, real estate or a high-yield savings account for lower-risk growth. Investing in a small business or startup could also provide significant returns if the business is successful.
What is the 8 4 3 rule of compounding?
What is the 8-4-3 rule of compounding? In the 8-4-3 strategy, the average return of a particular investment amount for 8 years is 12 per cent/annum, while after that time period, it will take only half of that horizon, i.e., 4 years (total 12 years), to get a return of 12 per cent.
Do investments really double every 7 years?
In reality, a 10% investment will take 7.3 years to double (1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return. The chart below compares the numbers given by the Rule of 72 and the actual number of years it takes an investment to double.
What is the rule of 70?
The rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the variable's growth rate. The rule of 70 is generally used to determine how long it would take for an investment to double given the annual rate of return.
How long will it take to increase a $2200 investment to $10000 if the interest rate is 6.5 percent?
Final answer:
It will take approximately 15.27 years to increase the $2,200 investment to $10,000 at an annual interest rate of 6.5%.
How much will $10,000 invested be worth in 10 years?
If you invest $10,000 today at 10% interest, how much will you have in 10 years? Summary: The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
How much would I have to invest to make $1,000 a month?
The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets.
At what rate will $5000 earn $1200 interest in 3 years?
So, the person will earn $1,200 in interest after 3 years on a $5,000 investment at a simple interest rate of 8% per year.
How much money do you need to make 100k in interest?
To cut to the chase, if you want your interest to earn $50,000, $70,000 or $100,000 per year, you'll need to have approximately $1.25 million to $2.5 million in savings or retirement accounts. If you're aiming for somewhere in the middle, like $70,000, you'd want to have $1.75 million saved.
How much do I need to invest to get 4000 a month?
Too many people are paid a lot of money to tell investors that yields like that are impossible. But the truth is you can get a 9.5% yield today--and even more. But even at 9.5%, we're talking about a middle-class income of $4,000 per month on an investment of just a touch over $500K.
Can you live off the interest of 100k?
“With a nest egg of $100,000, that would only cover two years of expenses without considering any additional income sources like Social Security,” Ross explained. “So, while it's not impossible, it would likely require a very frugal lifestyle and additional income streams to be comfortable.”
How much will $100,000 invested be in 20 years?
How much will $100k be worth in 20 years? If you invest $100,000 at an annual interest rate of 6%, at the end of 20 years, your initial investment will amount to a total of $320,714, putting your interest earned over the two decades at $220,714.
How much is $10000 for 5 years at 6 interest?
An investment of $10000 today invested at 6% for five years at simple interest will be $13,000.
How much money will be in the account after 10 years if you deposit $4500 at 5 annual interest compounded quarterly?
If you deposit $4500 at 5% annual interest compounded quarterly, how much money will be in the account after 10 years? $7396.29 A Page 3 12.
What is the Rule of 72 years?
The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return. If, for example, your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.
How many years will it take to double your money at a 7 rate of return?
| Rate of Return | Rule of 72 # of Years to Double Money | Logarithmic Formula # of Years to Double Money |
|---|---|---|
| 5% | 14.4 | 14.2 |
| 6% | 12.0 | 11.9 |
| 7% | 10.3 | 10.2 |
| 8% | 9.0 | 9.0 |
How many years does it take to double a $100 investment when interest rates are 7 percent per year?
It will take a bit over 10 years to double your money at 7% APR. So 72 / 7 = 10.29 years to double the investment.
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