How long does it take for an investment to double in value if it is invested at 2% compounded quarterly?

How long does it take for an investment to double in value if it is invested at compounded compounded continuously?

The result is the number of years, approximately, it’ll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

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How long does it take for an investment to double in value if it is invested at 7% compounded quarterly compounded continuously?

Transcribed image text: How long does it take for an investment to double in value if it is invested at 7% compounded quarterly? Compounded continuously? At 7% compounded quarterly, the investment doubles in about Round to two decimal places as needed.)

How long does it take for an investment to double in value if it is invested at 14% compounded compounded continuously?

At 14% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)

How long does it take an investment to double?

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

How long does it take for an investment to double in value if it is invested at 9% compounded quarterly?

At 9% compounded quarterly, the investment doubles in about years. (Round to two decimal places as needed.)

How long does it take for an investment to double in value if it is invested at 7%?

With an estimated annual return of 7%, you’d divide 72 by 7 to see that your investment will double every 10.29 years. In this equation, “T” is the time for the investment to double, “ln” is the natural log function, and “r” is the compounded interest rate.

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How long does it take for an investment to double in value if it is invested at 19%?

At 19% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)

How long does it take for an investment to double in value if it is invested at 13% compounded quarterly compounded continuously?

The easiest way to solve it is to take the ln(2) and divide it by the interest rate. For this problem, assuming that your rates are annual, this formula gives us ln(2)/. 13 = 5.33 years and ln(2)/. 15 = 4.62 years.

How long does it take for an investment to double in value if it is invested at 11% compounded quarterly?

At 11% compounded quarterly, the investment doubles in about years, (Round to two decimal places as needed.)

How long does it take for an investment to double in value if it is invested at 10% interest compounded continuously?

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.