If $400 grows to $4,000 in 9 years, approximately what interest rate is earned? a. 29%...

Question

Question

If $400 grows to $4,000 in 9 years, approximately what interest rate is earned?

business finance

Answer 1

Similar Homework Help Questions

QUESTION 1 At an interest rate of 3%, what comes closest to the amount of time...

QUESTION 1 At an interest rate of 3%, what comes closest to the amount of time it takes for a deposit of $7,500 to reach $15,000? O a. 11.90 years b. 14.21 years c. 23.45 years d. 10.24 years e. 17.67 years QUESTION 2 You are trying to price two bonds that have the same maturity and par value but different coupon rates. Both bonds mature in 8 years and at maturity both bonds return the par value of $1,000....
What interest rate compounded quarterly is earned if an investment of $3000 grows to $5000 in...

What interest rate compounded quarterly is earned if an investment of $3000 grows to $5000 in 2 years?
J Approximately what interest rate is needed to double an investment over six years? A) 17...

J Approximately what interest rate is needed to double an investment over six years? A) 17 percent B) 100 percentC) 12 percent D) 6 percent 9) Determine the in Determine the interest rate earned on a $1,500 deposit when $1,680 is paid back in one year. 9) A) 0.89 percent C) 89.00 percent B) 12.00 percent D) 1.12 percent 10) Consider a $1.000 deposit earning 7 percent interest per year for four years. How much total interest is earned on...

3. What annual rate of return is earned on a $5,000 investment when it grows to...

3. What annual rate of return is earned on a $5,000 investment when it grows to $7,000 in six years? A. 1.40 percent B. 5.45 percent C. 5.77 percent D. 40.00 percent
Find the future value and interest earned if $8806.54 is invested for 9 years at 6%...

Find the future value and interest earned if $8806.54 is invested for 9 years at 6% compounded (a) serniannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $) (Type an integer or...
ats Find the future value and interest earned if $8904.56 is invested for 9 years at...

ats Find the future value and interest earned if $8904.56 is invested for 9 years at 5% compounded (a) semiannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed) The interest earned is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $ (Type an integer...

Calculate the future value of $9,000 in a. 4 years at an interest rate of 9%...

Calculate the future value of $9,000 in a. 4 years at an interest rate of 9% per year. b. 8 years at an interest rate of 9% per year. c. 4 years at an interest rate of 18% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. Calculate the future value of $9,000 in 4 years at an interest rate of 9% per year....
What annual rate of return is earned on a $3,300 investment when it grows to $7,100...

What annual rate of return is earned on a $3,300 investment when it grows to $7,100 in twelve years?
What annual rate of return is earned on a $3,400 investment when it grows to $7,300...

What annual rate of return is earned on a $3,400 investment when it grows to $7,300 in eighteen years?

What annual rate of return is earned on a $4,000 investment made in year 5 when...

What annual rate of return is earned on a $4,000 investment made in year 5 when it grows to $8,200 by the end of year 8? (Do not round intermediate calculations. Round your answer to 2 decimal places.)