How long does it take for an investment to triple in value if it is invested at 6% compounded monthly?

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It will approximately take 18 years 10 months.

How long will it take for an investment to triple if it is compounded continuously at 7 %?

It will take 15.7 years for the investment to triple.

How long will it take for an investment to triple if it is compounded continuously at 13%?

It will take 7.85 years for the investment to triple.

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How long does it take for an investment to double in value if it is invested at 6% compounded monthly compounded continuously?

For quick estimations of how long it takes to double the money on an investment, some may choose to use the rule of 72. The rule of 72 is found by dividing 72 by the rate of interest expressed as a whole number. For example, a rate of 6% would be estimated by dividing 72 by 6 which would result in 12 years.

How long will it take for an investment to triple in value if it earns 10.5% compounded continuously?

How long will it take money to triple if it is invested at 10.5% compounded continuously? It will take approximately 10.46 years for the initial investment to triple.

How long will it take money to triple itself if invested at 8% compounded annually?

The Rule of 115

It’s as simple as dividing your interest rate by 115. The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).

How long will it take for an investment to triple if it is compounded continuously at 12%?

Question: How long will it take for an investment to triple if it is compounded continuously at 12%? It will take about years to triple the investment.

How long does it take for an investment to quadruple in value if the investment yields 6% per year compounded monthly )?

Thus, if an investement yields 6% per years, it takes 24 years the investment to quadruple in value.

How long in years will it take your money to triple at an annual percentage rate of 6% compounded annually use logarithms to solve round and show 2 decimal places?

It will approximately take 18 years 10 months. Now we should use logarithmic functions. So the answer is approximately 18 years 10 months.

What is the rate of return of an investment that triples in value in 11 years?

The Rules of 114 and 144

Rule of 114 can be used to determine how long it will take an investment to triple, and the Rule of 144 will tell you how long it will take an investment to quadruple. For example, at 10% an investment will triple in about 11 years (114 / 10) and quadruple in about 14.5 years (144 /10).

What rate of interest compounded annually is required to double an investment in 6 years?

You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require an interest rate of about 12 percent.