Posted by **Qoo** on Saturday, April 28, 2012 at 2:00pm.

You have an investment opportunity which yields 9% per year. About how many years will it take your initial investment of $10,000 to grow to a total of of $40,000? Please give your answer as a whole number

- finance -
**Henry**, Monday, April 30, 2012 at 3:20pm
Pt = 10000 + 10000*0.09*t = 40000.

900t = 40000-10000 = 30000.

t = 30000 / 900 = 33.33 Years or 33yrs.

- finance -
**Phoebe**, Tuesday, November 12, 2013 at 8:30pm
Use financial calculator to solve for the interest rate involved in the following future value of an annuity due problem. The future value is $57,000, the annual payment is $7,500, and the time period is six years

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