If i invested $700 at an effective interest rate of 6% How long would it take for my money to double in value?
If you invested $700 at an effective interest rate of 6% it would take approximately 16.67 years for the amount made on the interest to equal your principal of $700. Simple interest is equal to the rate, multiplied by the time and principal. Thanks for using ChaCha!
Answered
-
-
Your monthly payments on a $18,000 loan with an 8% interest r...
-
What is the best interest rate I can get to buy a new home?
To find the best interest rate on a loan for a new home, you ...
-
Which has the lowest interest rate Payday loan, Perkins loan, or private loan?
A private loan, like a loan from family or friends should hav...
-
How do increased interest rates affect the balance of trade?
When you increase the rates that charges more money and there...
-
Jackson's savings are decreased by 10 percent. ChaCha!
-
What is a higher interest rate is usually a trade off for?
On an individual level, the trade-off for a higher interest r...
-
What is the relationship between interest rates and demand for money?
Demand for money is dependent on price of money- the interest...
-
What's the difference between APY and an interest rate?
(APY) annual percentage yield is the amount you earn on an in...
-
Can you calculate the monthly interest rate on a credit card that charges 18% annual interest?
Look at your credit card statement and look at the APR. Take ...
-
If the market rate is higher than the contract rate, the bond...
-
Jackson's savings are decreased by 10 percent. ChaCha!
-
What is a higher interest rate is usually a trade off for?
On an individual level, the trade-off for a higher interest r...
-
How is FBN rate with savings and investment and interest rates?
The acronym FBN can stand for many different companies. Do yo...
-
What is the relationship between interest rates and demand for money?
Demand for money is dependent on price of money- the interest...
-
What is the interest rate of Credit yes.com?
The current interest rate at Credityes.com is 13.7% and it a ...
-
What is TD Bank's interest rate on savings accounts?
Interest rates will vary by state for TD Bank savings account...
-
What is the interest rate the fed charges to commercial banks?
I checked many sources and couldn't actually find what intere...
-
Companies have very high interest rates. Thanks for using Cha...
-
What is the best interest rate I can get to buy a new home?
To find the best interest rate on a loan for a new home, you ...
-
It will take an investment about 21 years to triple if it ear...
-
How did federal reserve uses to change short term interest rates and long term interest rates?
The Federal Reserve federal funds rate in the United States h...
-
What is the current interest rate of a Wachovia savings account?
It depends on what kind of savings account you have with them...
-
What is the prime interest rate?
Your answer is 3.25% (July 6, 2011). Src: Wolfram|Alpha
-
What is the interest rate the fed charges to commercial banks?
I checked many sources and couldn't actually find what intere...
-
What is the interest rate on a standard Visa credit card?
Capital One's Standard Platinum credit card is for people wit...
-
Companies have very high interest rates. Thanks for using Cha...
-
What is the relationship between 'velocity of money and interest rate?
Velocity of money is also influenced by interest rates. When ...
-
What bank has the lowest interest rate on a refinance veterans loan?
If you're a veteran or military personnel who currently has a...
-
What is the current interest rate in a 10 year cd?
3.46% is the current average rate for a 10 year CD, check wit...
-
What does it mean to lower interest rates?
An interest rate is a rate which is charged or paid for the u...
Comments