how long will it take money to triple itself if it is invested at 5%?

Question

compounded semi annually ? or 5% compounded quarterly,
please help me out here.

Answer 1

I am afraid both of the previous answers were wrong.

When we say "invested at 5%", that *almost* always means 5 percent per year and you have to divide by the number of compounding periods. So we would say 2.5 percent per half-year or 1.25 percent per quarter.

By my calcuations, when you do it by half-year it would take 45 periods (or 22.5 years) to triple. By quarters it would take 89 periods (or 22.25 years) to triple.

And it is exceptionally rare to make 25% return each and every quarter, I would be very skeptical of any claims guaranteeing more than 10-12 percent return per YEAR. :)

--Andrew
(H.S. teacher)

Answer 2

At 5% Per Cycle

It'll Take 23 Cycles...

If Compounded Annually, It'll Take 23 Years
If Compounded Quarterly, It'll Take 5 Years And 9 Months...

P/S: Whatever You're Investing In, It's Not Worth The Wait, If U're Really Into Private Investments, There Are Private Investment Firms That Offer Upto 25% Per Month, Which Would Triple Itself In A Year, Without Compounding, And 5 Months With Compounding...

Answer 3

Andrew the high school teacher is correct. An easy way to estimate this is the Rule of 116. Money triples at the rate of interest divided into the number 116. So, 116 divided by 5 equals about 23.2, but I trust Andrew's calculation.

Answer 4

Buy all the morgans and pre 1964 change as you can. check out prices on bulliondirect then compare to local dealers. "The devaluation/death of the dollar, in spite of all verbiage appearing globally, is indicated to take the markets as well as the populace/USofA by surprise. The data indicates that this is due to the epic/monumental level of the events involved. The idea is that even knowing it is coming will not prevent the observer from reeling from shock, as the sheer magnitude of the events involved unfold.