Homework Answers
Add Answer to:
How long will it take $3,000 to grow to $21,000 if it is invested at 7%...
1. How long will it take $3000 to grow to $23000 if it is invested at...
1. How long will it take $3000 to grow to $23000 if it is invested at 7% compounded monthly? ____ years (round to nearest year). 2. For services rendered, an attorney accepts a 120-day note for $6,000 at a 8% simple interest from a client. (Both interest and principal are repaid at the end of 120 days.) Wishing to use her money sooner, the attorney sells the note to a third party for $6,060 after 30 days. What annual interest...
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the...
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $16000? Use the model A(t) = Pe" and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $16000.
(Compound value solving for n) How many years will the following take? a. $520 to grow...
(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,348.75 if invested at 10 percent compounded annually b. $33 to grow to $56.70 if invested at 7 percent compounded annually c. $95 to grow to $465.31 if invested at 13 percent compounded annually d. $57 to grow to $69.28 if invested at 5 percent compounded annually a. How many years will it take for $520 to grow to $1,348.75 if invested at...
(Compound value solving for n) How many years will the following take? a. $520 to grow...
(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,129.38 if invested at 9 percent compounded annually b. $38 to grow to $65.29 if invested at 7 percent compounded annually c. $120 to grow to $520.14 if invested at 13 percent compounded annually d. $55 to grow to $69.44 if invested at 6 percent compounded annually a. How many years will it take for $520 to grow to $1,129.38 if invested at...
How many years will it take for $480 to grow to $1,020.16 if it's invested at...
How many years will it take for $480 to grow to $1,020.16 if it's invested at 7 percent compounded annually? The number of years it will take for $480 to grow to $1,020.16 at 7 percent compounded annually is____ years. (Round to one decimal place.)
Compound value solving for n) How many years will the following take? a. $490 to grow...
Compound value solving for n) How many years will the following take? a. $490 to grow to $1.270.93 if invested at 10 percent compounded annually b. $36 to grow to $71.73 if invested at 9 percent compounded annually c. $110 to grow to $476.80 if invested at 13 percent compounded annually d. $58 to grow to $77.73 if invested at 5 percent compounded annually a. How many years will t take for $490 to grow to $1,270.93 f invested at...
How long will it take for a $2500 investment to grow to $4000 at an annual...
How long will it take for a $2500 investment to grow to $4000 at an annual rate of 15%, compounded monthly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth If necessary, refer to the list of financial formulas. U years I Don't Know Sulit 2020 M Als Res
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously...
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously at 7%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
How long will it take for 2.400 to grow to 38.700 at an interest rate of...
How long will it take for 2.400 to grow to 38.700 at an interest rate of 4.9% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
find out how long it takes a $2700 investment to double if it is invested by 7% compounded semiannually
find out how long it takes a $2700 investment to double if it is invested by 7% compounded semiannually. Round to the nearest tenth of a year . Use the formula A=P[1+r/n]^nt
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $16000? Use the model A(t) = Pe" and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $16000.
(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,348.75 if invested at 10 percent compounded annually b. $33 to grow to $56.70 if invested at 7 percent compounded annually c. $95 to grow to $465.31 if invested at 13 percent compounded annually d. $57 to grow to $69.28 if invested at 5 percent compounded annually a. How many years will it take for $520 to grow to $1,348.75 if invested at...
(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,129.38 if invested at 9 percent compounded annually b. $38 to grow to $65.29 if invested at 7 percent compounded annually c. $120 to grow to $520.14 if invested at 13 percent compounded annually d. $55 to grow to $69.44 if invested at 6 percent compounded annually a. How many years will it take for $520 to grow to $1,129.38 if invested at...
Compound value solving for n) How many years will the following take? a. $490 to grow to $1.270.93 if invested at 10 percent compounded annually b. $36 to grow to $71.73 if invested at 9 percent compounded annually c. $110 to grow to $476.80 if invested at 13 percent compounded annually d. $58 to grow to $77.73 if invested at 5 percent compounded annually a. How many years will t take for $490 to grow to $1,270.93 f invested at...
How long will it take for a $2500 investment to grow to $4000 at an annual rate of 15%, compounded monthly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth If necessary, refer to the list of financial formulas. U years I Don't Know Sulit 2020 M Als Res
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously at 7%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
Most questions answered within 3 hours.
-
Part 1- Inventory: You own a toy company and
you are producing wooden rocking horses. Assume...
asked 6 minutes ago -
What is aromaticity?
Identify aromatic molecules, especially those containing O, N,
S and B
asked 9 minutes ago -
A rubber solid circular wheel of uniform density spins about it
axis at rate of 60...
asked 21 minutes ago -
DNA evidence from an early human skeleton in Britain, shows that
early inhabitants of were blue...
asked 12 minutes ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 20 minutes ago -
To practice Problem-Solving Strategy 19.1 Work in Ideal-gas
Processes.
A cylinder with initial volume V contains...
asked 29 minutes ago -
Depreciation for Partial Periods Bean Delivery Company purchased
a new delivery truck for $35,400 on April...
asked 33 minutes ago -
Q 5.23:
Jonathan has been doing calculations to determine a missing
component. So far he has...
asked 31 minutes ago -
Use indifference curve and the daily income-leisure choice model
to explain graphically the behavior of employees...
asked 52 minutes ago -
Record the following transactions of Fashion Park in a
general journal. Fashion Park must charge 8...
asked 52 minutes ago -
Chapter 08 Python Assignment: Question 1-5
Please I need help in my python course.
Question 1...
asked 56 minutes ago -
1.
In a study of the effectiveness of
a new pain killer,
4646
out of
821821...
asked 1 hour ago