How long will it take your $10,000 to double in value if it earns 5% annually?
Question:
How long will it take your $10,000 to double in value if it earns 5% annually?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Computation of the No of year to reach the required goal Given inf...View the full answer
Answered By
Arshad Ahmad
Well, I am really new to tutoring but I truly believe a good student can be a better teacher. I have always been a topper at school. I passed my Chartered Accountancy at a very young age of 23, a rare feat for most of the students. I am really dedicated to whatever work I do and I am very strict regarding deadlines. i am always committed and dedicated to whatever work allotted to me and I make sure it is completed well within deadline and also I try to give my best in whatever I do. Hope we will have a good time studying together.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Question Posted:
Students also viewed these Accounting questions
-
How long will it take to save $15 000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded quarterly?
-
How long will it take a payment of $500 per quarter to amortize a loan of $8,000 at 16% compounded quarterly? Approximate your answer in terms of years and months. How much less time will it take if...
-
How long will it take a 1750-W motor to lift a 315-kg piano to a sixth-story window 16.0m above?
-
1. Based on a simple, constant context, you will arrive at a stationary state for a unregulated, and then a regulated system. Assume that air resistance and friction for a car increase in the power...
-
Table 29.15 on the next page shows Dynamic Mattress's year-end 2010 balance sheet, and Table 29.16 shows its income statement for 2011. Work out the statement of cash flows for 2011. Group these...
-
Better Measures of Performance at Bi-Corp Dianne Byrd had been in her role as HR manager at Bi-Corp Plastics for just over three months. A recent graduate of an HRM program at a local university,...
-
The partial pressure of a component of an ideal solution is directly proportional to its mole fraction in the solution. This is known as (a) Henry's law (b) Raoult's law (c) Amagot's law (d) Dalton's...
-
Your comparison of the gross margin percent for Jones Drugs for the years 2008 through 2011 indicates a significant decline. This is shown by the following information: A discussion with Marilyn...
-
Stanley consumes only white and red wines and his utility function can be described by U(R,W) = R0.40. W0.60
-
2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300...
-
A bond currently sells for $1,050, which gives it a YTM of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,025. What is the duration of this bond?
-
Suppose you want to buy some new furniture for your family room. You currently have $500 and the furniture you want costs $600. If you can earn 6%, how long will you have to wait if you dont add any...
-
List and describe the 5 functions of inventory.
-
Why do you think municipalities tax things that travelers buy as a way of raising the revenue to build local venues? Use the following news clip to work Problems 9 and 10. Tax bites on travelers go...
-
If excess capacity exists, how would that affect the calculated AFN? If the key ratios are expected to remain constant, the AFN equation can be used to forecast the need for external funds. Write out...
-
Hartman Motors has $18 million in assets, which were financed with $6 million of debt and $12 million in equity. Hartmans beta is currently 1.3, and its tax rate is 25%. Use the Hamada equation to...
-
Weatherford Industries Inc. has the following ratios: A 0 */S 0 = 1.6; L 0 */S 0 = 0.4; profit margin = 0.10; and payout ratio = 0.45, or 45%. Sales last year were $100 million. Assuming that these...
-
Carlsbad Corporations sales are expected to increase from $5 million in 2021 to $6 million in 2022, or by 20%. Its assets totaled $3 million at the end of 2021. Carlsbad is at full capacity, so its...
-
Charlene is evaluating a capital budgeting project that should last for 4 years. The project requires $800,000 of equipment and is eligible for 100% bonus depreciation. She is unsure whether...
-
Graph one period of each function. y = 4 cos x
-
Classify each number in Problems 1116 as rational or irrational. If it is rational, write it without a square root symbol. If it is irrational, approximate it with a rational number correct to the...
-
Ross, Attorney at Law, experienced the following transactions in 2013, the first year of operations: 1. Purchased $1,500 of office supplies on account. 2. Accepted $36,000 on February 1, 2013, as a...
-
On October 1, 2013, Caldonia Company paid East Alabama Rentals $4,800 for a 12-month lease on warehouse space. Required a. Record the deferral and the related December 31, 2013, adjustment for...
-
A cost can be either an asset or an expense. Required a. Distinguish between a cost that is an asset and a cost that is an expense. b. List three costs that are assets. c. List three costs that are...
-
(3) Calculate m(R) (volume of R) Given: R is the region of the 3- dim space, defined by: 3 Upper border: Z = 92 (x, y) = 3x+5y3 Lower border: Z = 9, (x,y) = x+y xy projection: D= pr (R) = triangle...
-
Explain what is Model, Strategy, Algorithm in math teaching? How is it similar/compare to 'algorithm' language of borrow or carry over in subtraction
-
Directions and Info for Building 1. Use a program where you can draw and type, like pages, or you can draw this out on a piece of paper and take a picture to submit. 2. You will begin with the...
Study smarter with the SolutionInn App