Ten thousand dollars is invested at 6.5% interest compounded continuously. When will the investment be worth $41,787?
Question:
Ten thousand dollars is invested at 6.5% interest compounded continuously. When will the investment be worth $41,787?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
At 10000e0065t 4...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly. A. The present value is $28,948.67. B. The present value is $29,433.94. C. The present value...
-
1. One thousand dollars is deposited into a savings account at 2.7% interest compounded annually. How many years are required for the balance to reach $1946.53? After how many years will the balance...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
State whether or not each of the following events would result in a liability being recognised in the accounts at 30 June. 1. Taxes for the year ended 30 June, which are not payable until October. 2....
-
What structural features do a triacylglycerol and a phosphatidyl ethanolamine have in common? How do the structures of these two types of lipids differ?
-
1. Visit Yelps Web site (www.yelp.com) and search for reviews for a service from a local business with which you are familiar. Do you notice any reviews that are overly negative or that seem to...
-
How does the quick ratio differ from the current ratio?
-
A museum received gifts of two valuable paintings. It recorded the value of one as an asset and recognized the corresponding revenue. It gave no accounting recognition to the other. What might be a...
-
Discuss whether adopting International Financial Reporting Standards (IFRS) by different countries means their accounting procedures and practices are consistent and comparable internationally?
-
Find the logarithmic derivative and then determine the percentage rate of change of the functions at the points indicated. g( p) = 5/(2p + 3) at p = 1 and p = 11
-
A stock portfolio increased in value from $100,000 to $117,000 in 2 years. What rate of interest, compounded continuously, did this investment earn?
-
In Problems 95100, solve f (x) = g(x). What are the points of intersection of the graphs of the two functions? f(x) = = g(x) = 2x x - 3 1 3 x + 1 2x + 18 x - 2x - 3 2
-
Fix Manufacturing specifies the quality characteristic of one of its popular products to be 0.500" 0.020. An analysis of company records for the last two years suggests that the average cost for...
-
Accounting numbers have served to 'dehumanise war'. This is not to suggest that accounting techniques have enabled the military to be more efficient in a business sense, rather that accounting has a...
-
What does professional growth mean? Why is networking so important? How important is continued education for your future success?
-
What is the difference between the concept of Future Value and the concept of Present Value? What kinds of decisions might be made using the concept of Future Value? What kinds of decisions might be...
-
Ken is 6 3 years old and unmarried. He retired at age 5 5 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information...
-
The number of overnight emergency calls X to the answering service of a heating and air conditioning firm have the probabilities .05, .1, .15, .35, .20, and .15 for 0, 1, 2, 3, 4, and 5 calls,...
-
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
-
Estimate the between-day and within-day components of variance for this participant? Hypertension An instructor in health education wants to familiarize her students with the measurement of blood...
-
Is there a difference in underlying mean blood pressure by day for this participant? Hypertension An instructor in health education wants to familiarize her students with the measurement of blood...
-
Use ANOVA methods to estimate the CV for plasma beta-carotene for the 23 participants, based on the two baseline measurements? Table 12.35: Format of BETACAR.DAT Code Variable Column Preparation...
-
Assume that a lender offers a 30-year, $158,000 adjustable rate mortgage (ARM) with the following terms: Initial interest rate = 7.5 percent Index = one-year Treasuries Payments reset each year...
-
Suppose that a trader writes three naked put option contracts, with each contract being on 100 shares of underlying stock. The option price is $3 on each share, the time to maturity is six months,...
-
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150- foot rolls and sells for $215...
Study smarter with the SolutionInn App