How much will $10,000 compounded continuously at 3.75% annual interest amount to in 3 yr? L OOL
Question:
How much will $10,000 compounded continuously at 3.75% annual interest amount to in 3 yr?
Transcribed Image Text:
L OOL
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
To calculate the amount of money that 10000 will grow to after 3 years w...View the full answer
Answered By
User l_917591
As a Business Management graduate from Moi University, I had the opportunity to work as a tutor for undergraduate students in the same field. This experience allowed me to apply the theoretical knowledge I had gained in a practical setting, while also honing my teaching and communication skills.
As a tutor, I was responsible for conducting tutorial sessions, grading assignments and exams, and providing feedback and support to my students. I also assisted with the preparation of course materials and collaborated with other tutors and professors to ensure consistency in teaching and assessment.
0.00
0 Reviews
10+ Question Solved
Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
Question Posted:
Students also viewed these Mathematics questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
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. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
Norman Freight purchased a building for $1,100,000 and depreciated it on a straight-line basis over a 30-year period. The estimated residual value was $140,000. After using the building for 15 years,...
-
Manufacturers and retailers have used product bar codes for many years. What information does the 13-digit European Article Number (EAN) contain that the 12-digit Universal Product Code (UPC) did...
-
In Problem find the absolute extremum, if any, given by the second derivative test for each function. X - 1 f(x) x2 - 1
-
Which of the following is not a limitation of internal control? a. Poorly designed controls b. Tired employees c. Collusion d. Rationalization
-
In a laboratory experiment (designed to test a new brand), people are exposed to advertisements for a new brand and then are asked to buy a brand from that product class from a supermarket aisle that...
-
AP5-10B (Preparation of statement of cash flows) A comparative statement of financial position and a statement of earnings for Standard Card Company follow. STANDARD CARD COMPANY Statement of...
-
Use the special properties of logarithms to evaluate each expression. log 4 4 9
-
Use the special properties of logarithms to evaluate each expression. log 5 5 6
-
Explain how buyers willingness to pay, consumer surplus, and the demand curve are related.
-
Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8 th for $490 . The secondpurchase was on January 19 th for $272. The third...
-
The standard costs for product AX14 are: Direct materials: 40 yards at $3.70 per yard $148 Direct labor: 7 hours at $18.00 per hour 126 Total $274 The following information pertains to August: Direct...
-
10. Find the temperature u(x, t) in the infinite plate of width 2L shown in Figure 12.R.4 if the initial temperature is uo throughout. [Hint: u(x, 0): = Uo, -L
-
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning...
-
Subtract: (-18-25i) (1721) difference =
-
3(x 2) (7x + 2) = 4 (3x + 1) Simplify the expression or solve the equation, as appropriate.
-
From a medical tourist perspective, compare Shouldice with the traditional hospital in terms of the key factors of competition. Using Table 15-3, why would Shouldice attract patients from outside the...
-
If s 2 = 256.38, what is s?
-
Calculate s for these data, which have a mean of 37.20: 24, 36, 42, 50, and 34.
-
Calculate s for these data, which have a mean of 3.30: 1.4, 2.2, 4.5, 4.1, and 4.3.
-
The Rim Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the industry. The CEO has given...
-
The following information is available to reconcile Branch Companys book balance of cash with its bank statement cash balance as of July 3 1 . a . On July 3 1 , the companys Cash account has a $ 2 5...
-
Common Stock ( $ 2 0 par value, 5 0 , 0 0 0 shares issued and outstanding ) Paid - in Capital in Excess of Par - Common Stock Retained Earnings On January 1 , 2 0 2 2 , Cullumber Company had the...
Study smarter with the SolutionInn App