At a growth (interest) rate of 8 percent annually, how long will it take for a sum
Question:
At a growth (interest) rate of 8 percent annually, how long will it take for a sum to double? To triple? Select the year that is closest to the correct answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
If the sum is doubling then the tabular value must equal 2 In Appendix A lo...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Question Posted:
Students also viewed these Business questions
-
A summary of the balance sheet of Travelers Inn Inc. (TII), a company which was formed by merging a number of regional motel chains and which hopes to rival Holiday Inn on the national scene, is...
-
(Multiple Choice) 1. Annual interest expense for a single bond issue continues to increase over the life of the bonds. Which of the following explains this? a. The market rate of interest has...
-
Johson Corporation issued bonds twice during 2010. The transactions were as follows: 2010 Jan 1Issued $1,000,000 of 7.5 percent, 10-year bonds dated January 1, 2010, with interest payable on June 30...
-
Top managers of Ryan Products, Inc., have asked you to compare the companys profit performance and financial position with the average for the industry. The companys accountant has given you the...
-
What are the three main determinants of net exports? How would an increase in the growth rate of GDP in the BRIC nations (Brazil, Russia, India, and China) affect U.S. net exports?
-
A parallel combination of three capacitors, C1 = 2 ?F, C2 = 4 ?F, and C3 = 6 ?F, is charged with a 200-V source. The capacitors are then disconnected from both the voltage source and each other and...
-
What are the major elements in COBIT 2019?
-
Issa Manufacturing Company was started on January 1, 2014, when it acquired $78,000 cash by issuing common stock. Issa immediately purchased office furniture and manufacturing equipment costing...
-
What is the future of global trade and how does it affect the US economy and (another country that you'd like to work in someday? Please review the following article...
-
Determine the maximum power delivered to the variable resistor R shown in the circuit of Fig. 4.136. 2 Vx 10 (4 20 20 : 10 . www
-
If you owe $30,000 at the end of seven years, how much should your creditor accept in payment immediately if she could earn 11 percent on her money?
-
Dr. Sisters has been secretly depositing $10,500 in her savings account every December starting in 1994. Her account earns 6 percent compounded annually. How much did she have in December 2005?...
-
A companys stakeholders are a. any individuals or groups affected in a significant way by the companys activities. b. anyone who owns shares in the company. c. employees, except for unionized...
-
A semi-annual coupon bond with 10 years to maturity and 10% annual coupon rate. The annual market required interest rate is 8%. Assume the bond's face value is $1000. Based on semiannual compounding,...
-
Pete Peters read the following partial advertisement: Price $20,900; down payment $1,000; $390.85 per month for 60 months. 1) What is the amount financed? 2) What is the total finance charge?
-
A 5%, 10-year bond has a yield to maturity of 3.75% and modified duration of 6.2 years. If the market is expected to increase by 125 basis points, what do you estimate will be the percent change...
-
Let h(x) = x + 5 and g(x) = x-8. Find (h-g)(-2).
-
Discuss self-understanding in middle childhood by providing a detailed example of the development of self-concept and a detailed example of the development of self-esteem in this stage. Information...
-
Without using a calculator, evaluate the following expressions or state that the quantity is undefined. cos -1 2
-
Prairie Outfitters, Inc., a retailer, accepts paymnent through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card...
-
Hamilton Control Systems will invest $90,000 in a temporary project that will generate the following cash inflows for the next three years. Year Cash Flow 1 ....................$23,000 2...
-
Cellular Labs will invest $150,000 in a project that will not begin to produce returns until after the third year. From the end of the 3rd year until the end of the 12th year (10 periods), the annual...
-
Propulsion Labs will acquire new equipment that falls under the five-year MACRS category. The cost is $200,000. If the equipment is purchased, the following earnings before depreciation and taxes...
-
Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,800. What are her self-employment tax liability and additional Medicare tax liability for...
-
D.L. Ko and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Ko, the president, to believe...
-
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and...
Study smarter with the SolutionInn App