An investment earned 3% compounded semiannually for two years and 5% compounded annually for the next three
Question:
An investment earned 3% compounded semiannually for two years and 5% compounded annually for the next three years. What was the equivalent annually compounded rate of return for the entire five-year period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Suppose the amount initially invested was 100 The future val...View the full answer
Answered By
Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
An investment earned 6% compounded semiannually for two years and 8% compounded annually for the next three years. What was the equivalent annually compounded rate of return for the entire five-year...
-
An investment of $1,000 is made for two years and is compounded semiannually at 5%. Find the future value and compound interest at the end of the two years?
-
BACKGROUND You are an information analyst working for NEE. The company president has asked you to prepare a Quantitative analysis of financial, sales, and operations data to help determine which...
-
i) Starbucks launched its prepaid (debit) Starbucks Card in November 2001. The card, which holds between $5 and $500 can be used at any Starbucks location. Suppose Starbucks management wants to study...
-
An air standard Diesel cycle has a compression ratio of 19, and heat transfer to the working fluid per cycle is 2000 kJ/kg. At the beginning of the compression process the pressure is 105 kPa and the...
-
Make a diagram that illustrates a possible issue with limited resource scheduling if the resources are not available. Make up an example "what if"- some of the project team get the flu at the same...
-
The A-36 steel rod has a diameter of 50 mm and is lightly attached to the rigid supports at A and B when T 1 = 80C. If the temperature becomes T 2 = 20C and an axial force of P = 200 kN is applied to...
-
Creative Confectioners is planning to introduce a new brownie. A small-scale taste test was conducted to assess consumers preferences (Y) with regard to moisture content (X1) and sweetness (X2). Data...
-
develop an FTE variance reporting document that will be used for department managers to explain variances in FTE utilization compared to benchmarks. Make sure to address how and when managers will be...
-
The formaldehyde content of a pesticide preparation was determined by weighing 0.2985 g of the liquid sample into a flask containing 50.0 mL of 0.0959 M NaOH and 50 mL of 3% H2O2. Upon heating, the...
-
The Lipper Fund Awards recognized mutual funds that have excelled in delivering strong performance. The Fidelity Canadian Growth Company Series B (managed by Pyramis Global Advisors) won a Lipper...
-
Assume that the Royal Bank shares in Table 9.3 will pay a $3.50 per share dividend in 2016. What would the share price have needed to be at the end of 2016 for a total rate of return in 2016 of 10%?...
-
Describe an algorithmfor constructing the compact representation of a suffix trie, given its noncompact representation, and analyze its running time.
-
Each of the following alternatives involves an initial outlay of BD 90,000. Their cash flows go as follows: [10 marks] Year 1 2 4 5 Alternative L 30,000 30,000 30,000 30,000 30,000 Alternative M...
-
Contrast the role of the internal consultant with that of the external consultant. Explain it
-
Discuss the application of computational fluid dynamics (CFD) in modeling turbulent flow regimes within chemical reactors and its impact on reactor design and performance optimization.
-
What term does IFRS use instead of "amortization" for tangible assets? Explain briefly.
-
Discuss the principles and applications of process intensification techniques, such as microreactors and membrane separations, in enhancing the sustainability and efficiency of chemical processes.
-
The following information is taken from the 2019 general ledger of Swisher Company. Instructions In each case, compute the amount that should be reported in the operating activities section of the...
-
Saccharin is an artificial sweetener that is used in diet beverages. In order for it to be metabolized by the body, it must pass into cells. Below are shown the two forms of saccharin. Saccharin has...
-
Is there sufficient evidence at the 5% significance level to infer that there is a positive relationship between two ordinal variables given that rs = .15 and n = 12?
-
Test the following hypotheses: H 0 : s = 0 H 1 : s 0 n = 50 r s = .23 = .05
-
How does educational attainment affect newspaper readership? Is there enough evidence to conclude that there are differences between the five educational attainment groups (DEGREE: Highest degree...
-
Miller's Hardware plans on saving $40,000, $50,000, and $58,000 at the end of each year for the next three years, respectively. How much will the firm have saved at the end of the three years if it...
-
Wizmo technologies is producing a new kids watch, an electronic gadget for kids to stay connected with their parents. The project requires an initial investment in plant and equipment of 6 million....
-
Case Study: XYZ Manufacturing Co. Background: XYZ Manufacturing Co. is a mid-sized manufacturing company that produces electronic components. The company has been in operation for several years and...
Study smarter with the SolutionInn App