If an investment of $1000 grew to $13,500 in 9 years, what interest rate compounded annually did
Question:
If an investment of $1000 grew to $13,500 in 9 years, what interest rate compounded annually did this investment earn?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
P 1000 S 13500 n 9 13500 100...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
If $10,000 had been invested in the Sagamore Capital Opportunity Fund on September 30, 2008, it would have been worth $46,649.55 on September 30, 2018. What interest rate compounded annually did this...
-
A gift of $10000 to a city grew to $8,000,000 in 200 years. At what interest rate compounded annually would this growth occur? The interest rate would be %. (Do not round until the final answer. Then...
-
1. Suppose that a $100,000 investment grows 3% during the first year and 4% during the second year. By what percent will it have grown after the 2-year period? (The answer is not 7%) 2. Rework...
-
Top executive officers of Preston Company, a merchandising firm, are preparing the next years budget. The controller has provided everyone with the current years projected income statement. Current...
-
During an air conditioning process 800 ft3/min of conditioned air at 60oF and 40% relative humidity is mixed adiabatically with 200 ft3/min of outside air at 84oF and 85% relative humidity at...
-
Solve for v o (t) in the circuit of Fig. 10.91 using the superposition principle. 2H 6 ell 6 sin 2t A F 18 cos 3t V (+ +) 15 V Vo
-
Draw an ogive for the frequency distribution in Example 2. Data from Example 2 Using the frequency distribution constructed in Example 1, find the midpoint, relative frequency, and cumulative...
-
The Sports Shoe Company is a manufacturer of basketball and football shoes. The manager of marketing must decide the best way to spend advertising resources. Each football team sponsored requires 120...
-
The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10,000 cash from a bank and signed a note due later this year. c. Bought...
-
Consolidated Jewels needs to raise $2 million to pay for its Diamonds in the Rough campaign. It will raise the funds by offering 200,000 rights, each of which entitles the owner to buy one new share....
-
A debt of $280,000 is amortized with 40 equal semiannual payments of $14,357.78. If interest is 8.2% compounded semiannually, find the unpaid balance of the debt after 25 payments have been made.
-
Find the sum of the first 60 terms of the arithmetic sequence 1/3, 1/2, 2/3, . . . .
-
An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 43 hours during the week. Assume that the FICA tax rate is 7.5%...
-
What strategies and frameworks can be employed to assess the competency and readiness of subordinates for delegated tasks, ensuring alignment between individual skill sets, developmental goals, and...
-
read the article From the perspective of a Chief Financial Officer, and discuss the impact of a negative opinion from an auditor on an audited financial statement. Sources Bragg, S. (2022, June 10)....
-
How does Hollywood differ from other film industries in the world?
-
Analyze this research study that was published in the Journal of Computer-Mediated Communication. This study is typical of how communication research findings are presented in scholarly journals. It...
-
Read the Citizens Guide to the Federal Budget that is posted in this week's module. Review the federal budget historical tables at the following website and provide your answers to the following...
-
Tocksfor Company's general ledger included the following selected accounts (in thousands) at September 30, 2014: Accounts payable ....................................................... $1,077.3...
-
The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Accounts...
-
For large numbers of degrees of freedom, we can approximate critical values of x2 as follows: Here k is the number of degrees of freedom and z is the critical value(s) found from technology or Table...
-
A claimed trend of thinner Miss America winners has generated charges that the contest encourages unhealthy diet habits among young women. Listed below are body mass indexes (BMI) for recent Miss...
-
a. In general, what is a type I error? In general, what is a type II error? b. For the hypothesis test in Exercise 6 BMI for Miss America, write a statement that would be a type I error, and write...
-
American X wishes to borrow U.S. dollars at a fixed rate of interest. Corporation Y wishes to borrow Japanese Yen at a fixed rate of interest. The amounts required by the two companies are the same...
-
Bunga Raya Kuning Berhad is a Malaysian-based MNC that obtains 12 percent of its supplies from the U.K. manufacturers. Sixty-five percent of its revenues are from due to exports to U.K. where its...
-
Trevor's Tool Shop is considering investing in a new machine. The company currently has $500,000 per year in sales. The company has $265,000 per year in net income. If the company invests in the new...
Study smarter with the SolutionInn App