The website http://www.timetravelfund.com discusses investing $1 at 5% interest, which it says will be worth $39,323,261,827.22 in
Question:
The website http://www.timetravelfund.com discusses investing $1 at 5% interest, which it says will be worth $39,323,261,827.22 in 500 years. Is its calculation correct, and, if so, for what frequency of compounding? If you wish, you may also discuss how good an investment you think this site provides.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
The calculation is correc...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Curious Accountant story at the beginning of this chapter referred to the Coca-Cola Company and discussed who its stakeholders are. This chapter has introduced the basic structure of the four...
-
1. Sheldon Cooper and Amy Farrah live in Pasadena, California; have as a new investment goal to create a college fund for their newborn daughter. They estimate that they will need $200,000 in 18...
-
Refer to Apple's financial statements in Appendix A to answer the following. 1. Is Apple's statement of cash flows prepared under the direct method or the indirect method? How do you know? 2. For...
-
Sonal Singh is a lawyer employed by Just and Fare Solicitors who act for Alice Tay, the applicant in a de facto relationships property dispute in the Federal Circuit Court. Taylor Merdec is a lawyer...
-
The colors of peacocks and hummingbirds are the result not of pigments but of ridges in the surface layers of their feathers. By what physical principle do these ridges produce colors?
-
In preparing a budget, what indirect costs should be considered?
-
What is the focus of an auditor's tests of billing, and how do the tests complement tests of shipping controls?
-
Two aqueous sulfuric acid solutions containing 20.0 wt% H 2 SO 4 (SG = 1.139) and 60.0 wt% H 2 SO 4 (SG = 1.498) are mixed to form a 4.00 molar solution (SG = 1.213). (a) Calculate the mass fraction...
-
Search about the company and answer the following questions, 1: Do some research about sustainable practices adopted by this company. How is this company contributing to sustainability (if they are...
-
Create a Windows Forms application. Use the following names for the project and solution, respectively: OnYourOwn Project and OnYourOwn Solution. Save the application in the VB2017\Chap02 folder....
-
As part of the quality-control program for a catalyst manufacturing line, the raw materials (alumina and a binder) are tested for purity. The process requires that the purity of the alumina be...
-
Discussing the $350 price of a ticket for one of her concerts, Barbra Streisand said, If you amortize the money over 28 years, its $12.50 a year. So is it worth $12.50 a year to see me sing? To hear...
-
Why do most mammals, other than primates, not suffer from gout?
-
In below picture, the Temperature-Time-Transition (TTT) diagram for a glass forming material is shown: temperature T. m I 1 ppm 1% crystal time
-
Bob met Alice in the summer of 2020 in Paris. They become good friends. Bob works in a bank while Alic is a financial advisor at a private firm. Bob and Alice got married in the fall of 2021 and they...
-
The thermal behaviour of polymers strongly depends on their structure. In below diagram, the E-Modulus as a function of temperature for different polymer structures is shown: Modulus A g B...
-
Learning outcome: To understand, be able to think critically, to be aware of the contemporary issues about a business in management accounting. Assignment Brief 1. This assignment is concerned with...
-
What volume of water, in mL, is needed to dissolve 7.9 mg of nitrogen gas (28.0134 g/mol) when the partial pressure of nitrogen above the water is 1.1 atm at 25 C? The Henry's constant for nitrogen...
-
The impulse response h[n] of an FIR is given by h[0] = h[3], h[1] = h[2], the other values are zero. (a) Find the Z-transform of the filter H(z)and the frequency response H(e j ). (b) Let h[0] = h[1]...
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
You have a ticket to go to a concert by one of your favorite groups, the Hives, which you cannot resell. However, you can buy a ticket for $30 to attend a talk by Steven Colbert, at the same time as...
-
A firm's short-run cost function is C(q) = 200q - 6q2 + 0.3q3 + 400. Determine the fixed cost, F; the variable cost function, AVC; the average cost, AC; the marginal cost, MC; and the average...
-
A firm has two plants that produce identical output. The cost functions are C1 = 10q - 4q2 + q3 and C2 = 10q - 2q2 + q3. a. At what output level does the average cost curve of each plant reach its...
-
Influencer marketing on social platforms is integral to marketing campaigns of many brands. For FYiDoctors, it is also vital for the brand. FYIDoctors currently haven't hired any influencers, but it...
-
A conjoint analysis to estimate the partwords of individuals attributed levels of a smartwatch is being designed. There are three levels for the size attributed (40mm, 44mm and 46mm) and three levels...
-
Answer the question below for the bike company, Rad Power Bikes. Marketing Strategy a. The chosen strategy should fit the market and competitive conditions faced by the product and its strategic...
Study smarter with the SolutionInn App