Galaxy Company has added a crypto fund. The high-risk fund will earn a significant risk-reward return rate

Fantastic news! We've Found the answer you've been seeking!

Question:

Galaxy Company has added a crypto fund. The high-risk fund will earn a significant risk-reward return rate of 24% per year, compounded monthly. Find how long it will take $ 9000 invested in this fund to become $ 18000

Posted Date: May 17, 2024 07:06 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Up until the time of the COVID-19 crisis, what has been the basis of Lenovo's competitive advantage? How has it managed to leverage its global operations to increase both market share and efficiency?...
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
Which of the following is not one of the techniques used in webmining? a. Content mining b. Structure mining c. Server mining d. Usage mining e. Data mining Which of the following would you use to...
Susan, I have just seen the quarterly P& L. Its great that we exceeded our billed hours and revenue targets. But why, with higher revenues, is our bottom line less than half of what we had budgeted....
The vibrational modes of KrF 2 are at 590, 449 and 233 cm 1 . Explain why only the bands at 590 and 233 cm 1 are observed in the IR spectrum of gaseous KrF 2 .
$4-5 \times 6$ Perform the indicated calculation.
a. Do you agree with the controllers recommendation? Why or why not? b. Formulate an LP model for this problem. c. Create a spreadsheet model for this problem and solve it using Solver. d. What is...
Farrell Ltd inventory activity for June is shown below. Farrell uses a perpetual inventory system: Date Transaction Units Unit cost Total cost 1 April Beginning 30 $28 $840 inventory 7 April Purchase...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st 2nd 3rd 4th Quarter Quarter...
Organization confrontation meetings and intergroup conflict resolution interventions share the objective of addressing workplace conflicts but differ in scope and focus. A confrontation meeting...
The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 2nd Quarter...
Platinum Tuition has provided the following extract from a cost report for the six months from January to June. Management considers the activities in these six months as within the relevant range...
The Widget Store is considering the addition of a new awesome device. Expected sales and costs for the new device: Annual production and sales 3 , 0 0 0 units Selling price per unit ...
S Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $940, and the book value prior to the repair was $4,810. In addition, the company spent $6,500 to...
1- Bernard Callebaut operates a chocolate shop in Kensington. The annual demand for chocolate-covered cherries is 2,500 units. The setup cost is $15 per order. The holding cost per unit per year is...
Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment...
Question: Marvin asks Sheila, a qualified auto mechanic, to fix his engine, which constantly stalls (stops) while driving. When Marvin returns, Sheila informs him that the engine is now "Perfect-runs...
2. Joya is the head of the personal insurance division of a large insurance company. Six months before, she was almost promoted to vice-president, but she lost out to Bill, a colleague from another...
4. Mark is an executive for a multinational office equipment company that would like to enter the potentially vast Chinese market. The official tariffs on office equipment imported into China are so...

Galaxy Company has added a crypto fund. The high-risk fund will earn a significant risk-reward return rate

Question:

Expert Answer:

Students also viewed these mathematics questions