If you were offered $ 1969.10 12 years from now in return for an investment of $700currently,

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

Question:

If you were offered $ 1969.10 12 years from now in return for an investment of $700currently, what annual rate of interest would you earn if you took the offer?

Posted Date: Oct 04, 2021 09:01 AM

See More Questions

What is the problem with making cost estimates too conservative or too aggressive?
How serious is the problem of an employee who violates criminal laws? How should the employee be dealt with?
What is the problem with an auditor over relying on management's representations on the financial statements?
(1.71, 2.05) Use the confidence interval to find the margin of error and the sample mean.
Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayces accounts receivable: align="center"> Cindy indicates that the $126,700 of accounts...
Brook Company purchased 70 Meissner Company 12%, 10-year, $1,000 bonds on January 1, 2012, for $73,000. Brook Company also had to pay $500 of brokers fees. The bonds pay interest semiannually on July...
A negatively charged particle located at the origin of an $x y z$ coordinate system is spinning clockwise about the $x$ axis (that is, clockwise when you look at the particle while standing...
Baird Products Inc., a wholesaler of office products, was organized on January 30 of the current year, with an authorization of 80,000 shares of 2% preferred stock, $75 par and 800,000 shares of $20...
31 The number of protons, electrons and neutrons in aluminium ion Al+ is Protons A. 27 B. 13 C. ABCD 32 32. D. 13 10 Electron 27 neutrons 14 14 14 10 14 17 14 The formula of the compound formed...
Finisterra, S.A., located in the state of Baja California, Mexico, manufactures frozen Mexican food which enjoys a large following in the U.S. states of California and Arizona to the north. In order...
Explain Transfer Pricing describe the advantages of negotiated transfer pricing and discuss the international aspects of transfer pricing You must use real world examples to support your discussions...
Name the goals of business communicators in conveying negative news, and explain how they can achieve these goals.
As a vice president of a financial services company, you serve many clients, and they sometimes ask your company to contribute to their favorite charities. You recently received a letter from Mia...
Your frequent flyer miles expire on December 31 because you have earned no qualifying segments during this calendar year. However, you could keep your miles if you apply for our Northeastern credit...
An e-mail announcing introducing a new manager: a. Please welcome our new HR manager, Kristi Bostock, who comes from our Chicago office. Kristi is a 17-year management veteran with a strong focus on...
Like most consumers, you have probably occasionally been unhappy with service or with products you have used. Your Task. Select a product or service that has disappointed you. Write a claim letter...
Bob is a single father of three kids all under the age of 10. He works full time at the local factory. His youngest child- Tony- (age 4) is having trouble in the local preschool. Tony will not follow...
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
True or False: The capital recovery cost is the uniform annual cost of the investment less the uniform annual worth of the salvage value.
When using annual worth to evaluate the attractiveness of a single alternative, what value is the calculated AW compared to? a. PW b. FW c. 0.0 d. MARR
True or False: If AW > 0, then PW > 0, and FW > 0.

If you were offered $ 1969.10 12 years from now in return for an investment of $700currently,

Question:

Expert Answer:

Step 12 given amount to be invested today is 700 Given you will receive after 12 years is 19691... View the full answer

Students also viewed these electrical engineering questions