To what amount would $12,100 grow after 3 1/4 years if it earned 7.5% compounded 4 monthly?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
per month n m Term in year...View the full answer
Answered By
Irfan Ali
I have a first class Accounting and Finance degree from a top university in the World. With 5+ years experience which spans mainly from the not for profit sector, I also have vast experience in preparing a full set of accounts for start-ups and small and medium-sized businesses. My name is Irfan Ali and I am seeking a wide range of opportunities ranging from bookkeeping, tax planning, business analysis, Content Writing, Statistic, Research Writing, financial accounting, and reporting.
4.70+
249+ Reviews
530+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
Steve Allen invested $10,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund...
-
Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund...
-
Victor Romano invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund...
-
In April 1999, one of Capital Blue Cross' health-care insurance plans had been in the field for three years, but hadn't performed as well as expected. The ratio of premiums to claims payments wasn't...
-
Differentiate between forward-based derivatives and option-based derivatives.
-
A pet food company has a business objective of expanding its product line beyond its current kidney- and shrimp-based cat foods. The company developed two new products, one based on chicken liver and...
-
The tube is made of copper and has an outer diameter of \(35 \mathrm{~mm}\) and a wall thickness of \(7 \mathrm{~mm}\). Determine the eccentric load \(\mathrm{P}\) that it can support without...
-
Jack and Maggie Turton bought a house in Jefferson County, Idaho, located directly across the street from a gravel pit. A few years later, the county converted the pit to a landfill. The landfill...
-
Create and Design a form as given below: (5 Marks) Land Of Boxes Order Form Pomode 200 Credit Card Details Cad Part Neer Quantity Unit Price tal F 310 13500 305 2400 320 330 Cadabr Delivery Address p...
-
According to the nonprofit group Zero Population Growth, 78% of the U.S. population now lives in urban areas. Scientists at Princeton University and the University of Wisconsin report that about 15%...
-
What is the maturity value of $5000 invested at 6.0% compounded semiannually for seven years?
-
What was a $4400 investment worth after 6 3/4 years if it earned 5.4% compounded monthly?
-
Show that if S, I, and R satisfy the differential equations in Problem 1, the total population, S + I + R, is constant. Data from in problem 1 Let I be the number of infected people and S be the...
-
Deduce that the linear transformation \(Y \mapsto L Y=\hat{\mu}=X \hat{\beta}\) is a projection \(\mathcal{H} ightarrow \mathcal{H}\), but not an orthogonal projection unless \(Q...
-
What are some of the more commonly used forms of guerrilla marketing?
-
Ordinarily, Wald's likelihood ratio statistic is essentially the same as Wilks's statistic, which in one-parameter problems, is the squared ratio of the estimate to its standard error. But there are...
-
What is one of guerrilla marketings biggest strengths?
-
What are the major differences between designing for mobile and tablets?
-
Is there a difference in the family demographics of people who stay at hotels? Suppose a study is conducted in which three categories of hotels are used: economy hotels, modestly priced chain hotels,...
-
Assume that your audit team has established the following parameters for the examination of ELM's sales transactions: LO G-3 Risk of incorrect acceptance...
-
Consider the following situation. Year Cash Flow 0................................-$200 1.................................+400 2..................................-100 What is the rate of return?
-
An investor is considering two mutually exclusive projects. He can obtain a 6% before-tax rate of return on external investments, but he requires a minimum attractive rate of return of7% for these...
-
In January, 2003, an investor purchased a convertible debenture bond issued by the XLA Corporation. The bond cost $1000 and paid $60 per year interest in annual payments on December 31. Under the...
-
A proton (mass of 1.67 x 10-27 kg) is moving at 1.25 x 106 m/s directly toward a stationary helium nucleus (mass 6.64 x 10-27 kg). After a head-on elastic collision, what is the velocity of the...
-
The December 31, Year 4, balance sheet for Vernon Corporation is presented here. These are the only accounts on Vernon's balan sheet. Amounts indicated by question marks (?) can be calculated using...
-
Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was...
Study smarter with the SolutionInn App