What is compounding? Explain the rule of 72.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
Interest is earned over a given period of time When interest is compounde...View the full answer
Answered By
Sultan Ghulam Dastgir
The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
Question Posted:
Students also viewed these Corporate Finance questions
-
Rule of 69.3 a corollary to the Rule of 72 is the Rule of 69.3. The Rule of 69.3 is exactly correct except for rounding when interest rates are compounded continuously. Prove the Rule of 69.3 for...
-
Explain the Rule of 72.
-
The rule of 72 states that if rate * time = 72, your investment will double. Referring to the example if $1000 grows to $2000 in ten years, you see that this is a double. Thus, rate * time = 72. Plug...
-
Macmillan Learning A Geiger-Muller tube is a type gas-filled radiation detector. It can detect particles like X-rays, alpha particles, and beta rays (electrons). This is useful in quantizing the...
-
Two different fuels can be used in a heat engine operating between the fuel burning temperature and a low temperature of 350 K. Fuel A burns at 2200 K delivering 30 000 kJ/kg and costs $1.50/kg. Fuel...
-
Identify three companies with which you are familiar that are using the Web to conduct business. Describe their use of the Web.
-
Isabella Lopez plans to open a company that will design and manufacture accessories for smartphones. In preparing to do this, she read that having a clearly articulated business model will help all...
-
If a firm went from zero debt to successively higher levels of debt, why would you expect its stock price to first rise, then hit a peak, and then begin to decline?
-
1. Identify products A and B 2. 3. CH3 dil. KMnO4 CrO3 A- B 273 K CH3 CH3 (A) A: OH B: OH OH CH3 CH3 (B) A: OH OH B: (C) A: OHCCH,CH,CH, CCH, B: HOOCCH,CH,CH, CH3 CH3 (D) A: B: OH -CH3 The electrode...
-
Helix Company produces costumes used in the television and movie industries. Recently the company received an ongoing order for Samurai robes to be worn in an upcoming Japanese historical action...
-
Why is it important to use time value of money concepts in setting personal financial goals?
-
When might you use future value? Present value? Give specific examples.
-
Show that the definite integral is equal to and then evaluate the limit. lim, R 00
-
The psychodynamic approach to leadership can help leaders and subordinates better understand each other, which can help facilitate a better working relationship. How can a personality inventory such...
-
Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 1 0 0 percent of the corporation s stock. The property transferred to the...
-
Diveston Inc. purchased 1 , 0 0 0 bags of insulation, on account, from Warmco, Inc. The bags of insulation cost $ 4 . 2 5 each. Diveston paid Giacamini Transporation $ 2 7 6 to have all 1 , 0 0 0...
-
Both hard copy and electronic records can be utilized for keeping track of lost and found items. The choice between the two depends on the organization's preferences, resources, and convenience. Give...
-
Problem 6 (13 marks) The Warren Buffett NCAA March Madness Bracket Challenge is an annual contest that awards any Berkshire Hathaway employee who can pick every first and second round game correctly...
-
In our discussion of departure functions we derived Eqn. 8.14 for the internal energy departure for any equation of state. (a) Derive the analogous expression for (C V - C V ig )/R. (b) Derive an...
-
Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...
-
Adair, Metz, and Bao have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners...
-
Using the stock quotations in Exhibit 11.5, find the 52-week high and low for Nucors common. What is the stocks latest dividend yield? What was Nucors closing price, and at what P/E ratio was the...
-
Using a resource like The Wall Street Journal or Barrons (either in print or online), find the latest values for each of the following market averages and indexes, and indicate how each has performed...
-
Why do you suppose that large, well-known companies such as Oracle, Starbucks, and Nextel prefer to have their shares traded on the NASDAQ rather than on one of the major listed exchanges, such as...
-
For her dissertation, Catherine wanted to study the role of women in management positions in organisations. In particular, she was interested in difficulties women experience in management positions....
-
Hattersley Electrics is a division of the Hattersley Group PLC, a United Kingdom based manufacturing conglomerate whose main markets were, until recently, the high tech aerospace and the defence...
-
The Town Manager has asked you to organize a Local Emergency Action Planning Committee (LEAPC), Who do we Invite? Lets open the discussion up to who we might what to invite and why?
Study smarter with the SolutionInn App