How long does it take for an account containing $8000 to be worth $15,000 if the money

Question:

How long does it take for an account containing $8000 to be worth $15,000 if the money is invested at 9% compounded monthly?

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

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 05:34 AM

See More Questions

How long does it take for $8500 invested at 11% annual simple interest to be worth $13,000?
How long does it take to y from Denver to Atlanta on Delta Airlines? The table below shows 56 observations on fight times (in minutes) for the first week of March 2005. (a) Use the grouped data...
How long does it take to fly from Atlanta to New Yorks LaGuardia airport? There are many components of the time elapsed, but one of the more stable measurements is the actual in-air time. For a...
a. Find the nth-order Taylor polynomials for the given function centered at the given point a, for n = 0, 1, and 2.b. Graph the Taylor polynomials and the function. f(x) = ln x, a e =
Assume that your proportions are the same as those in Table 7-1, and calculate the mass of one of your legs.
A journal entry is not recorded on what date? a. Date of declaration. b. Date of record. c. Date of payment. d. A journal entry is recorded on all of the above dates.
Suppose the total volatility of returns on a stock is 25%. A linear model with two risk factors indicates that the stock has betas of 0.8 and 1.2 on the two risk factors. The factors have volatility...
Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 2,000,000 shares issued; Paid-in Capital, $18 million; Retained Earnings, $11 million; and Treasury Stock, 60,000...
Why is it important before making decisions to know the price preferred by customers when making purchases? What happens when you make price decisions that are above the price range? How does this...
XYZ is a calendar-year corporation that began business on January 1, 2018. For the year, it reported the following information in its current-year audited income statement. Notes with important tax...
A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they have at 8% compounded quarterly, how long will it take for the money to grow into $45,000?
Mary Stahley invested $2500 in a 36-month certificate of deposit (CD) that earned 8.5% annual simple interest. When the CD matured, she invested the full amount in a mutual fund that had an annual...
If Karp had used FIFO instead of LIFO, its debt to equity ratio computed as of 31 December 2009 would have: A. increased. B. decreased. C. remained unchanged. John Martinson, CFA, is an equity...
A dining room set was ordered on August 12, paid for on August 15 and received August 21, and had discount terms of 2/10, n/30, ROG. What is the latest date the cash discount is allowed?
Round to the nearest cent. A director of accounts received a bill for for a $743, dated October 9, with sales terms 5/10, 3/20, n/30 . The bill was paid October 24. Find the cash discount and net...
The amount of customers entering the StopOne variety store per day is normally distributed with a mean of 100 and a standard deviation of15. About what percentage of the observations lie between 85...
A car can travel faster when the of a road is smaller. Let's assume that the speed around a curve is to the square root of the curvature. A car is moving along the path given by f ( x ) = x ( these...
Determine the variable, that is being squared, the exponent, the coefficient of why, the coefficient of Z , the constant, of the equation 5 x ^ 2 + 1 8 - 3 y + z - 2 2
Determine whether the statement is true or false. A C Let A = 52, 4, 6, 8, 10, 126, B = 52, 4, 8, 106, C = 54, 10, 126, D = 52, 106, and U = 52, 4, 6, 8, 10, 12, 146.
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
Find the derivatives of the following functions. g(x) = x2 cos(x).
Compute the derivatives of the following functions. Find the value of the function and the slope at 0, /2, and . Sketch a graph of the function on the given domain. How would you describe the...
Compute the derivatives of the following functions. Find the value of the function and the slope at 0, /2, and . Sketch a graph of the function on the given domain. How would you describe the...
1. A clothes dryer rates at 4000 W runs for 1.50 hours each day. it uses utility power at 240 V. how much current does the dryer use? 2. For the clothes dryer in the previous question, how much does...
A particle undergoing simple harmonic motion has a potential energy given by E/J=3(y/m) as it oscillates back and forth along the y-axis. When the y-coordinate of the particle is 0.75 m, what is the...
A 480-g iron pan is heated on a stove to a temperature of 130 C. The pan is then dropped into a partially-filled sink of water at 20 C. The final temperature reached by the sink and the pan is 40 C....

How long does it take for an account containing $8000 to be worth $15,000 if the money

Question:

Step by Step Answer:

S 15000 R 8000 n 12t and i 009 12 0007...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions