How long will it take $400 to accumulate to $760 at 7% p.a. compounded semi-annually?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
PV 40000 FV 76000 I Y 7C Y 2 i 35 0035 ...View the full answer
Answered By
Felix Mucee
I am a detailed and thorough professional writer with 5 years of administrative experience- the last 2 years in academic writing and virtual office environment. I specialize in delivering quality services with respect to strict deadlines and high expectations. I am equipped with a dedicated home office complete with a computer, copier/scanner/fax and color printer.
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past five years. I can bring value to your business and help solve your administrative assistant issues.
4.70+
13+ Reviews
33+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
-
How long will it take to double an investment of $ 4,300 if the investment can generate an 8 percent return that is compounded semiannually?
-
To the nearest month, how long will it take an investment to increase in value by 200% if it earns 7.5% compounded semiannually?
-
Following are financial statements (historical and forecasted) for the Global Products Corporation. A. Assume that the cash account includes only required cash. Determine the dollar amount of equity...
-
Is it defense or offense that wins football games? Consider the following data, which include a teams winning record (Win), the average number of yards gained, and the average number of yards allowed...
-
Public Compromat, Inc. uses activity - based costing and wants to adopt approximated ABC, using the two largest cost pools. The firm's current budgeted activity cost pools are as follows. Preplanning...
-
Describe propeller twist and its purpose.
-
Jocassee Furniture Manufacturing, Inc., has a division in the United States that produces and sells furniture for discount furniture stores. One type of dining room set is made in the International...
-
Four full adders are employed to form a 4-bit circuit shown in the below figure. Interpret the function of control line C and the outputs R3-Ro & R4. Assume that A & B are unsigned integers and A>B....
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
Miranda has $1000 to invest. She has narrowed her options to two four-year certificates: A and B. Certificate A pays interest at 8% p.a. compounded semi-annually the first year, 8% p.a. compounded...
-
In purchasing his brothers car, Mahood agreed to take over the payment obligations. Three payments were required: $8000 in 2 months, $1600 in 5 months, and $4500 in 13 months. The current bank...
-
Display the graphs of the given function on a calculator. i = 1.2(2 + 6 t )
-
SUMMARY OUTPUT Regression Statistics Multiple R 0.945364 R Square 0.893714 Adjusted R 0.88812 Standard E 1.211465 Observatic 61 ANOVA Regression Residual Total df SS MS F 3 703.4257 234.4752 159.7625...
-
Identify the Organizational Theory In this theory, decisions are guided by a logic of appropriateness, matching problems to actors who have procedures for handling those problems (routine-process...
-
9. Describe how the motion of object 1 is different from object 2 10 Sketch the velocity graph for each of the objects. Tel t(s) (SA) A 118) ximi (0) aty
-
22.) Provide the following information for the mercury ion, Hg2 (12 points total) (A) Full electron configuration (B) Configuration with noble gas notation (C) Full set of quantum numbers for the...
-
Using the graph below, answer the following questions about hammers. Price $22 14 10 LO 5 50 90 Domestic Supply World Price Domestic Demand 135 Quantity a. Once trade is allowed does this country...
-
Use the laws of exponents to compute the numbers. 6 1/3 6 2/3
-
On April 29, 2015, Auk Corporation acquires 100% of the outstanding stock of Amazon Corporation (E & P of $750,000) for $1.2 million. Amazon has assets with a fair market value of $1.4 million (basis...
-
Find the amount that should be set aside today to yield the desired future amount. Use table 13 - 3 or the present value formula? Future amount needed Interest rate 6% 3% Future amount needed 5 EXCEL...
-
Manually calculate the compound interest on a loan of $200 at 6% compounded annually for four years?
-
Manually calculate the compound interest on a loan of $2,000 at 7% compounded annually for three years?
-
You observe the price of a latte changes from $4 to $5. Instructions: Round your answer to one decimal place. If you are entering a negative number include a minus sign. a. What is the percentage...
-
Layer 2 switches work at a simple level for communication and switching. With technology advancing and routers being able to make more complex decisions, why is this method still used?
-
Explore the significance of intermedial allusions in multimedia storytelling, such as in graphic novels or hypertext fiction, and their implications for narrative coherence and interpretation.
Study smarter with the SolutionInn App