How long will it take $5,000 to grow to $7,000 if it is invested at 6% compounded
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
We have P 5000 A 7000 r 6 006 m 4 and i ...View the full answer
Answered By
Ankit Mahajan
I am an electrical engineering graduate from Thapar institute of engineering and technology.
Qualified exams - GATE 2019,2020.
CAT EXAM 2021- 91.4 percentile
SSC EXAMS- 2019,2020,2021
AFCAT EXAM- 2019,2020,2021
I want to share my knowledge with other people so that they can achieve the same.
I have strong hold Mathematics, Electrical engineering and all the subjects related.
Just give me a problem and I will give you the solution of it.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Question Posted:
Students also viewed these Finance questions
-
How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of each month and the plan earns: a. 8% compounded monthly? b. 8% compounded quarterly? c. 8%...
-
How long will it take an RRSP to grow to $700,000, if it takes in month-end contributions of $1000 and it earns: a. 6% compounded monthly? b. 7% compounded monthly? c. 8% compounded monthly? d. 9%...
-
How long will it take an RRSP to grow to $600,000 if it receives a contribution of $2500 at the beginning of each quarter and it earns: a. 6% compounded quarterly? b. 7% compounded quarterly? c. 8%...
-
Pop Corporation acquired 80 percent of Son Corporation's common stock on January 1, 2016, for $420,000 cash. The stockholders' equity of Son at this time consisted of $300,000 capital stock and...
-
Afew years ago PeopleSoft announced that its second- quarter net income was down by nearly 70 percent. The companys CEO attributed the poor performance to an ongoing hostile takeover battle against...
-
(Three Differences, No Beginning Deferred Taxes, Multiple Rates) The following information is available for Rammers Corporation for 2010. 1. Depreciation reported on the tax return exceeded...
-
Identify three selling situations where a memorized sales presentation may be appropriate. Explain why they would be appropriate.
-
Renuka Jains Car Wash takes a constant time of 4.5 minutes in its automated car wash cycle. Autos arrive following a Poisson distribution at the rate of 10 per hour. Renuka wants to know: a) The...
-
Include a list of the principals involved in your business a mobile mechanic with a brief overview of how their particular skills will serve the business. Include accomplishments that relate to the...
-
My-law.com is a recent start-up trying to cater to customers in search of legal services who are intimidated by the idea of talking to a lawyer or simply too lazy to enter a law office. Unlike...
-
What is the annual percentage yield (APY) for money invested at an annual rate of (A) 3.05% compounded quarterly? (B) 2.95% compounded continuously?
-
How long will it take $42,000 to grow to $60,276 if it is invested at 4.25% compounded continuously?
-
What are the two most important considerations in choosing an idea for a new business?
-
Discuss the theoretical reasons underlying a phone companys decision about whether to outsource some of its customer-facing tasks, and identify the likely advantages and disadvantages of a decision...
-
What is the major purpose of NAFTA?
-
Why is an understanding of the buying behaviour of the customer insufficient for successful business marketing?
-
Which of the following should the fraud examiner never do when interviewing a hostile witness? a. Make promises or guarantees b. Offer an excuse for their conduct c. Point out any rewards d. Point...
-
How might a company making and distributing kitchen equipment segment the marketplace? Compare this with a company making kilns for the manufacturing process in the ceramics industry.
-
Jaden (single) has a traditional IRA to which he has made only deductible contributions. At the end of 2022, Jaden is 74 years old. Jadens required minimum distribution (RMD) from his IRA for 2022 is...
-
Solve Problem exactly without using a calculator. log 3 x 2 = 2 + log 9x
-
Solve Problem exactly without using a calculator. ln(x + 3) - ln x = 2 ln 2
-
Solve Problem exactly without using a calculator. ln(2x - 2) - ln(x - 1) = ln x
-
Many of us pay close attention to and interpret nonverbal messages more easily when communicating face to face, but in todays world, much of our communication is done virtually. Why is your ability...
-
A taxpayer who is an employee generally has what kind of taxes withheld from his wages? Explain
-
How do population genetics and molecular ecology contribute to our understanding of adaptive evolution, particularly in the context of rapidly changing environments and human-mediated disturbances?
Study smarter with the SolutionInn App