How long will it take for $10,000, invested at 5% per year, compounded continuously, to triple in

Question:

How long will it take for $10,000, invested at 5% per year, compounded continuously, to triple in value?

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

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

See More Books

Question Posted: Mar 01, 2010 04:42 AM

See More Questions

How long will it take for monthly payments interest rate on the loan is: a. 6% compounded monthly? b. 7% compounded monthly? c. 8% compounded monthly? d. 9% compounded monthly
How long will it take for monthly payments interest rate on the loan is: a. 7.5% compounded annually? b. 7.5% compounded semiannually? c. 7.5% compounded quarterly? d. 7.5% compounded monthly?
How long will it take for money invested at 7.39% compounded continuously to double?
Solve Problem using augmented matrix methods. Use a graphing calculator to perform the row operations 5.7x1 - 8.55x2 = -35.91 4.5x1 +5.73x2 = 76.17
Why do IRBs exist and how do they impact biomedical, behavioral and clinical research activities?
Sanchez Trucking has been experiencing delays at its warehouse operations. Management hired a consultant to find out why service deliveries to local businesses have taken longer than they should. The...
Suppose that you make an investment that will cost $\$ 1,000$ and will pay you interest of $\$ 100$ per year for the next 20 years. Then at the end of the 20 years, the investment will pay $\$...
Television Broadcasting, Public television station KQED in San Francisco broadcasts a sinusoidal radio signal at a power of 316 kW. Assume that the wave spreads out uniformly into a hemisphere above...
complex, yet a critical part of getting a product or service to the direct user. No amount of marketing will make up for the inability to obtain a desired item. This week's required resource is the...
Kareem Merchandise has several warehouses for its inventory located around the United States. The companys controller has imported its inventory records into Excel. The following is a sample of the...
Michael Jacks deposited $500,000 into a bank for 6 months. At the end of that time, he withdrew the money and received $520,000. If the bank paid interest based on continuous compounding: (a) What...
A bank pays 10% nominal annual interest on special three-year certificates. What is the effective annual interest rate if interest is compounded? (a) Every three months? (b) Daily? (c) Continuously?
What are RMSs and how are they used?
Java program that Has an object class named RegOct that is a concrete subclass of the Shape class from attached chapter 4 attachments that represents an Regular Octagon . The class must include...
a) If an E. Coli bacteria has a length of L = 2.20m from tip to tip and has a cylindrical diameter d of 0.40 m (as shown), what are the surface area and volume of the bacteria if it is shaped as a...
The mass on the incline, m, has a mass of 10.2 kg. The hanging mass, m2, has a mass of 11.3 kg. What is the coefficient of static friction required to keep this system at rest if the incline is 30...
Lead and manage effective workplace relationships Develop cultural diversity and ethical practice policies and include them with your assessment. Your policies should demonstrate a recognition of the...
A proton (q=e= 1.602x10-19 C, m-1.67x10-27 kg) goes through a small hole in a negatively charged metal plate with an initial velocity of v 7.42x105 m/s at 0=11 degrees above the horizontal. The field...
By using the yield to maturity on AT&Ts debt, we found that its pretax cost of debt is 3.65%. If AT&Ts tax rate is 25%, what is its effective cost of debt?
What is a pay-as-you-go pension plan?
Define the following terms: bundle, contingent project, dependent project.
State two assumptions made when doing capital rationing using a PW analysis for unequal-life projects.
For independent projects identified as W, X, Y, and Z, develop all of the mutually exclusive bundles. Projects X and Y perform the same function with different processes; both should not be selected.
Using the following information: a. The bank statement balance is $3,048. b. The cash account balance is $3,300. c. Outstanding checks amount to $755. d. Deposits in transit are $809. e. The bank...
Determine the average tax rate and the marginal tax rate for each of the following instances: Use the Tax Tables for taxpayers with taxable income under $ 1 0 0 , 0 0 0 and the Tax Rate Schedules for...
A machine was bought on 1 st January 2 0 1 7 for $ 1 2 , 0 0 0 . The policy is to depreciate the machine at 1 0 % on reducing balance method at the end of each year, ending on 3 1 st December....

How long will it take for $10,000, invested at 5% per year, compounded continuously, to triple in

Question:

Step by Step Answer:

P 10000 F 30000 i 5 n F P e ...View the full answer

Engineering Economics

Students also viewed these Economics questions