In what period of time will money triple at 10% compounded semi-annually?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
Let PV 1 FV 3 i 50 005 C Y 2 3 ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ 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
-
(a) How many years will it take for $7500 to accumulate to $9517.39 at 3% compounded semi-annually? (b) Over what period of time will money triple at 9% compounded quarterly? (c) How many years will...
-
Find the present value (rounded to the nearest dollar) of: 1. $55,000 due in 4 years at 6% compounded annually. 2. $15,000 due in 6 years at 4% compounded semiannually. 3. $100,000 due in 5 years at...
-
Compute the future value (rounded to the nearest dollar) of the following investments: 1. $15,842 invested to earn interest at 6% compounded annually for 4 years. 2. $30,920 invested to earn interest...
-
Abhishek Ltd. is manufacturing cotton clothes. It has been consistently earning good profits for many years. This year too, it has been able to generate enough profits. There is availability of...
-
The lingering economic crisis has cost America trillions of dollars in lost wealth and also has levied a heavy toll on the national psyche (The Wall Street Journal, December 21, 2009). According to a...
-
Suppose you borrow $260,000 at 5.25% for 30 years, monthly payments. You pay 2 discount points. A. Your APR on this loan is 5.625%. What amount of other financing fees did you pay? B. Suppose that...
-
DeLaval turbine is a/an _____.
-
Lynch Freight Company owns a truck that cost $30,000. Currently, the trucks book value is $18,000, and its expected remaining useful life is four years. Lynch has the opportunity to purchase for...
-
Did the government have an easy time convicting Elizabeth Holmes?
-
The stress tensor in MPa for a three-dimensional system for some x, y z axis system is 20 40 -30] 25 40 30 L-30 25 -10] (a) Confirm that one of the principal stresses is 65.333 MPa, hence find the...
-
Find the equated date at which two payments of $600 due four months ago and $400 due today could be settled by a payment of $1100, if interest is 7.25% compounded semi- annually.
-
In how many years will money double at 8% compounded monthly?
-
A group of oligosaccharides called Schardinger dextrins can be isolated from Bacillus macerans when the bacillus is grown on a medium rich in amylose. These oligosaccharides are all nonreducing. A...
-
Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable income of $31.000. Tax rate 10% 2020 Federal Tax Rates for Individuals Taxable Income Bracket SO to $9875...
-
A 47-kg pole vaulter running at 10 m/s vaults over the bar. Her speed when she is above the bar is 1.5 m/s. Neglect air resistance, as well as any energy absorbed by the pole, and determine her...
-
1.Changes in income can impact our consumption choices. As one's income fluctuates, they may also get more joy out of some goods and less from others. Respond to each of the following in 2-3 complete...
-
Consider the inverse demand function below for a market with 2 dominant firms: P=600-3(Q 1 +Q 2 ) Assume that both firms have identical marginal costs: $300, yet one of them, Firm 1, is the leader...
-
1. there are two different schools of thought on how to lower gasoline prices and reduce U.S. dependence on foreign oil. One is to increase supply of oil (drilling offshore), and the other is to...
-
Evaluate each of the functions at the given value of x. f (x) = | x|,x = 10 -2
-
True & False The basis of an asset must be reduced by the depreciation allowable, 2. Adjusted gross income (AGI) is the basis for a number of phase-outs of deductions. 3. A change to adjusted gross...
-
Use the formula or a calculator application to find the monthly payment on a home mortgage of $249,500 at 5.389% interest for 30 years?
-
How does a mortgage relate to a sinking fund?
-
Owen is closing a real estate transaction on a farm in Yocona, Mississippi, for $385,900. His mortgage holder requires a 25% down payment and he also must pay $60.00 to record the deed, $ 1 (X) in...
-
You have $36,000 to Invest in Sophie Shoes, a stock selling for $60 a share. The initial margin requirement is 65 percent. calculate your rates of return if the stock rises to $90 a share and if it...
-
New Flyer Industries has decided to expand its production of hybrid transit buses. The firm expects incremental cash flows of? $40 million per year for the next 10 years. The upfront cost of the...
-
Calculate the mean, mode, median, standard deviation, and range for the Graduation Rate, Salary After Completing Program, and Annual Cost. our response to each of these should include only the mean,...
Study smarter with the SolutionInn App