John invests $200 at 4.5% compounded annually. About how long will it take for Johns investment to
Question:
John invests $200 at 4.5% compounded annually. About how long will it take for John’s investment to double in value?
(A) 6 yrs
(B) 9 yrs
(C) 12 yrs
(D) 16 yrs
(E) 20 yrs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
invests 200 at 45 comp...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Calculus Graphical, Numerical, Algebraic
ISBN: 9780132014083
3rd Edition
Authors: Ross L. Finney, Franklin D. Demana, Bert K. Waits, Daniel Kennedy
Question Posted:
Students also viewed these Mathematics 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 $400 to grow to $1,000 at the following interest rates? a. 4% b. 8% c. 16%
-
How important is the ability of international managers to undertake cultural interpretation work to the subsequent success of international strategies?
-
Define what is meant by the term core competency. How does it differ from a skill?
-
SFAS No. 144 dealt with asset retirement obligations. Provide a summary of this statement. Additionally, list the implementation issues addressed by the EITF for asset retirement obligations.
-
Explain medical staff organization and committee structure.
-
Hitech Appliance Company's accountant has been reviewing the firm's past television sales. For the past two years, Hitech has been offering an extended service contract on all televisions sold. With...
-
Determine whether these are valid arguments. a) If x is a positive real number, then x is a positive real number. Therefore, if a is positive, where a is a real number, then a is a positive real...
-
A solid plastic sphere falls towards the Earth. The diagram below shows the speed-time graph of the fall up to the point where the sphere hits the Earth's surface. a. Describe in detail the motion of...
-
The pressure p experienced by a diver under water is related to the divers depth d by an equation of the form p = kd + 1 (k a constant). When d = 0 meters, the pressure is 1 atmosphere. The pressure...
-
In Exercises write a piecewise formula for the function. 2 (2.1) 2 5
-
Describe the ergonomic features in the automobile that you drive most often. If it is an older model, visit a new-car showroom and contrast those features with those found in some newer models.
-
Let X t = b t + W t + Z t X t = b t + W t + Z t where W W is a Brownian motion and Z t = N t k = 1 Y k Z t = k = 1 N t Y k a ( , F ) ( , F ) -compound Poisson process independent of W W . The...
-
You measure the period of light clock \(A\) to be \(T\) as it moves relative to you with a speed \(0
-
Now expand your sample to a group of economies, such as OECD (Organisation for Economic Co-operation and Development) countries, G7, European Union, Eurozone, BRICS countries (Brazil, Russia, India,...
-
There is a growing list of publicly available online resources for consolidated banking statistics and macroeconomic data, including: BIS statistics, Bank for International Settlements, available at...
-
In a speech in September 1975, Fed Chair Arthur Burns said the following: There is no longer a meaningful trade-off between unemployment and inflation. In the current environment, a rapidly rising...
-
Product Verification For the given 2 ( 2 matrices A and B, show directly (by finding the product AB) that |AB| = |A| |B| 1. 2. 0 2 3 T0 07 1 2 2J 0
-
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
-
Implement the test in Problem 8.99, and report a p-value? Endocrinology A study was performed to determine the effect of introducing a low-fat diet on hormone levels of 73 postmenopausal women not...
-
Provide a 95% CI for the change in mean log10 (plasma estradiol)? Endocrinology A study was performed to determine the effect of introducing a low-fat diet on hormone levels of 73 postmenopausal...
-
Construct a two-sided 90% CI for the mean change score for retired women. What does it mean? Health Promotion A study looked at the influence of retirement on the level of physical activity among...
-
Under what conditions would the National Building Code (N.B.C.) be used, as opposed to the Ontario Building Code (O.B.C.)?
-
Each month I have to lie on my expense report in order to get reimbursed for an honest business lunch," is example of?
-
Secondary Analysis: This week visit the Keizer Online Library and find a full-text article on secondary analysis in research. Find a full-text article, download it, highlight it, and upload it to the...
Innovative Strategies For Implementing FinTech In Banking 1st Edition - ISBN: 1799832570 - Free Book
Study smarter with the SolutionInn App