How long will it take to double your money at an interest rate that is < <

Question:

How long will it take to double your money at an interest rate that is << 100% starting with the expression F = P(1 + r)N? ln(1 + r) ≈ r if r << 1 and log (x)^N = N log (x)

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

Step by Step Answer:

Related Book For book-img-for-question

Exploring Engineering An Introduction to Engineering and Design

ISBN: 978-0123747235

2nd edition

Authors: Philip Kosky, George Wise, Robert Balmer, William Keat

See More Books

Question Posted: Sep 16, 2020 08:03 AM

See More Questions

1) how long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of 4%/year compounded monthly? (Round your answer to one decimal place.) 2) Find the interest rate...
How long will it take to double your money with a growth rate of 5 percent and 12 percent respectively? (Obj. 3)
The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is a. 9%? b. 12% compounded monthly?...
As the marketing manager for a local shopping center, you are asked to prepare a report outlining the external influences that should be considered in the situation analysis. Describe each category...
ln(x)/(1 + x) for positive x. Do not solve for the maximum, just show that there must be one. Sketch graphs of the following functions. Find all critical points, and state whether they are minima or...
In what ways does the Arrhenius equation provide insight into the temperature dependence of reaction rates, and how does it relate to concepts such as the frequency factor and activation energy...
In a binomial tree with $n$ steps, let $f_{j}=f_{u \ldots u d \ldots d}(j$ times $u$ and $n-j$ times $d$ ). For a European Call option expiring at $T=n \Delta t$ with strike $K$, show...
Ag Bio Tech (ABT) was organized on January 1, 2013, by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of common stock. To date, they are the only...
Explain the three main types of agglomeration effects. What difficulties exist in identifying those different classifications? Which examples of industrial clusters in your region (Where you are now,...
In the island nation of Autarka, there are two amusement parks: Alfonso's Wonderland and Bernice's Wild Rides. The amusement parks are located at either end of the island, 1km apart. Recently, a...
Use the NPER Excel function to determine how long it will take to triple your $500,000 investment if you earn 11.3 percent interest?
Compare the answer to Exercise 10 with the Rule of Seventy described in Exercise 13. Exercise 13. How long will it take to double your money at an interest rate that is < < 100% starting with the...
Add or subtract as indicated. Add. -6y + 8y + 5 9y + 4y - 6
Find Ex by adding all of the values of the observations together. Then use that number to calculate the sample mean. Recall that n = 9. (Round your answer to four decimal places.) X = Ex n (No...
Order each group of quadratic functions from widest to narrowest graph. 7.)--2--4y=-3x 8. y=x,y=3r,y= Graph each function. 9.(x)-x-3 10.x)-x-5 11.
Implement the following circuit in LTSpice using the 2N2222 NPN transistor, R1 = 2.2kOhms, R2 = 100 Ohms and +Vcc = 15 V. 18 = Ic= R1 www 03 Beta= 2N2222 is a general purpose 40V 600mA silicon NPN...
For u(x,t) defined on the domain of 0 x 1 and t 0, find the full solution for the PDE, Ju x at with the boundary conditions: (i) u(0, t) = 0, (ii) u(1,t) = 0, (iii) u(x,0) = sin(2x) + sin(3x). In...
Prove the last law? The angles made with the plane of the interface are found from E.az |E|cos(90- 8) = 5= 38 sin 0 0 = 54.2 Ey.a, = |E2|\cos(90 02) 2=V17sin0, s 0= 29.0 A useful relation can be...
A man stands at the midpoint between two speakers that are broadcasting an amplified static hiss uniformly in all directions. The speakers are 30.0 m apart and the total power of the sound coming...
Kims Konstructions has assembled the following data for a proposed straw-reinforced brick maker (SRBM): SRBM Cost: $26,000 Life: 5 years Revenue (p.a.) $11,000 Operating Expenses (p.a.) $3,000...
Refer to Figure 16.16b. Given H = 6 m, a' = 1.5 m, ' = 2.0 m, and q = 40 kN/m 2 , find the magnitude and location of the resultant load on the wall. Figure 16.16 Figure 16.16 Line load. g/unit length...
Refer to Figure 16.17. Given H = 6 m, = 18.5 kN/m 3 , ' = 33, ' = 22, c' = 0, = 10, and = 80, use Eqs. (16.50) and (16.51) to determine the magnitude of the active thrust on the wall, assuming...
Redo Problem 16.16 using Eqs. (16.52) and (16.56) to determine the magnitude and location of the active thrust on the wall. Problem 16.16 Refer to Figure 16.17. Given H = 6 m, = 18.5 kN/m 3 , ' =...
How do change interventions leverage advanced methodologies such as appreciative inquiry, design thinking, and complexity science to foster a holistic understanding of change dynamics, unlock latent...
what extent do change interventions leverage digital technologies, data analytics, and artificial intelligence to enhance change effectiveness, monitor change progress, and facilitate real-time...
Consider a project that requires spending of $15,000 immediately and generates $6,000 per year for the next 4 years (assume each $6,000 comes at the end of each year).What is the NPV of this project?...

How long will it take to double your money at an interest rate that is < <

Question:

Step by Step Answer:

The answer to this question depends on the values of P r and N To double your money the ...View the full answer

Exploring Engineering An Introduction to Engineering and Design

Students also viewed these Engineering questions