How long does it take $450 to double at a simple interest rate of 14%?
Question:
How long does it take $450 to double at a simple interest rate of 14%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
A P1rt A Future 4502 900 P Principal 450 R Rate 1...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
How long does it take $450 to double at a simple interest rate of 100%?
-
The time it would take for money to double at a simple interest rate of 5% per year is closest to: (a) 10 years (b) 12 years (c) 15 years (d ) 20 years
-
(a) At a simple interest rate of 12% per year, determine how long it will take $5000 to increase to twice as much. (b) Compare the time it will take to double if the rate is 20% per year simple...
-
A gaseous hydrocarbon (containing C and H atoms) in a container of volume 20.2 L at 350 K and 6.63 atm reacts with an excess of oxygen to form 205.1 g of CO2 and 168.0 g of H2 O. What is the...
-
For the single-period evolution given in the preceding figure, consider an American put option with maturity date 1 and strike price k = $0.94 on the three-period zero-coupon bond. What is the...
-
After recording depreciation for the current year, Media Mania Incorporated decided to discontinue using its printing equipment. The equipment had cost $750,000, accumulated depreciation was...
-
Robert Shapiro was the owner and CEO of Woodbridge, a supposed investment firm. Woodbridges main business model was to solicit money from individuals to invest in low-risk and conservative...
-
Inventory management and the balanced scorecard. Devin Sports Cars (DSC) has implemented a balanced scorecard to measure and support its just-in-time production system. In the learning and growth...
-
Kevin made two investments over the past two years. His first investment wasabaseball card thatcost$50.00,whichhe sold three months later for$55.00.The second wasashare of stockinastart-upcompany....
-
As part of their CFO Insights series, Deloitte published a report on hidden foreign exchange (FX) risk in 2016. In it, Deloitte note that, "With the US dollar's continued strength against other major...
-
Linda has d dollars in an account that pays 1.4% interest, compounded weekly. She withdraws w dollars. Express her first weeks interest algebraically.
-
In parts ak below, write the equations that result when you follow the steps to use the systematic withdrawal formula to determine how long it will take for a savings account to reach $0. The account...
-
Provide a 95% confidence interval for the parameters of the regression line? Table 11.18: 90th percentile of SBP in boys ages 117 of average height
-
Having reviewed the major appraisal techniques, rank them in order of importance from your point of view.
-
Your computer manufacturing firm must purchase 12,000 keyboards from a supplier. One supplier demands a payment of $144,000 today plus $12 per keyboard payable in one year. Another supplier will...
-
Identify a major personality test and assess its usefulness in an employment setting.
-
In what way does the type of reward system known as payment by results differ from performance-related pay?
-
What steps can the business executive take to attract the attention of the target audience?
-
Show from the table in Test Yourself Question 2 that for the water company, marginal revenue (per 50,000-gallon unit) is always less than price.
-
An investor sells a European call on a share for $4. The stock price is $47 and the strike price is $50. Under what circumstances does the investor make a profit? Under what circumstances will the...
-
A deferred payment plan is also similar to an installment plan, except there are very low monthly payments until the end of the agreement. At that point, the entire purchase must be paid in full. If...
-
Lillian purchased a guitar from Smash Music Stores. It regularly sold for $670, but was on sale at 10% off. She paid 8% tax. She bought it on the installment plan and paid 15% of the total cost with...
-
Jean bought a $1,980 snow thrower on the installment plan. The installment agreement included a 10% down payment and 18 monthly payments of $116 each. a. How much is the down payment? b. What is the...
-
Do you think the five levels of the IBM analytics maturity model are hierarchical? Why, or why not?
-
How can effective communication address these disparities to mitigate the risk of social loafing? In diverse teams, how might cultural differences influence perceptions of individual roles and...
-
Provided below are summary statistics for independent simple random samples from two populations. Use the pooled t-test and the pooled t-interval procedure to conduct the required hypothesis test and...
Study smarter with the SolutionInn App