How long (to the next whole year) will it take money to triple if it is invested
Question:
How long (to the next whole year) will it take money to triple if it is invested at 13% compounded annually?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
Amit Choudhary
I'm new in this profession regarding online teaching but previously i used to teach students near my college. I am teaching on online platform since last year and got good support from the students. I'm teaching on platforms like chegg and vedantu and also at my home in free time.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
Question Posted:
Students also viewed these Mathematics questions
-
How long will it take money to triple if it is invested at 5% compounded daily? 6% compounded continuously?
-
How long (to the next whole year) will it take money to double if it is invested at 20% compounded annually?
-
1. Suppose that a $100,000 investment grows 3% during the first year and 4% during the second year. By what percent will it have grown after the 2-year period? (The answer is not 7%) 2. Rework...
-
Solve the equation symbolically. Then solve the related inequality. |2.1x0.7| = 2.4, 2.1x -0.7 2.4
-
The bookkeeper for Juaquin Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $400 is accrued. 2. Services provided but not recorded...
-
Determine whether each improper integral converges or diverges, and find the value of each that converges. -4 3 -00 x 4 dx
-
As the owner of a landmark Chicago skyscraper, you decide to purchase insurance that will pay $1 billion in the event the building is destroyed by terrorists. Suppose the likelihood of such a loss is...
-
Davison Inc. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned...
-
6. 7. 8. 9. You are given a converging lens with equal radii of curvature and a diverging lens with the same radii of curvature as those of the converging lens. The lenses are made of material with n...
-
Refer to Example 11. Use the model to predict the home ownership rate in the United States in 2030 (to the nearest tenth of a percent). Data from Example 11 The U.S. Census Bureau published the data...
-
Solve for x to four decimal places: (A) 10 x = 7 (B) e x = 6 (C) 4 x = 5
-
Graph the points with the following polar coordinates. Give two alternative representations of the points in polar coordinates. (-4, 3/2)
-
Management desires to earn approximately the same rate of profit on sales that is being earned with the current design. a. If DF uses target costing and desires to meet the current competitive...
-
3. Alex wants to give his daughter $75,000 to tour Europe after graduation in 5 years. How much should he invest today at an annual interest rate of 10% to have $75,000 in 5 years? N= I/Y= PV= PMT=...
-
A company is currently evaluating a project which requires investments of 11 700 dollars now, and 6 200 dollars at the end of year 1. The cash inflow from the project will be 17 900 dollars at the...
-
The height of a nail in a bicycle tire as it rotates around is periodic in nature. The radius of the tire is 20cm and at the current pedalling speed the tire rotates once every second. a. Determine...
-
Background As you have learned during the course, regulatory compliance requires constant vigilance by the board of directors, company executives, and employees. Constant vigilance, in turn, requires...
-
Goodson Pharmaceutical Company manufactures three main products from a joint process: Altox, Lorex, and Hycol. Data regarding these products for the fiscal year ended May 31, 2010, follow: Altox...
-
Identify Thank You mission, strategy and core competencies. Identify strategy changes that have taken place at Thank You since its founding in 2008. Your answer must in text references and must be...
-
In Problem does the given differential equation model unlimited growth, exponential decay, limited growth, or logistic growth? y' = 10,000 - y () ()
-
Find the amount A in an account after t years if dA 0.01A and A (0) = 5,250 dt
-
A psychologist found that, on average, the rate of learning a list of special symbols in a code N(x) after x days of practice was given approximately by the following table values: Use left and right...
-
x Find domain for g(x) 2. x 16
-
ACC1810 - PRINCIPLES OF FINANCIAL ACCOUNTING Project 11: Chapter 11 - Stockholders' Equity Part B: Financial Statements The accounts of Rehearsal Corporation are listed along with their adjusted...
-
(b) Consider the following linear program, max (3,4,0,0,0)x 1 1 1 0 0 40 s.t. -1 1 0 1 0 X = 60 3 500 1 200 X 0 Show that x = (0, 40, 0, 20, 0) is an optimal solution to this linear program. (Hint:...
Study smarter with the SolutionInn App