What rate of interest compounded annually is required to triple an investment in 10 years?
Question:
What rate of interest compounded annually is required to triple an investment in 10 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
The required ra...View the full answer
Answered By
Allan Simiyu
I am an adroit Writer. I am a dedicated writer having worked as a writer for 3 years now. With this, I am sure to ace in the field by helping students break down abstract concepts into simpler ideas.
5.00+
8+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and...
-
Lion, Inc., has $11 million of taxable income. Determine the tax savings from Lions maximum DPAD in 2015 and 2016 assuming that Lions marginal tax rate is 35% in both years.
-
What is the nominal annual rate of interest compounded annually on a lease valued at $21600 if payments of $680 are made at the beginning of each month for three years?
-
Instructions In simplified form, you are going to be producing a script. The script will create 2 tables, load the 2 tables with data and then using PL/SQL it will process those 2 tables and with 2...
-
A dark fringe in the diffraction pattern of a single slit is located at an angle of A = 34. With the same light, the same dark fringe formed with another single slit is at an angle of B = 56. Find...
-
Evaluate machine XYZ on the basis of the PW method when the MARR is $12 \%$ per year. Pertinent cost data are as follows: Investment cost Useful life Market value Annual operating cost Overhaul cost...
-
Hanna Railroad Co. is about to issue $300,000 of 10-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. How much can Hanna expect to...
-
1. Analyze the reasons China has a twin surplus. 2. What are the repercussions of this fact over a long period of time? 3.I just need help wtih the consequences.
-
Rocky Mountain Camping Equipment, Inc. has established the following direct-material standards for its two products. During March, the company purchased 2,100 yards of tent fabric for its standard...
-
In problem, find the exact value of each logarithm without using a calculator. log 3 9
-
In problem, the graph of an exponential function is given. Match each graph to one of the following functions (a) y = 3 x (b) y = 3 -x (c) y = -3 x (d) y = -3 -x (e) y = 3 x - 1 (f) y = 3 x-1 (g) y =...
-
The chapter discusses ways that organizations can use nudges to change consumer behavior. Critics refer to them as benevolent paternalism because they argue they force people to eat their vegetables...
-
Animals and insects have the adaptable features and structures in order to survive in their environment. How are the cockroach structures adaptable to their functions?
-
Fred purchased a small retail center for $350,000. Fred placed $100,000 down and obtained an interest-only loan for $250,000 at 10% annual interest. At the end of one year, the building was sold for...
-
Borden Car Sales had sales of $125,023 in March and $112,321 in April. Calculate the rate of change in sales from March to April.
-
To have a high degree of emotional intelligence, a person would need to be flexible and adaptable when dealing with others in your workplace. What does it mean to be flexible and adaptable within the...
-
Lemon Co. sponsors a stock option incentive plan to purchase common stock for key employees. The plan allows the purchase of one share of $1 par value common stock at an option price of $45 per...
-
Steam Whistle Brewing is a successful brewery engaged in the development and production of specialty micro brews. It uses an activity-based costing system. During the past year, it has incurred...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
In Problems 3360, find the exact value of each expression. cos-1 sin 5 4
-
In Problems 3360, find the exact value of each expression. csc cos-1(-1/)] 2
-
In Problems 39 62, find the exact value, if any, of each composite function. If there is no value, say it is not defined. Do not use a calculator. 11T 4 sin- (sin!
-
Describe, in steps, at least one strategy used to attack embedded operating systems. Describe, in steps, at least one strategy used to defend against the chosen attack.
-
how does a hypercompetetice environment challenge those in an industry
-
Describe how managers can reduce unnecessary costs, including real - world examples of how it has been done
Study smarter with the SolutionInn App