If Jin Fei invests $3,152 now, she will receive $10,000 at the end of 15 years. What
Question:
If Jin Fei invests $3,152 now, she will receive $10,000 at the end of 15 years. What annual rate of interest will Jin earn on her investment? Round your answer to the nearest whole number.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Using tables Present value Future amount Present value of 1 ...View the full answer
Answered By
Robert Mbae
I have been a professional custom essay writer for the last three years. Over that period of time, I have come to learn the value of focusing on the needs of the clients above everything else. With this knowledge, I have worked hard to become an acclaimed writer that can be trusted by the customers to handle the most important custom essays. I have the necessary educational background to handle projects up to the Ph.D. level. Among the types of projects that I've done, I can handle everything within Dissertations, Project Proposals, Research Papers, Term Papers, Essays, Annotated Bibliographies, and Literature Reviews, among others.
Concerning academic integrity, I assure you that you will receive my full and undivided attention through to the completion of every essay writing task. Additionally, I am able and willing to produce 100% custom writings with a guarantee of 0% plagiarism. With my substantial experience, I am conversant with all citation styles ranging from APA, MLA, Harvard, Chicago-Turabian, and their corresponding formatting. With all this in mind, I take it as my obligation to read and understand your instructions, which reflect on the quality of work that I deliver. In my paper writing services, I give value to every single essay order. Besides, whenever I agree to do your order, it means that I have read and reread your instructions and ensured that I have understood and interpreted them accordingly.
Communication is an essential part of a healthy working relationship. Therefore, I ensure that I provide the client with drafts way long before the deadline so that the customer can review the paper and comment. Upon completion of the paper writing service, the client has the time and right to review it and request any adjustments before releasing the payment.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Principles Of Financial Accounting
ISBN: 9781118757147
1st Canadian Edition
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
Question Posted:
Students also viewed these Business questions
-
If Colleen Mooney invests $4,172.65 now and she will receive $10,000 at the end of 15 years, what annual rate of interest will Colleen earn on her investment?
-
If Monica Ramirez invests $2,745 now, she will receive $10,000 at the end of 15 years. What annual rate of interest will Monica earn on her investment?
-
If Barbara Oxford invests $4,172.65 now and she will receive $10,000 at the end of 15 years, what annual rate of interest will Barbara earn on her investment? (Hint: Use Table 3.)
-
Every human being fears to fail. This is the same case with the leaders. Most of the leaders are afraid of some things, but failing is the most feared among all of them. The loss of direction among...
-
JW Famcor Company makes an artificial leather-like product for the fashion accessory market. The material is made in sheets and has the appearance of a thin rug. Each sheet is 36 inches wide and 100...
-
According to Ferdows (1997), what are the differences between a contributor factory and an outpost factory?
-
Indicate the type of flow given by \(\phi=\sqrt{r} \cos (\theta / 2)\). Calculate and plot typical streamlines.
-
Kite Corporation, a merchandiser, recently completed its calendar-year 2011 operations. For the year, (1) All sales are credit sales, (2) All credits to Accounts Receivable reflect cash receipts from...
-
Q3. Consider the expression below. (3) + (27) -2 Explain the mathematical properties you would use to simplify this expression into the form 3" and describe the process to find the value of a. A...
-
Fred Smith, CFA, a portfolio manager for a large investment advisory firm, is reviewing background information on Mid-South Trucking Company. John Oliver, formerly a senior partner of a management...
-
Xin Su has been offered the opportunity to invest $44,401 now. The investment will earn 7% per year, and at the end of that time will return Xin $100,000. How many years must Xin wait to receive...
-
Tarzwell Ltd. is considering investing in an annuity contract that will return $25,000 at the end of each year for 15 years. What amount should Tarzwell Ltd. pay for this investment if it earns a 6%...
-
After Island Farms increased the container size for its premium ice cream from 1.65 L to 2.2 L, the retail price increased from $5.49 to $7.98. What was the percent change in the unit price?
-
Create a metaphor, simile, or very short (2-3 sentences) story to illustrate shifts in the aggregate supply curve. You were recently hired by Citigroup in the currency management department. Your...
-
In September 2000, Amazon offered a Planet of the Apes DVD to customers using a Netscape Web browser for $64.99. Several seconds later, however, a similar search performed with Microsoft Internet...
-
Newel1 Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The firm does not expect any change in its sales or earnings in the next several...
-
Write a Python function (findMinAndMax) that, given a list of values (values), returns a tuple containing the minimum value and the maximum value. Note: Do not use predefined min() or max()...
-
2. Write a C++ program that does the following: a. Prompts the user for a positive integer, validating the input until the user enters a positive integer. b. Prints the count of zeroes in the...
-
Compute and compare the amount of carbon released per GJ of delivered energy by (a) a coal plant operating at 35% efficiency, (b) a natural gas combined cycle plant operating at 60% efficiency, (c)...
-
In exchange for land, the company received a 12-month note on January 1. The face amount of the note is $1,000, and the stated rate of interest is 13%, compounded annually. The 13% rate is equal to...
-
Ski-Doo Company manufactures, markets, and sells snowmobiles and snowmobile equipment and accessories. The average total assets for Ski-Doo is $3,000,000. In its most recent year, Ski-Doo reported...
-
1. Compute the ratio of segment revenue divided by segment assets for each of the segments of Apple and Google for the most recent year shown. 2. Interpret and comment on your results from part 1....
-
1. Compute the ratio of segment revenue divided by segment assets for each of the segments of Apple and Google for the most recent year shown. 2. Interpret and comment on your results from part 1....
-
How does lean production facilitate effective communication and collaboration across departments?
-
2. The idiophones in gamelan ensembles occur in pairs. The longest bar on a particular gamelan pair has a fundamental frequency (pitch) of 100Hz. Call this gamelan A. (a) (3 points) What are two...
-
The authors of The Creation of Inequality make the point that the Ice Age had barely thawed when some of our ancestors began "surrendering bits of equality." And that process unfolds across 15,000...
Study smarter with the SolutionInn App