3) How long will it take an investment of $3,000 to grow to $5,700 at 4 5 annual interest compounded (a) semi annually (b) continuously 3) How long will it take an investment of $3,000 to grow to $5,700 at 4 5 annual interest compounded (a) semi annually (b) continuously ...

The Answer is in the image, click to view ...

3) How long will it take an investment of $3,000 to grow to $5,700 at 4.5%...

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

Question:

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: Dec 09, 2022 02:14 AM

See More Questions

How long will it take an investment to triple if interest is compounded continuously at 3%?
To the nearest month, how long will it take an investment to increase in value by 200% if it earns 7.5% compounded semiannually?
To the nearest month, how long will it take an investment to double in value if it earns 3.75% compounded semiannually?
In a survey of 1,002 people, 701 (or 70%) said that they voted in the last presidential election (based on data from ICR Research Group). The margin of error was 3 percentage points. However, actual...
On January 1, 2014, Merchant Co. sold a tractor to Swanson Inc. and simultaneously leased it back for five years. The tractors fair value is $250,000, but its carrying value on Merchants books prior...
James Davis owns a small Internet service provider business. Recently, customers have been complaining that they are overcharged and are not receiving timely customer service. Billing rates seem to...
Repeat the calculations of Example 9.5, but for a total solution normality of 0.5. Data From Example 9.5:- For the Cu 2+ /Na + exchange with a strong-acid resin, show how the fraction CuR2 in the...
1. Estimate the demand for soft drinks using a multiple regression program available on your computer. 2. Interpret the coefficients and calculate the price elasticity of soft drink demand. 3. Omit...
You become interested in AT&T. Download the file PS4 from canvas. It contains monthly market returns (from CRSP) and monthly risk-free returns (from Fama and French). a. What is the AT&T beta? To...
The June 21, 2023, UNCTAD report referenced in the above Discussion Question overview, refers to an " ongoing decline in trade interdependence between the United States and China " along with the...
1.Calculate the money supply for the following data? Bank reserves (vault cash) = 1000; Required reserve ratio = 0.25 Currency in circulation = 2000
You observe a ball that moves (33.3 0.1) cm in (16.35 0.04) s. What is the observed speed of the ball (best estimate and most probable uncertainty)? (speed = distance / time) (1.542 0.005) cm/s...
(a) f(z)= u(x, y) +iv(x,y) where u is the velocity potential and v is the stream function V = Vu Show that V.v=0 and Vxv=0. DT 0
Q2: explain the difference between the peak input voltage Vp(in) and the output half-wave Vp(rect) Q3: Explain the difference between the peak input voltage Vp(in) and the output Full-wave Vp(rec)...
Jim and Greg are both driving to the same destination, a distance of 180 miles away. Jim is driving at a constant speed of 50 mph, while Greg is driving at 80 mph. Assuming both maintain their speeds...
Consider two charges, Q-7.0 mC and Q3.4 mC separated by distance r;=2.77 cm. The charge Q moves, changing the distance between the charges to r-4.56 cm. What is the work done by the electric force...
Here is today's yield curve in annual increments: Year Rate 12345678 5% 5.25% 5.5% 5.75% 6% 6% 6% 5.75% Assuming that the Expectations Hypothesis of the term structure is true, estimate what the...
Consider the combustion of methanol below. If 64 grams of methanol reacts with 160 grams of oxygen, what is the CHANGE in volume at STP. 2CH3OH(g) + 3O2(g) 2CO2(g) + 4H2O(1) The volume decreases by...
Suppose inflation currently is about 2 percent. Last year, the Fed took action to maintain inflation at this level. Now, the economy is starting to grow too quickly, and reports indicate that...
The McAlhany Investment Fund has total capital of $500 million invested in five stocks: The current risk-free rate is 8 percent. Market returns have the following estimated probability distribution...
The after-tax cash flows for two mutually exclusive projects have been estimated, and the following information has been provided: The companys required rate of return is 14 percent, and it can get...
Select an information system with which you are familiar, and which you feel needs to be improved, based upon your experiences as an employee, customer, other system user, or system owner, Switch...
You have learned the importance of making sure that requirements are correctly identified. Hut how do you know when you have a correct requirement-that is, what criteria must each requirement meet in...
Prepare a full feasibility analysis, including Economic, Operational, Schedule, Legal, and Technical analyses for the system you are suggesting in problem 1. Your analysis should be no more than 30...

3) How long will it take an investment of $3,000 to grow to $5,700 at 4.5%...

Question:

3) How long will it take an investment of $3,000 to grow to $5,700 at 4.5% annual interest compounded (a) semi-annually? (b) continuously? 3) How long will it take an investment of $3,000 to grow to $5,700 at 4.5% annual interest compounded (a) semi-annually? (b) continuously?

Expert Answer:

Principles of Finance

Students also viewed these mathematics questions