47. How long does it take $1,000 to quadruple in value if you have an 11% annual...

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

Question:

47. How long does it take $1,000 to quadruple in value if you have an 11% annual return? Assume annual compounding, and express your answer in years (to two decimals).

Posted Date: May 19, 2024 08:01 AM

See More Questions

What are the values of m and n after executing the following code? int n = 123456789; int m= 0; while (n != 0) { } m (10 m) + (n % 10); n = n/ 10;
Refrigerant-134a at 100 psia has a specific volume of 0.54022 ft3/lbm. Determine the temperature of the refrigerant based on (a) The ideal-gas equation, (b) The van der Waals equation, and (c) The...
The vapour pressure of a substance at 20.0DCis 58.0 kPa and its enthalpy of vaporization is 32.7 k] mol-1. Estimate the temperature at which its vapour pressure is 66.0 kPa.
How may analyzing sales and receivables provide information about a firm's profitability? LO29
1. Identify the entities and their relationships. Then create an ERD for the reservations system. 2. Create 3NF table designs for the system. 3. For each of the entities identified, design tables and...
Cost of Units Completed and in Process The charges to Work in Process - Assembly Department for a period, together with information concerning production, are as follows. All direc materials are...
If f(x) = cos^-1 (3x^4), find (f'(x))
The Boston Beer Company maintains an existing business-level strategy of differentiation. What is a new business-level strategy the organization could leverage from either a cost leadership strategy...
You have just made an award based on your request for quote for trash removal services. The contract was awarded to Atlantic Waste Removal in the amount of $30,500. Do you have to notify unsuccessful...
Sustained Competitive Advantage Profile a company that has achieved a sustained competitive advantage. What is the source of their competitive advantage? How is this company s profitability greater...
Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 388,000 shares, 312,000 shares, and 249,000 shares,...
Tano Company issues bonds with a par value of $85,000 on January 1, 2021. The bonds' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in...
Solve the problem. Hermione Granger is saving for a book collection. At the end of each month, she puts $75 in a savings account that pays 4% interest compounded monthly. How much is in the account...
Use a calculator to evaluate the expression. Round your result to the nearest thousandth. V (32 + #)
Graph F. $a ightarrow b ightarrow e ightarrow c ightarrow b ightarrow d ightarrow c ightarrow a$ Use the graphs from the given figures to determine whether the sequence of vertices in the given...
The following accounts are applicable to Walters Chimney Sweeps, Inc.: 1. Cash 8. Common Stock 2. Accounts Receivable 9. Retained Earnings 3. Supplies 10. Dividends 4. Prepaid Insurance 11. Service...
Bob Lutz opened a secretarial school called Best Secretarial Training, Inc. a. Lutz contributed the following assets to the business in exchange for 13,600 shares of $1 par value common stock: Cash...

47. How long does it take $1,000 to quadruple in value if you have an 11% annual...

Question:

Expert Answer:

Students also viewed these finance questions