Gordon Rosel went to his bank to find out how long it will take for $1,400 to

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

Question:

Gordon Rosel went to his bank to find out how long it will take for $1,400 to amount to $1,710 at 8% simple interest. Calculate the number of years.

Number of years_______________

Related Book For answer-question

Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

See More Books

Posted Date: Jun 24, 2022 03:04 AM

See More Questions

1. If you invest $760 in a bank where it will earn 8 percent compounded annually, how much will it be worth at the end of 7 years? At the end of 7 years, your bank account will be worth $___
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...
Use the Chain Rule to calculate the partial derivatives. Express the answer in terms of the independent variables. dh t -; h(x, y) = X x = tt, y = tt " y
At December 31, 2013, the investments in securities available-for-sale of Beale Developments were reported at $78 million: During 2014, Beale sold its investment in Schwab Pharmaceuticals, which had...
Results of two consolidated-drained triaxial tests on a clayey soil are as follows: Using the failure envelope equation given in Example 12.10 (q' = m + p'tanÎ±), determine the following...
What is the purpose of filing a lis pendens?
Bloom Company management predicts that it will incur fixed costs of $160,000 and earn pretax income of $164,000 in the next period. Its expected contribution margin ratio is 25%. Use this information...
1) In valuing a project, or even a firm, we work off of projections.This means that we must make assumptions.What are the biggest areas of assumptions in a valuation exercise? 2) How can we address...
Summarize sales by month and sales division using a pivot table in Excel (hint: put divisions in columns, months in rows) or using a graph or chart in Tableau. If you are using Excel to summarize,...
Given: f(x) = -1.5x6 - 2x* + 12x a. Find the maximum value graphically (i.e. plot the function) b. Use the derivative and whichever root-finding method you prefer to solve for the maximum f(x) and...
Visit www.pearsonglobaleditions.com/malhotra to read the video case and view the accompanying video. Dunkin' Donuts: Dunking the Competition highlights the emphasis that Dunkin' Donuts places on...
Michael Lee is sitting in the lobby of Columbia Area Painting waiting to meet with the owner, Paul Ferguson. Michael is a salesperson for Bright Colors Paints. Hes here to speak with Paul because...
How can quota sampling being applied through a website like www.linkedin.com?
To derive Formula 3.11, we observe that the slope of the Capital Market Line connecting R 0 R 0 to M M is the maximum among all lines connecting R 0 R 0 to any feasible portfolio. The weights for MP...
A company decides to send email surveys on its new car polishing spray to random people, asking them to forward it to 10 of their contacts after they are finished. What form of sampling did the...
Explain whether it is acceptable for different economists to arrive at different conclusions using the same data. (1 point) O It is not acceptable. There is only one truth to how economies function,...
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
List and describe three types of inventory.
What is the purpose of a bridge loan?
How does a company determine the interest rate it will use in making a net present value (NPV) decision?
In your year-end audit of The Joshua Redman Co., a defense contractor specializing in building sophisticated tracking systerns for missile defense systems, you bring in a specialist, Mal Waldron, to...
Specialists may be required to perform audit tasks that require knowledge or skills outside the auditor's abilities. Examples from the text include an engineer (to verify the stage of completion of...
Consider the internal audit staffs of the following two companies: Carl Company's internal auditors are college graduates who have been hired mostly from the ranks of marketing personnel who did not...

Gordon Rosel went to his bank to find out how long it will take for $1,400 to

Question:

Expert Answer:

in case of simple interest ... View the full answer

Entrepreneurial Finance

Students also viewed these finance questions