Question: Help How long will it take for $4, 000 to double if it is invested at 8% annual interest compounded 4 times a year? Enter

Help

How long will it take for $4, 000 to double if it is invested at 8% annual interest compounded 4 times a year? Enter in exact calculations or round to 3 decimal places. It will take years to double. Preview How long will it take if the interest is compounded continuously? Compounded continuously, it would only take years. Preview Get Help: Video eBook Written Example Points possible: 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

FIN 300 Final: Moore?s Family Restaurant Case Study Note: All financial data in this case is found in the excel spreadsheet that goes along with this case study. A. Past & Current Operations ?Moore?s...

I need help answering 7 questions on this prep test - can someone help? Moores Familay Restaurant Financial Data Income & Expense Statement Sales Cost of Product Labor Benefits Utilities Loan...

1. If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years? 2. If you deposit $6500 into an account paying 8% annual...

1.Tony Ring wants to attend Northeast College. He will need $60,000 5 years from today. Assume Tony's bank pays 8% interest compounded semiannually. What must Tony deposit today so he will have...

1.What is the profit margin on sales for 2014? Round the answer to the nearest whole percentage and show the percent (%) sign. 2.What is the current ratio for 2014? 3.What is the average collection...

financial math calculation needed 2. Find the future value of a semiannual annuity due of $ 10,000 for 10 years at 2% annual interest compounded semiannually. 13. Find the annual sinking fund payment...

How long will it take for $3,600 to double if it is invested at 8% annual interest compounded 12 times a year

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Hello. I'm looking for some help completing my finance project. (10% total course grade) There are quite a few questions. (40 total) I can check the answers one time before submitting. Hoping for...

Suppose $5,000 is invested at 10% compounded semiannually (i.e., 2 times a year). (a) What will the accumulated amount be after 5 years? Exact accumulated amount (without using a calculator) =...

What is the yield to maturity of the February 1995 Treasury bond with the yield from the table? Verify the current yield. Why is the current yield higher than theyield-to-maturity? Today is February...

Answer the following questions. a. Office Store has assets equal to $123,000 and liabilities equal to $47,000 at year-end. What is the total equity for Office Store at year-end? b. At the beginning...

Which of the following best identifies an FDA approved medication to treat nicotine withdrawal or craving? bupropion ( Zyban , Wellbutrin ) nicotine nasal spray ( Nicotrol Nasal Spray ) varenicline (...

4 Garden Yett manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hour at a rate of $18 per hour. Varlable overhead is...