Question: How long did it take $4625 earning 7.875% compounded annually to grow to $8481.61

How long did it take $4625 earning 7.875% compounded annually to grow to $8481.61

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 Finance Questions!

Q:

123please help me with this Winter 1, 2013 7/22/2012 Chapter 4. Ch 04 P35 Build a Model Except for charts and answers that must be written, only Excel formulas that use cell references or functions...

Q:

please help me. I can pay only 70 dollars in this assignment Topic 1 & 2 Introduction to financial management and the Australian Taxation system Financial Markets 2 Learning Objectives Describe what...

Q:

It is Corporate Finance work and I would appreciate the help 7. In 3 years you are to receive $5,000. If the current interest rate (which is 3.284%) were to suddenly decrease, the present value of...

Q:

In Exercises 7683, use a graphing utility to graph the function. Use the graph to determine whether the function has an inverse that is a function (that is, whether the function is one-to-one). f(x)...

Q:

In Active Learning Module 1, full connectivity was not achieved. Why is this? When a packet entered a router that was destined for a network (ie: subnet) within the topology that as not local to the...

Q:

Tam wanted to open a Vietnamese take-out restaurant. He has a degree in Business Administration from a reputable west coast university and worked most of his life in his parents Vietnamese (eat-in)...

Q:

3. Dont make threats or raise your voice.

Q:

Dreiling Company borrowed $300,000 on January 1, 2017, by issuing a $300,000, 8% mortgage note payable. The terms call for annual installment payments of $40,000 on December 31. Instructions (a)...

Q:

Debit and credit 1 Feb1, 2020 Andrea Lee opened a new business by depositing $19,000 cash into the business 2 Feb2, 2020 Business paid six month rent for $9000 in cash 3 Feb5, 2020 Business bought...

Q:

5. The rate of return on a repurchase agreement is A) Determined by the rate of return on the underlying collateral B) Strongly affected by the current Fed funds rate at the time of the repurchase...

Q:

Noah Corp. estimates factory overhead to be P800,000 for the coming year. It was also estimated that the company would incur material cost of P1,200,000. It will also estimated to incur P600,000 for...

Q:

Letter to the Executive Board Below you will find a breakdown of the sales for our computer, furniture, and software categories by each of the members of our sales team. DataTech has acheived record...

Q:

What are the key differences between leadership and management in a business context?

Q:

2. Given the information below, complete the MRP record and explain what it tells the inventory analyst to do. Lot Size Rule: Fixed Q = 200 units Lead Time = 2 weeks Safety Stock: 0 units Current...

Q:

Describe the factors influencing of performance appraisal.

Q:

True or False: Financial intermediaries charge higher interest on the loans they make than they pay to depositors to guarantee the liquidity and safety of securities .

Q:

The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...

Q:

=+3. Which of the following statements are true? If false, explain briefly. a) Using an alpha level of 0.05, a P-value of 0.04 results in rejecting the null hypothesis.

Q:

=+d) A P-value of 0.90 is strong evidence that the null hypothesis is true. Section 12.2

Q:

=+2. Which of the following are true? If false, explain briefly. a) If the null hypothesis is true, youll get a high P-value. b) If the null hypothesis is true, a P-value of 0.01 will occur about 1%...