Question: How long (full years and approximate months) will it take $4700 to increase to at least $8460.00 at 6.25% compounded quarterly. full years (express as

How long (full years and approximate months) will it take $4700 to increase to at least $8460.00 at 6.25% compounded quarterly. full years (express as a whole number) months (express as a whole number)

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!

How long (full years and approximate months) will it take $1560 to increase to at least $2808.00 at 9.25% compounded quarterly. full years (express as a whole number) months (express as a whole...

1. Amy invested $2,560 for 275 days at a simple interest rate of 3.50% p.a. How much more or less interest would he have earned on the investment if his money was growing at a simple interest rate of...

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...

Exam 1 Business Math Q1. The number 49,842 rounded to the nearest thousand is: a. 50,000 b. 49,000 c. 49,900 d. 49,800 Q2. The number 70624020 should be written: a. 70,624,020.0 b. 7,062,402,0 c....

\\a\\a\\a Carbon-14 Dating Skeletal remains had lost 75% of the C14 they originally contained. Determine the approximate age (in years) of the bones. (Assume the half life of carbon-14 is 5730 years....

19 Name: ____________________________________ 1. Your friend has a credit card with an APR of 49.9% ! What would his finance charge be on a $500 charge for just 1 month? 2. Your friend has 2 credit...

26. Evaluate the expression for the given value of the variable. (2 pts.) 3x2 + 36. 42. 10. x=2 y=5 (2 pts.) Problems 20, 42, 50, 66, 68 Combine like terms. (2 pts.) Solve the equation. (2 pts.) x1 5...

PLEASE HELP ME WITH ALL OF THESE ILL greatley appreicate. 1) $4000 deposited at 12% interest compounded monthly will grow to $43.57022 in 20 years. What is 1) the I, n, P, and F for this situation?...

9 (c) How much do they owe after 6 years? Reminder: If you need to use any money value (PV or PMT or FV) from the previous question, copy and paste the full value from the previous calculation on the...

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

For the given vectors v and w find: (a) v + w (b) w-v Question 2: For the given vectors v and w find: (a) 2v+w (b) 3v-w (c) 2v-w+u /. W (60 points, 20 points each) W Bonus question: (5 points)...

By applying dual recovery method to the budget of Commercial New Work (CNW), what is the profit rate on labor and equipment? (Use the following table to answer this question)

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

7. Where Do We Begin?

a. What is the purpose of the team?

b. What are its goals and objectives?