How long until a lump sum investment of $ 2 2 , 0 0 0 becomes $ 8 0 , 0 0 0 at 5 1 annual interest compounded monthly ...

To find out how long it will take for a lumpsum investment of 22000 to grow to 80000 at an a ...

How long until a lump - sum investment of $ 2 2 , 0 0 0 becomes

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

Question:

How long until a lump

-

sum investment of $

22, 000

becomes $

80, 000

5.1 %

annual interest compounded monthly?

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Posted Date: Apr 01, 2024 02:16 AM

See More Questions

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis...
An LNC can detect alterations in the record by Select one: a. Examining notes written in the margin b. Looking through late entries for detailed explanations c. Finding a doctor's explanation that is...
A sample of air occupies 3.8 L when the pressure is 1.2 atm. (a) What volume does it occupy at 6.6 atm? (b) What pressure is required in order to compress it to 0.075 L? (The temperature is kept...
Why does allowing for the existence of corporate taxation cause firms to prefer the maximum amount of debt possible?
How do bacteria reproduce? Do bacteria ever exchange genetic material?
The following is Wolastoq Tours Limited's unadjusted trial balance at its year end, November 30, 2018. The company adjusts its accounts annually. Additional information: 1. The insurance policy has a...
1. Suppose that many US universities rely on international graduate students as a primary revenue source. Suppose further that something happens which causes the number of student visas issued by the...
An isolated system consists of a closed aluminum vessel of mass 0.1 kg containing 1 kg of liquid water, each initially at 5C, immersed in a 20 kg bath of liquid water, initially at 20C. The system is...
(a) Suppose a student at the University library is connecting a laptop for the first time to a Local Area Network (LAN) via an Ethernet cable. The student opens a web browser on the laptop and types...
How does the interplay of opposing elements within the poetic discourse reveal the profound paradoxes central to the poem, through the juxtaposition of disparate elements?"
You hold shares in a PharmaInc company. The dividend is considered as an income to you (and hence have to pay taxes on this). The corporate tax rate is 45% and the tax rate on dividend income is 15%....
Tofutti Foods ( https://www.tofutti.com/ ) is a U.S.-based manufacturer of dairy-free and vegan food products - famous for their vegan cheese. With the demand for vegan products expected to rise as...
How does Countee Cullen's "Heritage" depict his conflict with American and African heritage?
An investor deposit $ 500 in Sharpe State Bond Funds at %2.5, where %2.5 is a yearly interest rate. How much is the investment worth at the end of 2 years if the interest is compounded annually?
Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).
Outline the general strategy used in metagenomics.
The codon change (Gly-12 to Val-12) in human H-ras that converts it to oncogenic H-ras has been associated with many types of cancers. For this reason, researchers would like to develop drugs to...
You need to understand the approach described in question 3 in More Genetic TIPS before answering this question. A muscle-specific gene was cloned and then subjected to promoter bashing. As shown...

How long until a lump - sum investment of $ 2 2 , 0 0 0 becomes

Question:

Expert Answer:

To find out how long it will take for a lumpsum investment of 22000 to grow to 80000 at an a... View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these finance questions