How long will it take $ 2 0 0 0 to grow to $ 2 2 0

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

Question:

How long will it take

2000

to grow to

22000

if it is invested at

7 %

compounded

monthly?

Posted Date: May 18, 2024 09:11 AM

See More Questions

Calculate the oscillating frequency of a FET Hartley oscillator with C = 250pF, L1 = L2 = 1.5 mH, and mutual inductance between L1 and L2 is 0.5 mH.
Suppose that there are two independent economic factors, F1 and F2. The risk free rate is 6%, and all stocks have independent firm specific components with a standard deviation of 45%. The following...
On your first day as a student marketing intern at the O-Tay Research Company, the supervisor hands you a list of yesterdays telephone interviewer records. She tells you to analyze them and to give...
Four independent situations are given below. Assume that partners of the existing partnership are Kyle Bowen and Susan Wong. The new partner is Angie Mills. For each situation, prepare the...
Equity Lighting Corp. wishes to explore the effect on its cost of capital of the rate at which the company pays taxes. The firm wishes to maintain a capital structure of 30% debt, 10% preferred...
Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and...
8. Mercantilism----- a. is the philosophy of free international trade., b. was a philosophy and arguments of export promotion and barriers to imports as the policy actions. c. was praised by Adam...
In 2010, the City of Coyote received a $$320,000$ cash grant from the state to stop air pollution. Assume that although a special revenue fund could have been set up, the money remained in the...
The city maintains a landfill that has been recorded within its parks. The landfill generated program revenues of $$4,000$ in Year 4 and cash expenses of $$15,000$. It also paid $$3,000$ cash...
Suppose that people consume only three goods, as shown in this table: a. What is the percentage change in the price of each of the three goods? What is the percentage change in the overall price...
Fenicci e Fantocca forecast demand for components to average 18 a day over a 200 day working year. Any shortages disrupt production and give very high costs. The holding cost for the component is...
The City of Coyote mailed property tax bills for 2011 to its citizens during August 2010. Payments could be made early to receive a discount. The levy becomes legally enforceable on February 15,...
Management has recently purchased new equipment but is uncertain about its useful life. For the initial year, management estimated a useful life of 10 years. However, due to a major accident during...
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
Define and explain asymmetric information, adverse selection, and moral hazard.
How are positive externalities internalized?
How are negative externalities internalized?

How long will it take $ 2 0 0 0 to grow to $ 2 2 0

Question:

Expert Answer:

Students also viewed these finance questions