How long will it take for a$2500investment to grow to$4500at an annual rate of7%,compounded semiannually? Assume that
Fantastic news! We've Found the answer you've been seeking!
Question:
How long will it take for a$2500investment to grow to$4500at an annual rate of7%,compounded semiannually? Assume that no withdrawals are made.
Do not round any intermediate computations, and round your answer to the nearest hundredth.
________years
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
The hours-of-service compliance BASIC includes an out-of-service penalty, or "kicker." what other BASIC includes this penalty?
-
will you use continuous recording (i.e. frequency, duration, real-time, intensity, latency), percentage of opportunities, product recording, interval recording (partial, whole, or frequency-within)...
-
pply: Wk 3 Quiz [due Mon] Saved tion.com%252Fmghmiddleware%252Fmhe A new furnace for your small factory will cost $43,000 and a year to install, will require ongoing maintenance expenditures of...
-
5.Construct a Histogram for the frequency distribution below containing record high temperatures for each of the 50 states. Class boundaries Freq 99.5-104.5 104.5-109.5 109.5-114.5 114.5-119.5...
-
Identifying cash inflows and outflows Required Indicate which of the following items will result in cash inflows and which will result in cash outflows. The first one is shown as anexample. Item Type...
-
Examine the historical prices of currency futures and the futures call and futures put options you selected in Exercise 7.Select a time period that the contracts were active. a. Use the Chart screen...
-
On January 13, 2006, Silverio Oil Company purchased a drilling truck for $45,000. Silverio expects the truck to last five years or 200,000 miles, with an estimated residual value of $7,500 at the end...
-
Presented below is information related to Russell Corporation for the month of January 2012. InstructionsPrepare the necessary closingentries. Cost of goods sold Freight-out Salaries and wages...
-
Brett is convicted by a jury and sentenced to one year behind bars. Brett has committed a Group of answer choices felony. misdemeanor. tort. white collar crime. conspiracy.
-
The following data are available for Alpha Division for the month of November: Sales revenue $400,000 Operating $500,000 assets Fixed costs $100,000 Variable cost 60% ratio Required rate of return...
-
Joe's 50 shares of Coca Cola is now paying out a dividend of $1/share. How much will he earn from this portion of his investment.
-
Summarize the steps associated with a decision-making process. You may answer using a written paragraph or diagram.
-
Calculations Marketing Inc. Issued 10.5% bonds with a par value of $410.000 and a five-year life on January 1, 2023, for $417,914. The bonds pay Interestion June 30 and December 31. The market...
-
Natural Blonde stock is currently priced at $81.49 per share. The stock is expected to pay annual dividends that are expected to grow by 5.32 percent per year forever starting after the next dividend...
-
Farrah Foundation has decided to raise S8OO,OOO for a new capital project by issuing bonds. They offered bonds that had a coupon rate of 6.7% compounded semi-annually and is redeemable in 7 years. At...
-
A sleep researcher conducts an experiment to determine whether sleep loss affects the ability to maintain sustained attention. Fifteen individuals are randomly divided into the following three groups...
-
Modify the CYK algorithm so that it applies to any CFG, not just those in CNF.
-
Analyzing marketing variances A manufacturing company makes three different sizes of bass boats. These boats are sold to distributors who outfit them for fishing by adding outboard motors and...
-
Direct material variances The Baba Jim Company makes a variety of furniture items. One product, a sofa, has the following material standards: Pine lumber Oak lumber Springs 20 board feet @ $ .80 per...
-
Direct labor variances Wha Joon Company makes steel shelves, steel furniture, and several other steel products primarily for use in offices and industrial organizations. Standard labor costs for the...
Study smarter with the SolutionInn App