Question: How many years will it take $ 2 , 0 0 0 to grow to $ 3 , 0 0 0 if it is invested

How many years will it take $2,000 to grow to $3,000 if it is invested at 525% compounded continuously?
years (Round to two decimal places.)
How many years will it take $ 2 , 0 0 0 to grow

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 Mathematics Questions!

Q:

Need help with as many as you can please! Will thumbs up! Have a great day! (Related to Checkpoint 5.5) (Solving for n ) How many years will it take for $480 to grow to $996.74 if it's invested at 8...

Q:

PROBLEM 5-22 PRESENT VALUE OF AN ANNUITY A) Invest 2.500 Years 10 Percent 7% PV = B) Invest 70 Years 3 Percent 3% PV = C) Invest 280 Years 7 Percent 6% PV = D) Invest 500 Years 10 Percent 10% PV =...

Q:

For your job as the business reporter for a local newspaper, you are given the task of putting together a series of articles that explain the power of the time value of money to your readers. Your...

Q:

For your job as the business reporter for a local newspaper, you are given the task of putting together a series of articles that explain the power of the time value of money to your readers. Your...

Q:

a. What is the relationship between discounting and compounding? b. What is the relationship between the present-value factor and the annuity present-value factor? c. i. What will $3,800 invested for...

Q:

A quiz for MBA finance 570 True/False Indicate whether the statement is true or false. ____ 1. The major advantage of a general partnership or a corporation as a form of business organization is the...

Q:

Score: 0 of 1 pt 4 of 7 (1 complete) HW Score: 12.5%, 1 of 8 pts P5-13 (similar to) Question Help (Related to Checkpoint 5.5) (Solving for n) How many years will it take for $520 to grow to $1,097.54...

Q:

a. What is the relationship between discounting and compounding? b. What is the relationship between the present-value factor and the annuity present-value factor? c. i. What will $3,800 invested for...

Q:

---Bob Terwilliger received $12,654 for his services as financial consultant to the mayor's office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he...

Q:

1. How many years will it take for $480 to grow to $1,061.07 if it's invested at 7 percent compounded annually? The number of years it will take for $480 to grow to $1,061.07 at 7 percent compounded...

Q:

Based on the IASB at Crossroads cases (A & B) - What are benefits to switching to IFRS for companies in other countries? What do you feel are the most substantial challenges to the development of...

Q:

Give equations to show the reactions of sodium stearate with (a) Ca2+ (b) Mg2+ (c) Fe3+

Q:

yo asi calcule el primero inciso 1,500,000 = A(P/A,1,66%,360), ES CORRECTO

Q:

What are some food related health care issues that inner cities are more likely to see than more affluent areas? Why are certain areas most likely to experience inadequate healthy food options than...