How many years you need to get $2500 if your initial investment is $2000 and interest rate

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

Question:

How many years you need to get $2500 if your initial investment is $2000 and interest rate of 4%?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324272055

10th edition

Authors: Eugene F. Brigham, Joel F. Houston

See More Books

Posted Date: Oct 17, 2022 02:22 AM

See More Questions

What interest rate would you need to get to have an annuity of $7,500 per year accumulate to $279,600 in 15 years?
How much will an initial investment of $1,000 earning interest of 8% a year be worth at the end of 20 years? How does this change if the interest is paid more frequently?
If you get a crack in your windshield, you can take your car to an auto-glass repair shop where they will gladly try to repair your windshield, so you can avoid having to replace it. They guarantee...
Suppose that inventory at the beginning of the year consists of 5 units of WIDGET01, costing $33. 00 each. During the year, you received three different shipments for WIDGET01 as follows: on January...
Catalog Age lists the top 17 U.S. firms in annual catalog sales. Dell Computer is number one followed by IBM and W.W. Grainger. Of the 17 firms on the list, 8 are in some type of computer-related...
A linear revenue function is R = 27x. (a) What is the slope? (b) What is the marginal revenue, and what does it mean? (c) What is the revenue received from selling one more item if 50 are currently...
When testing several hypotheses, it is reasonable to reject every hypothesis for which P < 0.05. In Exercises 5 and 6, determine whether the statement is true or false. If the statement is false,...
Some fast-food chains offer a lower-priced combination meal in an effort to attract budget-conscious customers. One chain test-marketed a burger fries and a drink combination for $1.71. The weekly...
Cask'n'Cork wine shop has a markup rate of 12.9% on cost. What price will the shop charge for a bottle of wine that costs $18.60? Round the answer to the nearest cent if necessary. Find Selling Price...
Calculate Federal Income Tax Withholding Using Two Methods (pre-2020 Form W-4) For each employee listed, use both the wage-bracket method and the percentage method to calculate federal income tax...
TLD Industries has struggled for years with employee satisfaction and engagement. They survey their employees every year to try to pinpoint the areas that employees are unhappy. But still, none of...
What is your opinion of the appellate courts decision in the New Hampshire trespassingillegal immigration case?
Consider the NetAlbum experiment. What explanation would you propose?
What are the advantages of decentralization? Some people argue that more centralization is needed to develop and implement strategy in these dynamic times. Express your opinion, and illustrate it...
Think of some transformational new businesses such as Ryanair, Crocs, and Grameen Bank. (a) How was each different from what came before? What was similar? Scale them in terms of 'newness' from truly...
Consider the transformational impact of Grameen Bank. What are the implications of this model for more traditional trading firms? What are the implications for those seeking to do business in the...
Peter Van Dusen opened a trust account to fund his son's education. The account paid 10.25% compounded quarterly. His son is expected to require four years of quarterly payments of $2,000 with the...
Show that the peak of the black body spectrum as a function of ? is given by eq. (22.14) kg T Wmax = 2.82
You just purchased a bond that matures in 5 years. The bond has a face value of $1,000, an 8 percent annual coupon, and has a current yield of 8.21 percent. What is the bond's yield to maturity (YTM)?
Would the role of a financial manager be likely to increase or decrease in importance relative to other executives if the rate of inflation increased? Explain.
Project X has a cost of $1,000, and it is expected to produce a uniform cash flow stream for 10 years, i.e., the CFs are the same in Years 1 through 10, and it has a regular IRR of 12 percent. The...
On 1 January 2024, a company receives gross debenture interest of 1,600 from another UK company and pays net debenture interest of 8,640 to individuals. Explain the corporation tax treatment of each...
A company's accounts for the 17 months to 30 June 2023 include: The debentures were acquired (not for trade purposes) on 1 May 2022. Interest is payable half-yearly on 30 April and 31 October. Show...
Distinguish between P-time and M-time.

How many years you need to get $2500 if your initial investment is $2000 and interest rate

Question:

Expert Answer:

Given Future value 2500 Present value 2000 ... View the full answer

Fundamentals of Financial Management

Students also viewed these accounting questions