If you invest $ 8 0 0 each month at an annual rate of 6 . 5

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

Question:

If you invest $

800

each month at an annual rate of

6.53 %,

in how many month will it become $

500, 000 ?

The answer could be in decimals.

Related Book For answer-question

Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

See More Books

Posted Date: Apr 01, 2024 02:51 AM

See More Questions

For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
What is the most common measure of the Maintainability Key System Attribute (KSA)?
How does HCA's financial strategy affect its product-market strategy? How important is finance to HCA and in what ways? (Please no plagiarism) Hospital Corporation of America (A) In January of 1982...
After graduating from college in May 2018, Ryan Crews started his career in finance at the W&T Corporation, a small- to medium-sized warehouse distributor in Nashville, Tennessee. The company was...
A certain sample of coal contains 1.6 percent sulfur by mass. When the coal is burned, the sulfur is converted to sulfur dioxide. To prevent air pollution, this sulfur dioxide is treated with calcium...
An analysis of transactions for Star & Co. for July 2017 was presented in E1-13. Instructions Prepare an income statement and statement of owner's equity for July and a balance sheet at July 31....
The Simon diet is effective because it was used by a sample of 1,000 subjects and there was a mean weight loss of 1.7 pounds during a six-month study. Decide whether the statement makes sense (or is...
Heritage Furniture Co. uses a standard cost system. One of the companys most popular products is an oak entertainment center that looks like an old icebox but houses a television, stereo, or other...
Qwe sells plastic grains that are used to make juice bottles. The annual demand for the material is 1,000,000 bags, and it is spread evenly throughout the year. Qwe store all if its inventory in a...
You've calculated the following information based on your financial information: Checking and Savings Accounts $4,000 Monthly After-Tax Income $2,800 Total Monthly Expenses $2,000 Monthly Savings...
To what component we define attributes? Explain
Exhibit V Cost Item Flowers Table Decorations Reception Supplies Selling Price 70 75 60 Direct Materials 40 20 10 Direct Labour 5 15 33 Variable Overhead 7 14 4 Selling and Admin 10 5 3 Office costs...
If you were to open a small business with the knowledge and skills you have acquired to this point, would you prefer to keep your accounting records on the cash basis or the accrual basis? Reflect on...
The following transactions were completed by the company: a. The owner invested $18,400 cash in the company. b. The company purchased supplies for $1,350 cash. c. The owner invested $11,700 of...
Apple and Banana incorporated Fruit Corp. in 2023. As part of a prearranged transaction, Apple transferred equipment worth $89,348 (basis of $19,087) to Fruit Corp. in exchange for 50% of Fruit...
1. Is Islam a Western or Eastern religion? 2. What is referred to as transliteration? 3. What is meant by hagiographical? 4. What exactly let to the attainment of the tremendous feat of Christianity?...
Some people argue that the internal control requirements of the Sarbanes-Oxley Act (SOX) put U.S. companies at a competitive disadvantage to companies outside the United States. Discuss the...
Resource leveling is a method to: a. Make sure everyone working on the project has approximately the same amount of work to accomplish b. A technique in which start and finish dates are adjusted...
Resources should be estimated against which entity: a. The deliverables level of the WBS b. Critical project constraints c. The Risk Breakdown Structure d. The schedule activities
When are the resource requirements estimated? a. After the activities have been defined but before the schedule has been developed b. After the schedule has been developed but before the activities...

If you invest $ 8 0 0 each month at an annual rate of 6 . 5

Question:

Expert Answer:

To find out in how many months the investment will grow t... View the full answer

Real Estate Finance and Investments

Students also viewed these finance questions