In an account that has compound interest, what principal do you need to invest at 1 5

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

Question:

In an account that has compound interest, what principal do you

need to invest at

15 %

annually so that you end up with $

10, 000

at the end of five

years?

Related Book For answer-question

College Accounting A Practical Approach Chapters 1-25

ISBN: 9780132772068

12th Edition

Authors: Jeffrey Slater

See More Books

Posted Date: Apr 30, 2024 08:39 AM

See More Questions

Steve Pierce depreciates his truck by the straight-line method. Calculate the yearly depreciation expense given the following: Cost Residual value Service of useful life $7,100 $2,400 4 years
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Exercises in compound interest, no income taxes. To be sure that you understand how to use the tables in Appendix B at the end of this book, solve the following exercises. Ignore income tax...
Using atomic weight, crystal structure, and atomic radius data tabulated inside the front cover of the book, compute the theoretical densities of aluminum (Al), nickel (Ni), magnesium (Mg), and...
People have a demand for sweaters, and the market provides sweaters. There is evidence that people also have a demand for national defense, but the market does not provide it. Why doesnt the market...
Use this last fact to come up with the probability that the organism is alive at time t. What is the average lifetime? Could you have guessed it without doing any calculations? Suppose an organism...
Critical pressure ratio for the flow of gases through a converging nozzle is given by (a) $\left(\frac{2}{\gamma+1} ight)^{\gamma / \gamma-1}$ (b) \(\left(\frac{1}{\gamma+1} ight)^{\gamma /...
On September 1, Howe Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred....
Differentiate the function. y = eax4 y'(x) =
Use the following information to answer the questions below. Current cap. structure Proposed cap. structure Assets $15 million $15 million Debt $0 $6 million Equity $15 million $9 million Share price...
In Young's double-slit experiment, the distance between the slits is kept about the size of the wavelength of the light, A. Why? Justify your statement(s) using mathematical expressions and physical...
A piece of purple plastic is charged with 1.29 x 106 extra electrons compared to its neutral state. What is its net electric charge (including its sign) in coulombs? net electric charge: A glittering...
In the human eye, the cornea is more curved than the rest of the eye, so that D=4r In figure 1. The shape of the cornea does the main focusing, the lens (not shown in the figure) does fine-tuning....
10-15 kg particle, has charge of 10-15 C, enter the magnetic field with speed of Vo=10m/s. Width and height of the field are given as, w=10m and h=6m. Magnetic Field alignes out of page and has 1...
Tidal forces from the moon and sun cause the earth's oceans to increase and decrease in height throughout the day. This change in vertical height causes a change in horizontal speed of ocean water....
Everrine Corporation owns 3,000 shares of JRW Corporation. JRW Corporation has 25,000 shares of stock outstanding. JRW paid $4 per share in cash dividends to its stockholders. The entry to record the...
The National Collegiate Athletic Association (NCAA) and the National Federation of State High School Associations (NFHS) set a new standard for non-wood baseball bats. Their goal was to ensure that...
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring $\ddot{x}+f \frac{\dot{x}}{|\dot{x}|}+\omega_{n}^{2} x=0$
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring $\ddot{x}+\omega_{0}^{2}\left(x-\frac{x^{3}}{6} ight)=0$
Prove that, for the system considered in Section 13.5.1, the minimum value of $\omega^{2}$ for which the amplitude of subharmonic oscillations $A$ will have a real value is given by...

In an account that has compound interest, what principal do you need to invest at 1 5

Question:

Expert Answer:

compound interest can be defined as interest you e... View the full answer

College Accounting A Practical Approach Chapters 1-25

Students also viewed these finance questions