Question: need help with the below How many years would it take an initial deposit of $500 to grow to $1500 in an account that pays

need help with the below

How many years would it take an initial deposit of $500 to grow to $1500 in an account that pays 6% interest compounded quarterly? O - In 0.06 O - In 1+ A In 3 O 4In 1 + 0.06 3 O In In O 41n 1 + 0.06

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!

Televis has become a success over the past few years, and Marten and Julias Jobs decide it is time to meet with a financial planner to make certain his personal finances are in order. Marten has the...

CompU has become a success over the past few years, and Bill and Melinda Jobs decide it is time to meet with a financial planner to make certain his personal finances are in order. Bill has the...

1 . A friend lends you $1500 for a week, which you agree to repay with 7% one-time interest. How much will you have to repay? In a class of 54 students, 18 take bio, 11 take math, 19 take English, 4...

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

(46) What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be? (47) An investment will pay $100 at the end of...

1) Common-sized balance sheets A) show data for companies in the same industry. B) show data for companies with approximately the same amount of assets. C) show each balance sheet account as a...

5) Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the company's current ratio? A) The company collects $500,000 of its accounts receivable. B) The...

Q1. Biff deposited $9,000 in a bank account, and 10 years later he closes out the account, which is worth $18,000. What is the annual interest rate over the 10 years? a. 6.45% b. 7.18% c. 9.10% d....

A common complaint of risk managers is that the model building approach (either linear or quadratic) does not work well when delta is close to zero. Test what happens when delta is close to zero in...

T-Mobile

What is the basic idea behind the percentage of sales approach?

IVANHOE, INC. Statement of Financial Position December 31 2017 Assets Cash Held for trading investments Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Accumulated...