Question: please answer quickly Jill currently has $468,043.00 in a brokerage account. The account pays a 12.1 percent annual interest rate. Assuming that Jill makes no

please answer quickly

Jill currently has $468,043.00 in a brokerage account. The account pays a 12.1 percent annual interest rate. Assuming that Jill makes no additional contributions to the account, how many years will it take for her to have $1,033,878.00 in the account? 6.44 5.94 4.94 5.44 6.94

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 Finance Questions!

9. What is the required capacity in work center 100 for period 6? (Choose the best answer.) a. 100 b. 110 c. 120 d. 130 Master Production Schedule (in units) Period End Product 1 2 3 4 5 6 7 8 A B 9...

ill currently has $300,000 in a brokerage account. The account pays a 10 percent annual interest rate. Assuming that Jill makes no additional contributions to the account, how many years will it take...

Vill currently has $224,451.00 in a brokerage account. The account pays a 13.1 percent annual interest rate. Assuming that Jill makes no additional contributions to the account, how many years will...

Kenneth currently has $505,000 in a brokerage account. The account pays 6 percent annual interest rate. If Kenneth makes no additional contributions to the account, how many years will it take for...

Kenneth currently has $550,000 in a brokerage account. The account pays 7 percent annual interest rate. If Kenneth makes no additional contributions to the account, how many years will it take for...

ELE eBook Your parents will retire in 25 years. They currently have $240,000 saved, and they think they will need $1,800,000 at retirement. What annual interest rate must they earn to reach their...

Q1. review case study #1 Understanding Your Employee Benefits: Investing in your Retirement found on page 123 of your textbook. Please post your answers to the two questions found at the end of the...

Hi. I need Chapter 11 part 1-4 Let me know. Thanks! (it wont letme add more than $8, but I will give $12+ tip) Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK...

Please Answer quickly for thumbs up 17 18 You are currently investing your money in a bank account that has a nominal annual rate of 14.1 percent, compounded quarterly. How many years will it take...

An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 11%...

I need chapters 18, 19, 20, and 21 for the workbook for Personal Finance by Madura!! Please help!!! Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX...

A microscope uses an eyepiece with a focal length of 1.40 cm using a normal eye with a final image at infinity, the tube length is 17.5 cm and the focal length of the objective length is 0.65 cm....

Ship Your Way completed these long-term available-for-sale investment transactions during 2010: 2010 Apr 10 Purchased 400 shares of Naradon stock, paying $22 per share. Ship Your Way intends to hold...

Functions of Financial Management: Outline the core functions including planning, controlling, organizing, and decision - making.

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".