Question: Round to the nearest whole number Compound value solving for n) How many years will the following take? a. $480 to grow to $1,042.51 if

Round to the nearest whole number

Compound value solving for n) How many years will the following take? a. $480 to grow to $1,042.51 if invested at 9 percent compounded annually b. $31 to grow to $53.26 if invested at 7 percent compounded annually c. $100 to grow to $383.59 if invested at 13 percent compounded annually d. $53 to grow to $66.91 if invested at 6 percent compounded annually a. How many years will it take for $480 to grow to $1,042.51 if invested at 9 percent compounded annually? years (Round to the nearest whole number.) b. How many years will it take for $31 to grow to $53.26 if invested at 7 percent compounded annually? years (Round to the nearest whole number.) c. How many years will it take for $100 to grow to $383.59 if invested at 13 percent compounded annually? years (Round to the nearest whole number.) d. How many years will it take for $53 to grow to $66.91 if invested at 6 percent compounded annually? years (Round to the nearest whole number.)

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!

(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,330.18 if invested at 11 percent compounded annually b. $36 to grow to $61.70 if invested at 8 percent...

1. (Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $480 a year for 10 years compounded annually at 9 percent. b. $108 a year for 7 years compounded...

Please answer each part of the question. (Compounding using a calculator) Lisa Simpson wants to have $1.9 million in 55 years by making equal annual end-of-the-year deposits into a tax-deferred...

(Compound value solving for n) How many years will the following take? a. $480 to grow to $1,227.86 if invested at 11 percent compounded annually b. $35 to grow to $52.53 if invested at 7 percent...

(Compound value solving for n ) How many years will the following take? a. $480 to grow to $1,028.92 if invested at 10 percent compounded annually b. $38 to grow to $61.02 if invested at 7 percent...

(Compound value solving for n) How many years will the following take? a. $520 to grow to $1.226.13 if invested at 10 percent compounded annually b. $44 to grow to $81.44 if invested at 8 percent...

(Compound value solving for n ) How many years will the following take? a. $510 to grow to $1,107.67 if invested at 9 percent compounded annually b. $42 to grow to $67.44 if invested at 7 percent...

(Compound value solving for n) How many years will the following take? a. $500 to grow to $1,152.27 if invested at 11 percent compounded annually b. $38 to grow to $69.47 if invested at 9 percent...

(Compound value solving for n) How many years will the following take? a. $490 to grow to $1,129.22 if invested at 11 percent compounded annually b. $43 to grow to $64.53 if invested at 7 percent...

(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,348.75 if invested at 10 percent compounded annually b. $33 to grow to $56.70 if invested at 7 percent...

You borrow $50,000 today. If the interest rate is 6 percent compounded monthly and you make monthly payments of $250. How long will it take you to pay off your loan?

Using the WideWorldImporters database, create a query of all the Transaction Types sorted by Transaction ID.

What is the single monthly mortality for seasoned 5 0 PSA, 2 0 0 PSA, and 4 0 0 PSA mortgages if the 1 0 0 PSA benchmark is 3 . 8 % per year?

The management of Carla Vista Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CISCO, is a component of the...