What amount invested today would grow to $11,000 after 20 years, if the investment earns: a.8% compounded

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

Question:

What amount invested today would grow to $11,000 after 20 years, if the investment earns:

a.8% compounded annually$

b.8% compounded semiannually$

c.8% compounded quarterly$

d.8% compounded monthly$

Related Book For answer-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Posted Date: Sep 24, 2022 11:02 PM

See More Questions

What amount invested today would grow to $10,000 after 25 years, if the investment earns: a. 8% compounded annually? b. 8% compounded semiannually? c. 8% compounded quarterly? d. 8% compounded...
what amount invested today will amount to $13,69513 in two years if the interest rate is 42 compounded monthly for the first year and 5 compounded daily for the second year
What amount invested today would grow to $10,000 after 25 gears if the investment earns a. 4% compounded annually? b. 4% compounded semiannually? c. 4% compounded quarterly? d. 4% compounded monthly?
What is the cofactor of an entry of a matrix? How are cofactors used to find the determinant of the matrix?
Under Basel III, how are risk weights for sovereign exposures determined?
The economys current level of equilibrium GDP is $780 billion. The full-employment level of GDP is $800 billion. The multiplier is 4. Given those facts, we know that _______ the economy faces...
In the past five years, there have been significant innovations in technology such as smartphones and tablets. Technology companies rely on intellectual property (IP) rights, such as patents,...
The following data are taken from the general ledger and other records of Coral Park Production Co. on January 31, the end of the first month of operations in the current fiscal year:...
A. Project of a building with 25 flats being evaluated for 15 years. Because of the growth for the city only 90% from the flats will be rented. This project has construction cost of 200000 and tand...
The competitive price of coconuts is $6 per pound and the price of fish is $3 per pound. If society were to give up 1 pound of coconuts, how many more pounds of fish could be produced?
The following information relates to Joachim Anderson, Realtor, at the close of the fiscal year ending December 31: 1. Joachim paid the local newspaper $300 for an advertisement to be run in January...
The graphs of functions are shown. Fill in information about them. (a) function f: -6 O i Domain: ii Range: (b) function g: 9 -2 7 fy 6 5 i Domain: ii Range: 4 3- 2 1 6 5 (-1.1,4) 4 -1 -2 -3 -4 -5 +...
A private company by the name of EM has the following capital structure: Debt Capital Equity Capital $1,000,000 Total Value $3,000,000 Cost of Debt 6.5% $2,000,000 Beta Value 1.3 (1.1). Using the...
QUESTION ONE: Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer. Transportation is a significant...
1. Explain what the Revlon company does. 2. Explain how the product life cycle (Introduction, growth, maturity and decline) can be applied to the revlon company. 3. Explain how Revlon can generate...
Your pay period is biweekly, ending every second Friday. PP start was April 10, 2010 and Hassan started working for you on April 15, 2010, and his last day of work was September 17, 2010 He is paid...
What value will the array contain when all the above statements are executed? Your response must show all the values of the array. Assume the values will be displayed later using a method. final int...
Below is a sample of the data in the file NFLAttendance which contains the 32 teams in the National Football League, their conference affiliation, their division, and their average home attendance....
Calculate the missing values for the promissory notes described in problem. Face Issue Interest rate (%) Date of sale Discount Proceeds value ($) date Term rate (%) ($) 3500 Oct. 25 10 120 days Dec....
Calculate the missing values for the promissory notes described in problem. Issue date Face value ($) Term Interest rate (%) Maturity value ($) Dec. 31 5200 ? days 11.00 5275.22
Evaluate each of the following. In problem, evaluate the answers accurate to the cent. $200/(1 + 0.09 4/12)
a. Find the rank of the given matrix. b. Confirm the result of (a) in MATLAB. 3 5 ST TNT 2 A=1 7
Prove that the product of two symmetric matrices is not necessarily symmetric.
BAw Perform the indicated operations, if defined, for the following vectors and matrices. -2 1 -3 1 1 A = 1 -3 2 1 32 B = V= W = 0 0 4 5

What amount invested today would grow to $11,000 after 20 years, if the investment earns: a.8% compounded

Question:

Expert Answer:

a The formula is AP1 knjnt rinjnt 100 Where A Amount ... View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these mathematics questions