Question: What if one makes 20% return on 12,581$ yearly how many year will take to grow into 5 million $ ?

What if one makes 20% return on 12,581$ yearly how many year will take to grow into 5 million $ ?

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!

Q:

John Chang operates a plumbing business as a proprietorship (John Chang Plumbing). The following events took place during the month of June 2022: Required Identify the accounting assumption,...

Q:

ACG32: FINANCE AND INVESTMENT - STUDY PERIOD 1, 2008 ACG 23 BUSINESS FINANCE OUA STUDENTS - STUDY PERIOD 3, 2016 ASSIGNMENT 2 INFORMATION General Assignment Details Completion - Individual Basis This...

Q:

1) A Japanese company has a bond outstanding that sells for 85 percent of its 100,000 per value. The bond has a coupon rate of 4.4 percent paid annually and matures in 15 years. What is the yield to...

Q:

Student Name: #1 You invest $3,000 in a Certificate of Deposit paying an annual compound interest of 1.26% for 10 years and then move it into a savings account that pays 0.70% interest compounded...

Q:

Student Name: You invest $3,000 in a Certificate of Deposit paying an annual compound interest of 1.26% for 10 years and then move it into a savings account that pays 0.70% interest compounded...

Q:

Question 1 (25 marks) Peter wants to save $500,000 to buy a sport car. He plans to make a deposit of $8,000 each month to achieve this goal. ABC Bank offers a deposit rate of 0.5% per month while DEF...

Q:

Peter wants to save $500,000 to buy a sport car. He plans to make a deposit of $8,000 each month to achieve this goal. ABC Bank offers a deposit rate of 0.5% per month while DEF Bank offers a deposit...

Q:

only numbers 3,4 and 5 thank you TAXES! When it comes to how the American household is taxed, every family is different. We will start with a model suggesting that the average U.S. household earns a...

Q:

Need help with the attached questions from finance major Assignment 3 Questions 1. Anle Corporation has a current price of $27, is expected to pay a dividend of $2 in one year, and its expected price...

Q:

I need the solution forexsercise 33 - 38 on chapter 9of corporate financeas the attached file. pls do and send to my e..8@gmail.com Chapter 9 Stock Valuation 299 9. Corporate Ethics Is it unfair or...

Q:

Entrepreneurship and innovation The keys to global economic recovery invention Executive summary At a time when entire economies and industries are reeling from the nancial crisis, business leaders...

Q:

Read some of the writings of Lewis Carroll on symbolic logic. Describe in detail some of the models he used to represent logical arguments and the rules of inference he used in these arguments.

Q:

The following are four processes common to most cloning experiments: transforming bacteria selecting bacteria with gene of interest plating bacteria on selective medium cutting DNA with restriction...

Q:

1 ) Financial managers should strive to maximise the current value per company to: A ) guarantee the company will grow in size at the maximum possible rate. B ) increase employee salaries. C ) best...

Q:

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

Q:

A company produces lightbulbs whose life follows a normal distribution, with a mean of 1,200 hours and a standard deviation of 250 hours. If we choose a lightbulb at random, what is the probability...

Q:

5.18 Let the random variable Z follow a standard normal distribution. a. The probability is 0.70 that Z is less than what number? b. The probability is 0.25 that Z is less than what number? c. The...

Q:

5.23 Anticipated consumer demand in a restaurant for free-range steaks next month can be modeled by a normal random variable with mean 1,200 pounds and standard deviation 100 pounds. a. What is the...