A sum of money invested at 2% per 6-month period (semiannually), will double in amount in approximately

Question:

A sum of money invested at 2% per 6-month period (semiannually), will double in amount in approximately how many years?

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

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

See More Books

Question Posted: Feb 25, 2010 01:20 AM

See More Questions

Approximately how many years does it take to double a $100 investment when interest rates are 7 percent per year?
Approximately how many years does it take to double a $500 investment when interest rates are 10 percent per year?
A sum of money invested now at 10 percent compounded semi annually is to provide payments of 1500 dollars every 6 months for 8 years, with the first payment due 6 months from now. a) How much money...
Consider the two tables shown in Figure 6.37. The TerID column in the SALES_REP relation is a foreign key referring to the primary key column TerID in the TERRITORY relation. Figure 6.37 Relations...
Sketch the graph of each quadratic function and compare it with the graph of y = x2. 1. (a) f (x) = 2x2 (b) g (x) = 2x2 (c) h (x) = x2 + 2 (d) k (x) = (x + 2)2 2. (a) f (x) = x2 4 (b) g (x) = 4 x2...
Why do analysts compare cash flow from operations with earnings to assess the quality of the earnings?
How should chemical energy be classified in Figure 7.10? Figure 7.10 Classification of energy. COHERENT (mechanical energy) kinetic energy 7cm 70 INCOHERENT (thermal energy, source energy) ENERGY OF...
Walgreens is a leading chain of drugstores in the United States. Use the following data for Walgreens in Years 7 and 8 to project revenues, cost of goods sold, and inventory for Year +1. Assume that...
(d) For the following Boolean expression, give: i. The truth table F(a, b, c, d) = ( + b.d).(c.b.a. + .d) ii. The Karnaugh map iii. The minimal sum of products expression
Fred works for Marios Macarons as a salesperson. Mario, the owner, has given Fred a credit card with Freds name on it to charge necessary business expenses. The credit card does not have the name of...
What sum of money now is equivalent to $8250 two years hence, if interest is 4% per 6-month period?
The United States recently purchased $1 billion of 30-year zero-coupon bonds from a struggling foreign nation. The bonds yield 41/z% per year interest. The zero-coupon bonds pay no interest during...
For each of the following arguments, a. Translate the argument into standard form. b. Name the mood and figure of its standard-form translation. c. Test its validity using a Venn diagram. If it is...
How do cultural practices and symbolic systems contribute to the construction of collective identities and the negotiation of power relations within heterogeneous societies?
How would investors and creditors know about the change in inventory value?
Explain how you identified the needs of the learners.r Explanation must be in enough detail to satisfy the assessor that you systematically and consciously used strategies to identify needs. Manual...
Use a double integral in polar coordinates to show that the volume of a circular cone with base radius r and height h is rh
You'll be arguing against this new energy bar. How do you find your supporting evidence for your argument? A. Visit online medical journals with studies related to energy supplements and the...
The labor supply of married women has been a subject of a great deal of economic research. The data file is $m r o z$, and the variable definitions are in the file mroz.def. The data file contains...
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
The Eurodollar market dates back to the period after World War II, when started with the circulation of dollars overseas followed by the development of a separate, less-regulated market. Why did the...
A plant engineer is considering the two types of solar water heating system given in Table P7.45. Table P7.45 The firm's MARR is 12%. On the basis of the IRR criterion, which system is the better...
Consider the investment projects given in Table P7.46. Assume that MARR = 15%. (a) Projects A and B are mutually exclusive. Assuming that both projects can be repeated for an indefinite period, which...
Fulton National Hospital is reviewing ways of cutting the cost of stocking medical supplies. Two new systems are being considered to lower the hospital's holding and handling costs. The hospital's...
The organisation at which you are employed is keen to use Artificial Intelligence to improve an area of work. This area of work might be related to processes, products, or services. However, your...
How do demographic stochasticity, environmental variation, and dispersal dynamics interact to shape the spatial and temporal dynamics of populations within heterogeneous landscapes?
A company sells merchandise on November 2 at a $4,000 invoice price with terms of 2/10, n/30. The goods cost $2,000. The company uses the net method to record invoices. The customer pays the balance...

A sum of money invested at 2% per 6-month period (semiannually), will double in amount in approximately

Question:

Step by Step Answer:

P 1 n unknown number of semian...View the full answer

Engineering Economics

Students also viewed these Economics questions