To what amount would $12,100 grow after 3 1/4 years if it earned 7.5% compounded 4 monthly?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
per month n m Term in year...View the full answer
Answered By
Irfan Ali
I have a first class Accounting and Finance degree from a top university in the World. With 5+ years experience which spans mainly from the not for profit sector, I also have vast experience in preparing a full set of accounts for startups and small and mediumsized businesses. My name is Irfan Ali and I am seeking a wide range of opportunities ranging from bookkeeping, tax planning, business analysis, Content Writing, Statistic, Research Writing, financial accounting, and reporting.
4.70+
249+ Reviews
530+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions

Steve Allen invested $10,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund...

Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund...

Victor Romano invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund...

In April 1999, one of Capital Blue Cross' healthcare insurance plans had been in the field for three years, but hadn't performed as well as expected. The ratio of premiums to claims payments wasn't...

Differentiate between forwardbased derivatives and optionbased derivatives.

How many strings of three decimal digits a) Do not contain the same digit three times? b) Begin with an odd digit? c) Have exactly two digits that are 4s?

1. How might the influences of culture work against a globalized marketplace? 2. What might account for the tendency of international trade to have remained largely within the triad nations? What...

Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123456789. Roberta has been divorced from her former husband, Wayne, for...

You turned 20 today and you want to retire on your 60th birthday. Starting with the day of your retirement, you would like to have a growing annuity ($75,000 payment on the day of your retirement and...

Many states have daily lotteries, which are played as follows: Sometime during the day, you buy a lottery ticket, on which the seller inscribes a number you choose, between 000 and 999. That night...

What is the maturity value of $5000 invested at 6.0% compounded semiannually for seven years?

What was a $4400 investment worth after 6 3/4 years if it earned 5.4% compounded monthly?

A medical research team conducted a study to test the effect of a migraine drug. In the study, 400 subjects took the drug and 407 subjects took a placebo. The results after two hours are shown below....

Task 2 In addition to the report produced for Task 1, the SMT have asked that you produce a short presentation, (minimum of 2 slides per bullet point), to help ensure that employees handle, store and...

Real solutions for x 2 = 5 ( x + 3 6 0 ) ?

1) Twostage compressor with irreversibilities = You need to build a twostage compression system with intercooling to increase the pressure of Argon (monatomic gas, constant specific heat) from pi...

A tightrope is connected at each end to a vertical tree trunk at a height of 1.57 meter above the ground. The two trees are located a distance 5.00 meters apart. At the midpoint of the tightrope, a...

A missing order occurs when a maximum of the twoslit diffraction pattern lines up with the minimum of the single slit diffraction pattern. Adjust the parameters of the simulation to create a...

The Oliver Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation...

As of January 1, 2018, Room Designs, Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earnings. These were the only accounts with balances in the ledger on January...

Why are closing entries required at the end of an accounting period? obj. 1

Consider the following situation. Year Cash Flow 0................................$200 1.................................+400 2..................................100 What is the rate of return?

An investor is considering two mutually exclusive projects. He can obtain a 6% beforetax rate of return on external investments, but he requires a minimum attractive rate of return of7% for these...

In January, 2003, an investor purchased a convertible debenture bond issued by the XLA Corporation. The bond cost $1000 and paid $60 per year interest in annual payments on December 31. Under the...

Mediocre Company has sales of $120,000, fixed expenses of $24,000, and a net income of $12,000. If sales rose 10%, the new net income would be: Question 18 options: $16,800 $36,000 $13,200 $15,600

1. Why might managers of small restaurants decide not to adopt the standard work hour approach to controlling labour cost? (minimum 150 words )

Which statement is true regarding the U.S. GAAP impairment test for limited life intangibles? A. U.S. GAAP impairment is likely to be greater than IFRS impairment. B. The impairment test for limited...
Study smarter with the SolutionInn App