Find the time in years for an investment of $1,000 to grow to $16,000 at an interest

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

Question:

Find the time in years for an investment of $1,000 to grow to $16,000 at an interest rate of 9% per year, compounded every 3 months.

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

See More Books

Posted Date: Feb 15, 2023 03:22 AM

See More Questions

How many months would it take for an investment of $6800 to grow to be worth $6958.66 at 4%?
Approximately how long would it take for an investment of $100 to reach $800 if you earned 5 percent? What if the interest rate were 10 percent? How long would it take an investment of $200 to reach...
Brunt Corporation's new project calls for an investment of $10,000. It has an estimated life of 10 years. The IRR has been calculated to be 15 percent. If cash flows are evenly distributed and the...
A production line will be used to manufacture an item. The line will be operated with using the same personnel during single shift operations. During the initial line certification, the first item...
Since indices speed query processing, why might they not be kept on several search keys? List as many reasons as possible. Discuss.
What is the probability of success for a binomial random variable with 20 trials whose expected value is 3?
Compute the forward discount or premium for the Mexican peso whose 90-day forward rate is $$.102$ and spot rate is $$.10.$ State whether your answer is a discount or premium.
The 2017 comparative income statement and balance sheet of Flowell Design Ltd. follow: Flowell Design Ltd. had no non-cash financing and investing transactions during 2017. During the year, there...
A ladder leans against the side of a house. The top of the ladder is 24 ft from the ground. The bottom of the ladder is 10 ft from the side of the house. Find the ength of the ladder. If necessary,...
Show that if G is a CFG in Chomsky normal form, then for any string w L(G) of length n 1, exactly 2n 1 steps are required for any derivation of w.
You have been called in by LaPlace Instruments, a manufacturer of medical equipment, to provide some advice on value creation. The firm has a market value of $ 525 million and you believe that it is...
Classify each of the following histograms as skewed to the left, skewed to the right, or approximately symmetric. 0.30 a. 5000 b. 250 c. 0.25 200 4000 0.20 3000 2000 0.15 0.10 Frequency 150 100 1000...
Suppose a bond has a modified duration of 4. By approximately how much will the bonds value change if interest rates a. increase by 50 basis points b. decrease by 150 basis points c. increase by 10...
Italian politicians face difficult economic choices. Unemployment is high and growth is sluggish. There is a divide between the more prosperous north and poorer south. As a member of the EU, the...
Consider a callable corporate bond with an 8% coupon currently trading at 102. You are asked by management to measure the interest rate risk exposure. How would you proceed?
Dean Corso, a portfolio manager at Ninth Gate Investments, is making a presentation to a group of investors. He states If two portfolios have the same modified duration, they have the same interest...
1. A free to float loan has no cap provisions. a. This means the monthly loan term rates are the same as market rates b. It does not have a situation where the loan balance can increase throug...
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
Mark Collins, luthier and businessman, builds and sells custom-made acoustic and electric stringed instruments. Although located in Maryville, Tennessee, he purchases raw materials from around the...
AA Corporation's stock has a beta of 0.8. The risk-free rate is 4% and the expected return on the market is 12%. What is the required rate of return on AA's stock?
Investors require a 13% rate of return on Brook Corporation stock (rs = 13%). a. What would the estimated value of Brook's stock be if the previous dividend were D0 = $3 00 and if investors expect...
Give two examples of inflation profits. Under what conditions can they occur?
Is a company destined always to be financed with equity capital?
Can an entrepreneur with an industrial strategy be opportunistic in his financing choices over time?

Find the time in years for an investment of $1,000 to grow to $16,000 at an interest

Question:

Expert Answer:

Given that 1 Principle P 1000 Rate of interest R 9 Yz9 ti... View the full answer

Corporate Finance A Focused Approach

Students also viewed these finance questions