How long will it take money to triple if it is invested at 5% compounded daily? 6%
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Compounded daily For A 3P m 365 and ...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Question Posted:
Students also viewed these Finance questions
-
How long will it take money to double if it is invested at (A) 8% compounded semiannually? (B) 7% compounded semiannually?
-
How long will it take money to double if it is invested at (A) 21% compounded continuously? (B) 33% compounded continuously?
-
How long will it take money to double if it is invested at 5% compounded continuously?
-
Refer to the information in Exercise 16-11. Using the direct method, prepare the statement of cash flows for the year ended June 30, 2017. IKIBAN INC. Comparatlve Balance Sheets June 30, 2017 and...
-
Based on the best available econometric estimates, the market elasticity of demand for your firms product is 2. The marginal cost of producing the product is constant at $ 150, while average total...
-
What is the "deep Web," and why is it potentially an asset to Facebook? Why is Google threatened by Facebook's deep Web? How is Facebook harnessing the deep Web to provide potentially valuable search...
-
The number of bank mergers in the 1990s far exceeded any previous 10-year period in US. history. As mergers created larger and larger banks, many customers charged the mega-banks with becoming more...
-
Branson Industries conducts operations in five major industries, A, B, C, D, and E. Financial data relevant to each industry for the year ending December 31, 2019, are as follows: Included in the...
-
Grouper Company is preparing its direct labor budget for 2022 from the following production budget based on a calendar year: Each unit requires 2 hours of direct labor. The union contract provides...
-
a. How does fiber usually transmit a 1? 9a.) In optical fiber, light travels through the ______. a. Core b. Cladding c. Both A and B b. How do fiber cords typically provide full-duplex transmission?...
-
If $1 had been placed in a bank account in the year 1066 and forgotten until now, how much would be in the account at the end of 2016 if the money earned 2% interest compounded annually? 2% simple...
-
Refer to Problem 73. Show that the exact annual compound rate of growth of an investment that doubles in n years is given by r = 100(21/n - 1). Graph this equation and the rule of 72 on a graphing...
-
Rushing yardage for three Heisman Trophy candidates is given below. Which candidate is the most productive running back? How did you measureproductivity? Candidates Rushing yards No. of carries No....
-
Match each of the following transactions of Lesch \& Company with the appropriate letters, indicating the debits and credits to be made. The key for the letters follows the list of transactions. The...
-
Workers act as sellers of their time in the labor market in return for some wage. Lets discover your individual supply curve for labor. For each hourly wage rate provided in the accompanying table,...
-
The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) monitors and evaluates health care providers according to strict standards and guidelines. Improvement in the quality of care...
-
The U.S. National Highway Traffic Safety Administratio (NHTSA) independently tests over 2,400 types of tires annually. In 2015, they issued more than 900 recalls, affecting 51 million vehicles...
-
The Hudson Jewelers case study can be found in Appendix C. Chapter 17 Case Questions for Discussion: 1.Research and acquire the criteria for diamond appraisals and critique these criteria in terms of...
-
What are the six stages for leveraging sustainability?
-
Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new...
-
In Problem find the matrix products. Note that each product can be found mentally, without the use of a calculator or pencil-and-paper calculations. 0][2 -31 0] 1 (A) -3 (B) 4 5. 5] 1
-
In Problem find the matrix products. Note that each product can be found mentally, without the use of a calculator or pencil-and-paper calculations. 1 -2 1 3 0 1 2 4 -2 0 0 1 5 1
-
In Problem find the matrix product. Note that each product can be found mentally, without the use of a calculator or pencil-and-paper calculations. 4)
-
business law A partner may actively compete with the partnership True False
-
A company provided the following data: Selling price per unit $80 Variable cost per unit $45 Total fixed costs $490,000 How many units must be sold to earn a profit of $122,500?
-
Suppose a 10-year, 10%, semiannual coupon bond with a par value of $1,000 is currently selling for $1,365.20, producing a nominal yield to maturity of 7.5%. However, it can be called after 4 years...
Study smarter with the SolutionInn App