Janesh has savings of $9625.63. If he can invest this amount to earn 7.8%, how many days

Question:

Janesh has savings of $9625.63. If he can invest this amount to earn 7.8%, how many days will it take for the investment to grow to $10,000?

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

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:09 AM

See More Questions

Solve the following crossword. (Round your final answers to the nearest dollar, but do not round intermediate calculations.) ACROSS 1. A rich uncle has promised to pay you $3,160 a year for the next...
Robert Williams is considering an offer to sell his medical practice, allowing him to retire five years early. He has been offered $500,000 for his practice and can invest this amount in an account...
Basic present Values Concepts In three years, when he is discharged from the Air Force, Steve wants to buy an $8,000 power boar. Required: What lump-sum amount must Steve invest now to have the...
Consider the following multiplicative demand function where QD = quantity demanded, P = selling price, and I = disposable income: QD = 1.6 P -1.5 Y .2 QD = 1.6 P ^-1.5y.2 The coefficient of I...
The following events take place: 1. The Special Revenue Fund transfers $8,000 to the Internal Service Fund as a temporary loan. 2. The Internal Service Fund bills the Special Revenue Fund $20,000 for...
Consider the following sets of replicate measurements: For each set, calculate the (a) Mean; (b) Median; (c) Spread, or range; (d) Standard deviation (e) Coefficient of variation. 9.5 0.612 20.63 8.5...
7. The gain or loss on remeasurement is included in net income each year if the temporal method is used. Explain why this makes sense economically. Foreign Currency Financial Statements 491
McCall Corporation manufactures furniture in several divisions, including the patio furniture division. The manager of the patio furniture division plans to retire in two years. The manager receives...
please fill in the blanks
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The amount required to settle a $680 debt after 300 days was $730.30. What rate of interest was charged on the debt?
The amount required to pay off a $3500 loan at 8.4% was $3646.60. What was the term (in days) of the loan?
Audit procedures differ from, but are related to, types of evidence. The following questions relate to types of evidence and audit procedures. a. What is an audit procedure? b. Why should audit...
Use the following data to calculate the requested ratios for Tristar Transport and Logistic Services. Briefly analyse each answer. 1) Days accounts receivable. 2) Inventory turnover. 3) Debt/equity....
The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours....
The Hudson Company is the sponsor of an IRS qualified defined benefit pension plan for a single employer. The pension plan calculates pension benefits based on factors like age, years of service, and...
Find the area enclosed by one loop of the four-leaved rose r = cos(20).
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production 65,000...
Ante enterprise has the following items in its income statement: sales were $1,250,000; operating expenses were $325,000; cost of goods sold came to $650,000; interest expense was $50,000; interest...
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
Amortized Cost Model} OBJECTIVE 12 Mayco Financial began operations in 2018 and invests in bonds held to maturity. On January 1, 2018, Mayco acquired a $\$ 5,000,0006 \%$ bond ( $6.16 \%$ yield)...
For a final result of approximately $7000 to be accurate to the cent, what minimum number of figures must be retained in the values used in the calculations? A) 6 B) 7 C) 8
Evaluate each of the following. 2 2 + 4 8
Express each of the following first as a decimal and then as a percent. Round your answers to two decimal places where rounding is needed. 1 / 10
Q1) The equity of Washington Ltd at 1 July 2020 consisted of: Share capital 500 000 A ordinary shares fully paid $1 500 000 400 000 B ordinary shares issued for $2 and paid to $1.50 600 000 General...
out The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at...
Exercise 10-8 Utilization of a constrained Resource [LO10-5, L010-6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit...

Janesh has savings of $9625.63. If he can invest this amount to earn 7.8%, how many days

Question:

Step by Step Answer:

Amount earned I S P 100...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions