Janice has $5,000 invested in a bank that pays 3.8% annually. How long will it take for
Question:
Janice has $5,000 invested in a bank that pays 3.8% annually. How long will it take for her funds to triple?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
computation of the no of year to rach the goal Presen...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
Question Posted:
Students also viewed these Accounting questions
-
How long will it take for monthly payments interest rate on the loan is: a. 6% compounded monthly? b. 7% compounded monthly? c. 8% compounded monthly? d. 9% compounded monthly
-
How long will it take for monthly payments interest rate on the loan is: a. 7.5% compounded annually? b. 7.5% compounded semiannually? c. 7.5% compounded quarterly? d. 7.5% compounded monthly?
-
How long will it take a payment of $500 per quarter to amortize a loan of $8,000 at 16% compounded quarterly? Approximate your answer in terms of years and months. How much less time will it take if...
-
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. -3i(7 + 6i)
-
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr). Additional Information Agee issued additional shares...
-
Which of the following is true for service firms? a. They have no inventory. b. They incur inventoriable costs. c. They have no need at all to know the costs incurred. d. They do not record price in...
-
What is the purpose of a decision tree? What are the advantages and disadvantages of using a decision tree? AppendixLO1
-
You have two Windows Server 2016 computers with the Hyper-V role installed. Both computers have two hard drives, one for the system volume and the other for data. One server, HyperVTest, is going to...
-
Ly Company disposed of two different assets. On January 1, prior to disposal of the assets, the accounts reflected the following: The machines were disposed of in the following ways: a. Machine A:...
-
1. If you were Ethney, how would you try to conduct yourself at the oil company? Would you act differently from your normal personality? Do you think your approach would be successful? Why? 2. What...
-
You just took a $20,000, Eight-year loan. Payments at the end of each month are flat (equal in every month) at an annual interest rate of 8 percent. Calculate the monthly payment. Provide the...
-
Use Excel to construct an amortization table for the following mortgage. In the amortization table, provide all the information listed below. (Assuming interest is compounded monthly and payments are...
-
Identify and briefly describe the two ways to estimate bad-debt expense and uncollectible accounts, using the allowance method.
-
Part 1 - Financial Statement Analysis Income Statement Kirks Family Restaurant December 31, 2018 Sales 480,000 Interest revenue 15,000 Total Revenue 495,000 Cost of goods sold 200,000 Gross Margin...
-
Find the most general value of satisfying tan 0 = -3.
-
(i) Undercasting of the debit side of Bank column. 70 (ii) Cheques issued but not presented for payment till 01-01-2011. 1,450 (1,520) 2,179 Bank Balance as per Pass Book as on 1-1-2011. Different...
-
Determine the stiffness matrix K for the truss. Take A = 0.0015 m^2 and E = 200 GPa for each member. Please show the step-by-step solution. 5 410 9 3 5 7 7 8 A4 Tesol242 3 2 4 4 5 6 2 4 m 4 m 20 kN...
-
Probability Mr Pandazis Practice Questions for Test #1 Math 241 1. Define a sample space S for the following experiment. Toss a coin three times and record the outcome for each toss. 2. A card is...
-
n Compare employment laws and regulations in various countries and analyze their effects on IHRM
-
General Electric Capital, a division of General Electric, uses long-term debt extensively. In a recent year, GE Capital issued $11 billion in long-term debt to investors, then within days filed legal...
-
If necessary, review Theorem 1. The feasible region is the set of points on and inside the triangle with vertices (0, 0), (8, 0), and (0, 10). Find the maximum and minimum values of the objective...
-
What are some nonfinancial measures that a company might use in order to motivate achieving the objective of reducing product development cycle time across an array of products?
-
What activities are included in environmental costing?
-
What are some examples of explicit and implicit environmental costs?
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App