If the initial deposit in an account is ($ 10,000) and the account is worth ($ 12,560)

Question:

If the initial deposit in an account is $\$ 10,000$ and the account is worth $\$ 12,560$ after 7 years, what is the return on investment?

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

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

See More Books

Question Posted: May 30, 2024 09:01 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
1 If you deposit $16000 in a savings account at 3.3% interest per year, how much will you have in 37 years? (Answer to the nearest dollar) 5.00000 points QUESTION 2 How much money would you need to...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
What do you believe is the most challenging aspect of using the economic analysis workbook? Briefly describe the challenge and any suggestion you have to reduce the challenge.
A small new study shows that tai chi, an ancient Chinese practice of exercise and meditation, may relieve symptoms of chronic painful fibromyalgia. The study assigned 66 fibromyalgia patients to take...
Even though genetically engineered mosquitoes might be developed that do not allow the reproduction of malaria protozoa, these mosquitoes would have little, if any, immediate effect on the spread of...
Why is understanding diversity important when managing a multicultural project? AppendixLO1
You are to construct a star schema for Simplified Automobile Insurance Company (see Kimball, 1996b, for a more realistic example). The relevant dimensions, dimension attributes, and dimension sizes...
Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw...
Find the future value of an account if $\$ 450.00$ per quarter is invested in a savings account bearing $3.5 \%$ interest compounded quarterly for 10 years.
If $\$ 7,500$ is deposited in a 4 -year CD earning $3.28 \%$ interest compounded monthly, how much is in the account after 4 years?
Assume that the normal distribution applies and find the critical z values. = 0.05; H 1 is p 98.6F
Hogan Business Systems has a small number of sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During 2011 Hogan...
Bourret Inc. experienced the following events for the first two years of its operations. 2011: 1. Provided $\$ 60,000$ of services on account. 2. Provided $\$ 25,000$ of services and received...
A flowrate of lubricant oil is $5 \mathrm{~kg} / \mathrm{s}$ passing through a Venturi tube. The ratio of areas of the Venturi tube is $0.005 \mathrm{~m}^{2} /0.002 \mathrm{~m}^{2}$. The density...
Sketch on separate axes, in the interval 0 360, the graphs of: In each case show the coordinates of any maximum and minimum points, and of any points at which the curve meets the axes. a y = sec...
The wheel of radius $r=300 \mathrm{~mm}$ rolls to the right without slipping and has a velocity $v_{O}=3 \mathrm{~m} / \mathrm{s}$ of its center $O$. Calculate the velocity of point $A$ on...
What are the four types of audit opinions? What is the conclusion of each one?
Imagine a sound wave with a frequency of 1.10 kHz propagating with a speed of 330 m/s. Determine the phase difference in radians between any two points on the wave separated by 10.0 cm.
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...

If the initial deposit in an account is ($ 10,000) and the account is worth ($ 12,560)

Question:

Step by Step Answer:

Contemporary Mathematics

Students also viewed these Mathematics questions