At 10% per year simple interest, how long will it take for a deposit of $1000 now

Question:

At 10% per year simple interest, how long will it take for a deposit of $1000 now to accumulate to

$100,000?

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

Step by Step Answer:

Related Book For book-img-for-question

Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

See More Books

Question Posted: Oct 26, 2024 07:00 AM

See More Questions

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...
A financial institution can borrow $100 million for 2 years at 3%. It plans to invest this money in a 1-year security with an interest rate of 4.8% per year. Calculate net interest income for the...
Write a paper with three separate sections that include the following: Debt-Equity: Determine the effects of using debt versus equity to finance a company. Select the preferred method for your...
The nameplate on a 50-MVA, 60-Hz single-phase transformer indicates that it has a voltage rating of 8.0-kV: 78-kV. An open-circuit test is conducted from the low-voltage side, and the corresponding...
At 10% per year simple interest, how long will it take for a deposit of $1000 now to accumulate to $100,000?
Suppose that Lone Star Designs has two classes of distributors: class A distributors and class B distributors. The class A distributor places small, frequent orders, and the class B distributor tends...
How are your reasons different?
Valtro Electronic Systems, Inc. set aside a lump sum investment four years ago in order to finance a plant expansion now. The money returned 10% per year simple interest. How much did the company set...
Fill in the missing values A through D in the table for a loan of $10,000, if the interest rate is compounded at 10% per year.
What is synergy and how is it created by IMC? LO.1
Instructions Project Description: I would like everyone to copy the code written in the image saved in this assignment. This assignment uses all the programming we will cover for the semester. The...
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 260 units from the January 30 purchase, 5 units...
Assume that you are part of the marketing team for Oasis that is in charge of the marketing program and marketing budget allocation for your province. The allocation of resources for the current year...
Problem 2 Janelle McKnight starts a business called Newberry Cleaning. The following events occurred during its first month of business. Show the effects of each transaction using the accounting...
Task 2: Team communications and ways of working plan This activity is based on your role of Team Leader at Azure Beach Accountants and Financial services, where you continue to supervise Jo, Quinn...
Consider a two-stage cascade refrigeration cycle and a two-stage compression refrigeration cycle with a flash chamber. Both cycles operate between the same pressure limits and use the same...
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...

At 10% per year simple interest, how long will it take for a deposit of $1000 now

Question:

Step by Step Answer:

Basics Of Engineering Economy

Students also viewed these Business questions