Question: With interest at 6% per annum compound, how long will it take $1000 to accumulate to $1500?

With interest at 6% per annum compound, how long will it take $1000 to accumulate to $1500?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Modeling Questions!

Q:

P11 rest to follow, thanks. If possible, due within 72 hours. Practical 11 - step by step please 1. A R1 000 is deposited inh a bank in May and withdrawn in October the same year. Find the future...

Q:

Hello please answer to the following question. good luck 29. Annuities. You can buy a car that is advertised for $24,000 on the following terms: (a) pay $24,000 and receive a $2,000 rebate from the...

Q:

just multiple choice and short questions .......................... Wentworth Institute ASSESSMENT COVER SHEET STUDENT SURNAME: UNIT CODE NO: FNSINC601 STUDENT FIRST NAME: UNIT NAME: Apply economic...

Q:

1. Explain in your own words "simple interest and compound interest". 2. Calculate the present value of 6000 that is expected to be received in three years' time with simple interest of 7.5% per...

Q:

EXERCISE 1.3 A I. FIND THE ACTUAL AND APPROXIMATE TIME BETWEEN TWO MONTH ACTUAL TIME APPROXIMATE TIME TOTAL DATES a. January 20, 2015 to October 14, 2015 b. October 8,2015 to July 7, 2016 MONTH...

Q:

EXERCISE 1.6 Solve the following: 1. Accumulate P300,000 for 8 years at 7% simple interest. 2. What final amount would Raziel have, if she deposited P90,000 for 3 years and 6 months at 9.5% simple...

Q:

practice case i need help with. just need the 3 steps. Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu Bob I just retired in his early 50's and...

Q:

annum 9. Find the length of time necessary for GHc 1,000 to accumulate to GHC 1.500 if invested at compound interest of 6% per annum convertible semi-annually. 10. At what compound interest rate,...

Q:

(Management Accounting) Recommend all the calculations are done using Excel Spreadsheet (45 marks) Case - Food Truck Business You and your best friend recently graduated with a business diploma. Both...

Q:

could you please tell me what information you need? Recommend all the calculations are done using Excel Spreadsheet (45 marks) Case - Food Truck Business You and your best friend recently graduated...

Q:

After World War I, attention shifted away from scientific management to understanding the role of _____________ in organizations. a. Managerial corruption b. Law and politics c. Gender and sexual...

Q:

Fig. 3(b). 4. For the shown in Fig. 4(a) the generators are connected at the four buses, while the loads are at [5] buses 2 and 3. Values of real and reactive powers are listed in Table 4(b). All...

Q:

Bernard drove 600 km from City P to City Q. The average speed of his return journey was 7 km/h faster and the time taken was 15 minutes less (i) If he drove at an average speed of x km/h on his...

Q:

Assume you were given information regarding current ratios for three consecutive years. Can you determine the general condition of liquidity without calculating working capital? If the following...

Q:

Perform a sensitivity analysis (using Data|Table) on the certainty-equivalence factor in Section 7.5, showing how the IRR of the differential cash flows varies with the CE factor.

Q:

The exercise disk for this chapter contains monthly data for stock prices of Kellogg and IBM. Compute the return statistics and graph a frontier of combinations of the two stocks.

Q:

In the previous problem find two portfolios whose standard deviation is 45%. (There is an analytical solution to this problem, but it can also be solved by Solver.)

Q:

estimate a regression with stock's excess return as the dependent (Y) variable and the S&P 500 excess return as the independent (X) independent variable. compute excess return, assume risk free rate...

Q:

What happens when you enter text in a cell that already contains an entry? Group of answer choices None of the above. The cell contains both the original entry and the new entry. Excel rejects the...

Q:

1. A company selling a certain product has determined is revenue and cost functions to be h(x)=x(9008x)c(x)=1,440+25x Where x is the number of units producedsold (n theusands) a) (2 points) Write the...