FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An account earns a periodic compounding rate of 5.5%. How many periods would It take foe a single deposit In this account to quadruple (x

An account earns a periodic compounding rate of 5.5%. How many periods would It take foe a single deposit In this account to quadruple (x 4) In value? Weep AT LEAST 3 decimal places in any intermediate steps. Round yew final answer to 2 decimal places. ie 3.26].

Step by Step Solution

★★★★★

3.48 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Let the number of years to quadruple ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Mathematics for Business Economics Life Sciences and Social Sciences

College Mathematics for Business Economics Life Sciences and Social Sciences

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

12th edition

321614003, 978-0321614001

More Books

Students also viewed these Finance questions

Question

★★★★★
Complete the following ANOVA table. *Round your answer to 2 decimal places, the tolerance is +/-0.01. **Round your answer to 3 decimal places, the tolerance is +/-0.001. *** Round your answer to 2...

Answered: 1 week ago

Question

★★★★★
How many compounding periods are there in a year when an investment compounds interest monthly? Quarterly? Daily?

Answered: 1 week ago

Question

★★★★★
In how many years will money quadruple at 8% compounded quarterly?

Answered: 1 week ago

Question

★★★★★
Suri recently took a job in the marketing department for All Access Cable Company. After just a few days on the job. After just a few days on the job, Suri learned that the company has many layers of...

Answered: 1 week ago

Question

★★★★★
Explain how each of its strategic components-distinctive competence, scope, and resource deployment-plays a role in Google's success?

Answered: 1 week ago

Question

★★★★★
15-13A. (Break-even point and operating leverage) Allison Radios manufactures a complete line 01' radio and communication equipment for law enforcement agencies. The average selling price of its...

Answered: 1 week ago

Question

★★★★★
Does the person have her/his vita posted?

Answered: 1 week ago

Question

★★★★★
Lightning Delivery Company purchased a new delivery truck for $ 45,000 on April 1, 2016. The truck is expected to have a service life of 10 years or 120,000 miles and a residual value of $ 3,000. The...

Answered: 1 week ago

Question

★★★★★
This is a two part project (Directions file) and the submission for Part A should be saved for use in Part B. The application of the accounting content AND the use of Excel/Sheets functionality are...

Answered: 1 week ago

Question

★★★★★
In light of the successful turnaround do you think the federal bailout of GM was warranted What are the pros and cons after the fact Which factors that were pivotal to the sales rebound at GM were...

Answered: 1 week ago

Question

★★★★★
Please solve it quickly within 15 minutes and get two upvotes immediately. Thank you Green Load Company is considering the following projects: Cash Flows Max Stream Alpha Vision Present value of net...

Answered: 1 week ago

Question

★★★★★
Current Attempt in Progress The following transactions of Beltville College transpired during 2025. The funds necessary are the Endowment Fund, the Annuity Fund, the Plant Fund-Unexpended, the Plant...

Answered: 1 week ago

Question

★★★★★
Given Information:" Enter a formula in the place of each "?" Make sure to use a conditional statement in cell D33. 1 Cash on hand at the company and not yet deposited at the bank. 5,475 2 EFT for...

Answered: 1 week ago

Question

★★★★★
B. Franc earns $15 an hour as a delivery driver. His company also pays him $30 a week for car maintenance. What is the function that describes Franc's weekly earnings? 1 answer

Answered: 1 week ago

Question

★★★★★
1. Matilda has been highly agitated for the past 2 weeks, particularly when watching TV. She believes that news stories about crimes occurring nationally are directed at her and that the reporters...

Answered: 1 week ago

Question

★★★★★
Greg, 40, and Melanie, 38, come to therapy with their son Adrian, who is 13. Greg explains that Adrian has always been a little different. He describes his son as a reader and a dreamer who was...

Answered: 1 week ago

Question

★★★★★
1. (a) If you haven't already done so, enter the following commands: f-inline ('2*y', 't' .'y); >> t-1 inspace(0, .5,100); y-3*exp(2*t); % defines the exact solution of the ODE >> [t50 , y50]-euler(,...

Answered: 1 week ago

Question

★★★★★
At 31 December 20X9, the end of the annual reporting period, the accounts of Huron Company showed the following: a. Sales revenue for 20X9, $ 2,950,000, of which one- quarter was on credit. b....

Answered: 1 week ago

Question

★★★★★
In Problems 1-8, find each anti derivative. Then use the anti derivative to evaluate the definite integral. (A) (B) 4. (A) (B) 6. (A) (B) 12xy dx (4x + 6y +5) dy :4 (4x 6y 5) dy dy

Answered: 1 week ago

Question

★★★★★
If a state resident is selected at random, what is the (empirical) probability that the resident is (A) A Democrat or prefers candidate fl? What are the odds for this event? (B) Not a Democrat and...

Answered: 1 week ago

Question

★★★★★
In Problems 7-20, find the area bounded by the graphs of the indicated equations over the given interval. Compute answers to three decimal places. y = - x3 + 3 ; y = 0; 0 x 2

Answered: 1 week ago

Question

★★★★★
At the company described in Exercise 51, what percent of the absent employees are on the night shift? Exercise 51 A company's records indicate that on any given day about 1 % of their day-shift...

Answered: 1 week ago

Question

★★★★★
An airline offers discounted "advance-purchase" fares to customers who buy tickets more than 30 days before travel and charges "regular" fares for tickets purchased during those last 30 days. The...

Answered: 1 week ago

Question

★★★★★
A student figures that he has a 30% chance of being let out of class late. If he leaves class late, there is a 45% chance that he will miss his train. What is the probability that it will cause him...

Answered: 1 week ago

Previous Question Next Question