Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

1.If an investment of $800 earned interest of $320 at 6% compounded monthly, for how many years was the money invested

1.If an investment of $800 earned interest of $320 at 6% compounded monthly, for how many years was the money invested

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Square Summable Power Series

Authors: Louis De Branges, James Rovnyak

1st Edition

0486801365, 9780486801360

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Estimate g(1.2) g(1) if g(1) = 4.

Answered: 1 week ago

Question

★★★★★

please show work in excel You just got hired by McKinsey \& Company as a financial consultant and they're paying you an egregious amount of money. Accordingly, they have you working on the tough...

Answered: 1 week ago

Question

★★★★★

LOQ 16-15 What are the drug therapies? How do double-blind studies help researchers evaluate a drugs effectiveness?

Answered: 1 week ago

Question

★★★★★

1. What does an equipment trust certificate imply? 2. What is the cost of each bond if it is priced to yield 8 percent? 3. How much will have to be invested in the zero coupon bond to meet the...

Answered: 1 week ago

Question

★★★★★

1.If an investment of $800 earned interest of $320 at 6% compounded monthly, for how many years was the money invested

Answered: 1 week ago

Question

★★★★★

An 8% coupon bond matures in 5 years. The face value is $1,000 and has a current yield of 9.1%. What is the bond's current market price?

Answered: 1 week ago

Question

★★★★★

Dangerous Overseas Assignment Case StudyOn June 2 4 , 1 9 9 8 , Edward Leonard of Creston, British Columbia, a diamond driller workingfor Terramundo Drilling Inc. ( Terramundo ) was kidnapped by...

Answered: 1 week ago

Question

★★★★★

1. Explain the Customer-Supplier Duality in Service Supply Relationships Diagram.

Answered: 1 week ago

Question

★★★★★

Based on the scenario mentioned in the article, there are several recommendations I would give to the stakeholders to restore the preferred situation 1 . Sales Team: Explanation: The sales team...

Answered: 1 week ago

Question

★★★★★

1) Calculate average stress and strain generated in each component of the figure shown below and use ANSYS to evaluate same (CAD model for same is assignment3.sat, uploaded in canvas). Geometry...

Answered: 1 week ago

Question

★★★★★

Fresh Harvest is a new startup by 2 young entrepreneurs who are both passionate about sustainable agriculture and believed that this is viable potential business. Their aim is to address food...

Answered: 1 week ago

Question

★★★★★

There are lower levels of tertiary education in technical and scientific subjects than in other (developing) countries and this is likely to affect the skills pool.

Answered: 1 week ago

Question

★★★★★

Private sector organizations in South Africa spend only an estimated 2 per cent of payroll per year on education and training, compared with 68 per cent in the leading industrial nations (Horwitz et...

Answered: 1 week ago

Question

★★★★★

Government pressure has increased for the upward mobility of black managers, particularly in the public and parastatal (publicly owned utilities) sectors.

Answered: 1 week ago

Previous Question Next Question