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

Question

1 Approved Answer

4. 0/2 points| Previous Answers HarMathAp12 5.3.045. If $8,000 is invested at 9% per year compounded monthly, the future value S at any time t

image text in transcribed

4. 0/2 points| Previous Answers HarMathAp12 5.3.045. If $8,000 is invested at 9% per year compounded monthly, the future value S at any time t (in months) is given by S = 8,000(1.0075) (a) What is the amount after 1 year? (Round your answer to two decimal places.) $8005.38 b) How long before the investment doubles? (Round your answer to one decimal place.) 7 X months Need Help? Read It Talk to a Tutor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Innovation And Finance

Innovation And Finance

Authors: Andreas Pyka, Hans-Peter Burghof

1st Edition

0415696852, 978-0415696852

More Books

Students also viewed these Finance questions

Question

What were the important events leading to Darwins appointment on the Beagle, and why did he consider himself as much a geologist as a naturalist at this time?

Answered: 1 week ago

Question

★★★★★
The Eastern Seaboard Company uses an estimated rate for allocating factory overhead to job orders based on machine hours for the machining department and on a direct labor cost basis for the...

Answered: 1 week ago

Question

★★★★★
A 20-year semi-annual bond with a $1,000 face value was issued with a Yield-to- Maturity of 4.30% and a coupon rate of 3.80 %. After 10 years, the Yield-to-Maturity is still 4.30% and the clean price...

Answered: 1 week ago

Question

★★★★★
Chattanooga Co. has collected the following per unit data: Direct labor $4 Variable selling and $5 admin. Direct materials 6 Fixed overhead $3 Variable overhead 3 Fixed selling and admin. $8 with a...

Answered: 1 week ago

Question

★★★★★
You have $375,000 to invest in a share portfolio. Your choices are as follows: Invest in FTV with an expected return of 14.25%. Invest in FHL with an expected return of 8.7%. FTV has a beta of 1.58....

Answered: 1 week ago

Question

★★★★★
1-18 Find the volume of the solid obtained by rotating the region bounded by the given curves about the specified line. Sketch the region, the solid, and a typical disk or washer. 1. y=2x, y = 0, x =...

Answered: 1 week ago

Question

★★★★★
about the case study "The Westerville Physician Practice: Value-Stream Mapping" on Pages 445 - 448 of our textbook, total wait time is 111minutes, processing time is 67minutes. I have questions about...

Answered: 1 week ago

Question

★★★★★
1. Your friend asks you to invest $10,000 in a business venture. Based on your estimates, you would receive nothing for four years, at the end of year 5 you would receive interest on the investment...

Answered: 1 week ago

Question

★★★★★
1 ) A global contracting organisation suffers from different types of organisational conflicts internally and within its clients and supply chain. You are appointed as a consultant to advise senior...

Answered: 1 week ago

Question

★★★★★
Describe how to train managers to coach employees. page 404

Answered: 1 week ago

Question

★★★★★
Explain how employee development contributes to strategies related to employee retention, developing intellectual capital, and business growth. page 379

Answered: 1 week ago

Question

★★★★★
Discuss the steps in the development planning process. page 381

Answered: 1 week ago

Previous Question Next Question