Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

4. Timber Inc. invested profits of $160,000.00 in a GIC at 4.12% compounded semi-annually. How long will it take for the investment to grow to

4. Timber Inc. invested profits of $160,000.00 in a GIC at 4.12% compounded semi-annually. How long will it take for the investment to grow to a value of at least $235,000.00?

years

months

Express the answer in years and months, rounded to the next month

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

The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies

Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones

1st Edition

0470609737, 978-0470609736

More Books

Students also viewed these Finance questions

Question

★★★★★

Describe the process by which projects are accepted using the internal rate of return.

Answered: 1 week ago

Question

★★★★★

Formulas provided by professor: EOQ=2DSHEOQ=2DSH TC=SDQ+HQ2TC=SDQ+HQ2 PurchasingCost=PD SigmaLTD=SQRT(L)*SigmaR SigmaLTD=R*SigmaL SL*=Cu/(Cu+Co) RT=I Rp=c/Tp Cycle Time = CT=1/Rp Takt Time = TT= 1/R...

Answered: 1 week ago

Question

★★★★★

=+3. What is cognitive reserve?

Answered: 1 week ago

Question

★★★★★

In this chapter, we discuss how Enron and other companies use variable interest entities (VIEs) to keep the effects of transactions and events off corporate balance sheets. 1. How does the FASB...

Answered: 1 week ago

Question

★★★★★

4. Timber Inc. invested profits of $160,000.00 in a GIC at 4.12% compounded semi-annually. How long will it take for the investment to grow to a value of at least $235,000.00? years months Express...

Answered: 1 week ago

Question

★★★★★

The historical average return for Haruhi Inc. stock is 10%. The historical standard deviation is 15%. Based on those numbers answer the following for Haruhi Inc. stock: About one in six years, your...

Answered: 1 week ago

Question

★★★★★

What is Accounting?

Answered: 1 week ago

Question

★★★★★

Define organisation chart

Answered: 1 week ago

Question

★★★★★

What are the advantages of planning ?

Answered: 1 week ago

Question

★★★★★

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

★★★★★

What Is acidity?

Answered: 1 week ago

Question

★★★★★

Stereotype threat, arises when one is in a situation or doing something for which a negative stereotype about ones group applies (Steele 1997:614) and has the potential to lower the motivation and...

Answered: 1 week ago

Question

★★★★★

1-4 How will MIS help my career?

Answered: 1 week ago

Question

★★★★★

The Social Justice case for D&I has been argued in strategic human resource management literature as having longer term impact in building an inclusive culture, as opposed to the Business Case,...

Answered: 1 week ago

Previous Question Next Question