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

Question

1 Approved Answer

Compound Interest How long will it take $ 7 , 0 0 0 . 0 0 to become $ 1 1 , 7 5 0

Compound Interest
How long will it take $7,000.00 to become $11,750.00 at 8.25% compounded weekly?
(Round your answer to two decimal places.)
It will take years.
image text in transcribed

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_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

International Finance

International Finance

Authors: Keith Pilbeam

3rd Edition

1403948372, 978-1403948373

More Books

Students also viewed these Finance questions

Question

★★★★★
'Planning systems and control systems are unrelated parts of a management accounting system.' Do you agree? Explain your answer.

Answered: 1 week ago

Question

★★★★★
The functions f and g are defined for x R by f: x a x g: x x + ax + b, where a and b are constants. Given that fg(1) = 1 and gf(1) = 1, find the values of a and b.

Answered: 1 week ago

Question

★★★★★
2. Describe the key components of the Cognitive Interview (CI) and in what ways these techniques facilitate how witnesses recall event details. Under what conditions might interviewers consider using...

Answered: 1 week ago

Question

★★★★★
Grant Computer Services, Inc., has been in business for six months. The following are basic operating data for that period Required a. What is the average service revenue per hour in each month and...

Answered: 1 week ago

Question

★★★★★
can anyone compute this for me, would be a big help! Te the folowing informition for The Windshield Helper, a retail merchandiser of auto windkhields, to compute the cost of goods sold: (Click the...

Answered: 1 week ago

Question

★★★★★
rewrite this introduction parapgrap APA: The purpose of this study is to explore the potential correlation between two key variables in the field of education: student averages in English Language...

Answered: 1 week ago

Question

★★★★★
a random sample of 780 births in new york state included 385 boys and that sample is to be used for a test of the common belief of male births in the population is equal to 0.512. in testing the...

Answered: 1 week ago

Question

★★★★★
BEMC received several improper payments innocently. It was not their intention to trick the payer into these payments. In this situation, it is the most innocent of reasons for improper payments...

Answered: 1 week ago

Question

★★★★★
6-2 Building Industry-Recognized Skills Submission: Power BI Series A PivotTable is used for

Answered: 1 week ago

Question

★★★★★
At the beginning of your project, you solicit bids from vendors to select the one that is best for the project. Which procurement document should you prepare to fulfill this task? 1 point Request for...

Answered: 1 week ago

Question

★★★★★
Differentiate the Simons, R. (2000) typology of capital investment types, clearly providing relevant examples and cases to enhance your discussion.

Answered: 1 week ago

Question

★★★★★
1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

Answered: 1 week ago

Question

★★★★★
2. If you decide to create your own brand, what personal qualities will give you greater visibility, recognition, and acceptance in the labor market? These qualities should send the message, Pick me;...

Answered: 1 week ago

Question

★★★★★
1. Some human resource department employees voice concerns when supervisors or team leaders get involved with the everyday problems of their workers. Discuss your thoughts regarding this issue.

Answered: 1 week ago

Previous Question Next Question