Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 17, 2022

How long it will take an investment of $15000 to triple in value with return of 9% annual?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

It can be done by rule of 115 which is a... 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

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

Principles Of Managerial Finance

Authors: Lawrence J. Gitman, Chad J. Zutter

13th Edition

9780132738729, 136119468, 132738724, 978-0136119463

More Books

Students explore these related Accounting questions

Question

Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. a. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his...

Answered: 3 weeks ago

Question

Mia Salto wishes to determine how long it will take to repay a loan with initial proceeds of $14,000 where annual end-of-year installment payments of $2,450 are required. a. If Mia can borrow at a...

Answered: 3 weeks ago

Question

We sometimes need to find how long it will take a sum of money (or anything else) to grow to some specified amount. For example, if a company's sales are growing at a rate of 20 percent per year, how...

Answered: 3 weeks ago

Question

Determine the number of valence electrons for each of thefollowing four elements. Part A Ga _______ Express your answer as an integer. Part B Pb ________ Express your answer as an integer. Part C Cl...

Answered: 3 weeks ago

Question

Listening Company made the following adjusting journal entries at December 31, 2015: Instructions Journalize the reversing entries required. a. Depreciation Expense 4,100 Accumulated...

Answered: 3 weeks ago

Question

Table 1.2 illustrates a possible scenario in a trade on gold futures. On day 1 , when the gold futures price is $\$ 1350$ per ounce, we enter a long position for two contracts, whose unit size is...

Answered: 3 weeks ago

Question

What is the difference between validity and reliability? Create two examples of how each might manifest as a challenge in HR data.

Answered: 3 weeks ago

Question

Data for Munsun Company are presented in P12-3A. In P12-3A, The income statement of Munsun Company is presented Instructions Prepare the operating activities section of the statement of cash flows...

Answered: 3 weeks ago

Question

Machining department, Vancouver: total manufacturing costs - $ 2 2 0 , 8 3 0 actual, $ 2 1 8 , 8 2 0 budgeted. Hamilton factory: total manufacturing costs - $ 4 2 2 , 2 2 0 actual, $ 4 2 1 , 4 7 0...

Answered: 3 weeks ago

Question

Gapco manufactures three products, whose daily labor and raw material requirements are given in the following table. The profits per unit of the three products are $25, $30, and $22, respectively....

Answered: 3 weeks ago

Question

1- The CVP analysis and incremental analysis affect the behavior of people. Behavioral consequences can be either positive or negative. 2- What kind of effects do the CVP and incremental analysis...

Answered: 3 weeks ago

Question

5. Consider this figure below, which shows a 1D, single-phase, steady state flow taking place in homogeneous, porous medium. Use the diffusivity equation below and with the boundary conditions to...

Answered: 3 weeks ago

Question

Frank Catton, the general manager of Billybob's floating raft hotel and casino in Tunica Mississippi, has installed the "The Wheel of Doughnuts" at the hotel check in desk. When someone checks in...

Answered: 3 weeks ago

Question

Answer in C language is required. Task 1. Your task is to add required socket API calls TCP and UDP server & client. After that, compile and run both server & client and understand the code. Task 2....

Answered: 3 weeks ago

Question

As shown in Fig. 4.60, a horizontal beam is hinged to the wall at point A. The length of the beam is 1 = 2 m and it weighs W = 150 N. Point C is the center of gravity of the beam and it is...

Answered: 3 weeks ago

Question

GL0202 (Algo) - Based on Exercise 2-13 Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated...

Answered: 3 weeks ago

Question

In TCP / IP , data unit at the third layer carries data belonging to the header belonging to the _ _ . _ _ layer. fourth; fourth O third; fourth fourth; third fifth; fourth

Answered: 3 weeks ago

Question

What are the main distinctions between the different schools of legal interpretation?

Answered: 3 weeks ago

Question

For a given class of similar-risk securities, what does each of the following yield curves reflect about interest rates: (a) Downward-sloping; (b) Upward-sloping; and (c) Flat? What is the normal...

Answered: 3 weeks ago

Question

The table below shows a mixed cash flow stream, except that the cash flow for year 3 is missing. Year 1 ....... $10,000 Year 2 ....... 5,000 Year 3 ....... Year 4 ....... 20,000 Year 5 ....... 3,000...

Answered: 3 weeks ago

Question

Cooper Industries, Inc., began 2012 with retained earnings of $25.32 million. During the year it paid four quarterly dividends of $0.35 per share to 2.75 million common stockholders. Preferred...

Answered: 3 weeks ago

Question

In Section 13.6, adjusted mean BMI values were obtained for the two nominal variables exercise and tobacco_now. A drawback of the approach used is that these four adjusted means were estimated for...

Answered: 3 weeks ago

Question

In Problem 19 in Chapter 5 and Problem 14 in Chapter 8, data from the 1990 Census for 26 randomly selected Metropolitan Statistical Areas (MSAs) were discussed. Of interest were factors potentially...

Answered: 3 weeks ago

Question

In an experiment conducted at the National Institute of Environmental Health Sciences, the absorption (or uptake) of a chemical by a rat on one of two different diets, I or II, was known to be...

Answered: 3 weeks ago

Previous Question Next Question