Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

How long will it take $49,000 placed in a savings account at 10% interest to grow into $74,000? OA. 3.33 years O B. 6.33 years

image text in transcribed

How long will it take $49,000 placed in a savings account at 10% interest to grow into $74,000? OA. 3.33 years O B. 6.33 years OC. 5.33 years OD. 4.33 years

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

Rental Application Form Book

Authors: Little Deer Press

1st Edition

979-8420403747

More Books

Students also viewed these Finance questions

Question

=+per pound, remains constant as Britains interest rate rises to 10 percent per year. If the U.S. interest rate also remains constant, what is the new equilibrium exchange rate?

Answered: 1 week ago

Question

★★★★★

Dalton Industries, Inc., has two major operating divisions, the Furniture Division and the Electronics Division. The company's main product is a deluxe entertainment center. The centers' components...

Answered: 1 week ago

Question

★★★★★

How long will it take $49,000 placed in a savings account at 10% interest to grow into $74,000? OA. 3.33 years O B. 6.33 years OC. 5.33 years OD. 4.33 years

Answered: 1 week ago

Question

★★★★★

Hailey purchase 400 shares of MLP common stock on margin at $25 per share. The initial margin is 60% and the maintenance margin is 40%. You will get a margin call if the stock price falls below...

Answered: 1 week ago

Question

★★★★★

Justin is a 13-year-old boy diagnosed with autism. He has an effective, but below average, use of spoken language but is able to communicate his emotions using picture cards that have a sad face, a...

Answered: 1 week ago

Question

★★★★★

Helen Martin Company issued $564,000 of 10%, 20-year bonds on January 1, 2025, at 102. Interest is payable semiannually on July 1 and January 1. Helen Martin Company uses the effective interest...

Answered: 1 week ago

Question

★★★★★

Southern Rail has just declared a dividend of $1. The average investor in Southern Rail faces an ordinary tax rate of 50%. Although the capital gains rate is also 50%, it is believed that the...

Answered: 1 week ago

Question

★★★★★

On March 20, Swifty's petty cash fund of $115 is replenished when the fund contains $15 in cash and receipts for postage $49, freight- out $11, and travel expense $35. Prepare the journal entry to...

Answered: 1 week ago

Question

★★★★★

Create DPIs master budget for the coming year using the information provided in the data input page of the file provided by your instructor. Your budget should be broken down so that the different...

Answered: 1 week ago

Previous Question Next Question