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

Question

1 Approved Answer

how many years will it take to get the following: $995 to become $2,800 at 12% compounded monthly? 104 years 85 years 9 years 12

how many years will it take to get the following:
$995 to become $2,800 at 12% compounded monthly?
104 years
85 years
9 years
12 years

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

Foundations Of Financial Markets And Institutions

Foundations Of Financial Markets And Institutions

Authors: Frank J. Fabozzi, Franco Modigliani, Michael G. Ferri

2nd Edition

0136860567, 9780136860563

More Books

Students also viewed these Finance questions

Question

★★★★★
True or False: 1. Utility is the satisfaction or enjoyment derived from consumption. 2. Economists do not think it is possible to compare the relative satisfaction derived from consumption across...

Answered: 1 week ago

Question

★★★★★
Virtualization always results in performance degradation compared to running workloads on physical hardware. Question 6 Answer True False

Answered: 1 week ago

Question

★★★★★
For the events A and B of a sample space , it is known that P(A) 0 and P(B) 0. If A and B are independent, then they are also disjoint (mutually exclusive).

Answered: 1 week ago

Question

★★★★★
The following is the pre closing trial balance for Allen University as of June 30, 2017. Additional information related to net assets and the statement of cash flows is also provided. Additional...

Answered: 1 week ago

Question

★★★★★
1. Jones Corp. reported current assets of $186,000 and current liabilities of $130,500 on its most recent balance sheet. The current assets consisted of $63,400 Cash; $45,100 Accounts Receivable; and...

Answered: 1 week ago

Question

★★★★★
Blanding Manufacturing started in Year 2 with the following account balances. Cash Common stock Retained earnings $5,100 4,445 5,900 2,200 Work in process inventory 860 Finished goods inventory (380...

Answered: 1 week ago

Question

★★★★★
Question #8 of 50 Question ID: 1158320 Registered principal Jane has just received a recommendation from Charlotte for the purchase of a deferred variable annuity for Charlotte's client, William....

Answered: 1 week ago

Question

★★★★★
A bike assembly line in a manufacturing system uses 400 pedals per day. Pedals can be produced at a rate of 800 units per day. The shop operates 20 days a month. Assume that demand is uniform...

Answered: 1 week ago

Question

★★★★★
The year is 2030, and the rate of change has continued to exponentially increase over the last few years. Select a current organization that you believe will still be successful in the year 2030. I...

Answered: 1 week ago

Question

★★★★★
a company that operates for 50 weeks in a year is concerned about its stocks of copper cable. This costs rs. 240 a meter and there is a demand for 8000 meters a week . Each replenishment costs rs....

Answered: 1 week ago

Question

★★★★★
25) A coffee shop operates 7 days per week and needs to determine how many workers (full-time equivalent, FTE) employees to staff. Employees work 12 hour shifts. A FTE is defined as an employee that...

Answered: 1 week ago

Question

★★★★★
identify potential sources of information for your project and how you might access it;

Answered: 1 week ago

Question

★★★★★
develop your skills of project planning.

Answered: 1 week ago

Question

★★★★★
evaluate different research strategies;

Answered: 1 week ago

Previous Question Next Question