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

Question

1 Approved Answer

I need help with this question If an investment of $1109.00 earned interest of $218.00 at 7.8% compounded monthly, for how many years and months

I need help with this question

image text in transcribed
If an investment of $1109.00 earned interest of $218.00 at 7.8% compounded monthly, for how many years and months was the money invested? State your answer in years and months (from 0 to 11 months). The money was invested for | | year(s) and ] month(s)

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

Management Accounting

Management Accounting

Authors: Late RC Sekhar, AV Rajagopalan

1st Edition

195683609, 978-0195683608

More Books

Students also viewed these Accounting questions

Question

★★★★★
Refer to the information in QS. Assign costs to the assembly departments outputspecifically, the units transferred out to the painting department and the units that remain in process in the assembly...

Answered: 1 week ago

Question

★★★★★
Green Mountain Landscape Supply completed the following selected transactions during 2025: Journalize the transactions for Green Mountain Landscape Supply using the allowance method. Include the name...

Answered: 1 week ago

Question

★★★★★
What is the form of a multiple regression model for relating a response variable ???? to a set of explanatory variables (a) ????1 and ????2? (b) ????1,????2, and ????3? (c) ????1,????2,,?????????

Answered: 1 week ago

Question

★★★★★
The following information relates to La Greca Co. for the year 2015. Retained earnings, January 1, 2015 .......$48,000 Dividends during 2015 ........... 5,000 Service revenue .............. 62,500...

Answered: 1 week ago

Question

★★★★★
Knowledge Check Question 1 or 1 Which of the following statements are true? Select all that apply and click on Submit Different companies will use different charts of accounts based on individual...

Answered: 1 week ago

Question

★★★★★
The Chickn-Pickn fast-food chain is considering how to expand its operations. Three types of retail outlets are possible: a lunch counter operation designed for office buildings in downtown areas, an...

Answered: 1 week ago

Question

★★★★★
7) Find f ' (-3) for f(x) = 6x3 -13x2+72x-2 {6 pts} 8) Find the equation of the line tangent to g(x) = 5x2 - 12Vx - 14 at x = 9. {10 pts}

Answered: 1 week ago

Question

★★★★★
6.2 Estimate horizontal and vertical tail sizes for a twin-turboprop regional transport with wing area of 40 m, aspect ratio of 10, taper ratio of 0.5, leading-edge sweep of 5 deg, and tail moment...

Answered: 1 week ago

Question

★★★★★
1. Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 6% per annum, how much will she have...

Answered: 1 week ago

Question

★★★★★
Can you show that the non-dimensionally, power of hydraulic machines as P 3D5 e D2 D'wD

Answered: 1 week ago

Question

★★★★★
The purpose of this research assignment is to have you, complete research on a topic that may have an impact on Strategic Planning in Supply Chain. Please add a maximum of three exhibits ( graphs,...

Answered: 1 week ago

Question

★★★★★
Five faculty members will be issued laptop computers with network interface controllers (NICS). The faculty members want to use their laptops in their classrooms and offices. There are also...

Answered: 1 week ago

Question

★★★★★
4. What is the goal of the others in the network?

Answered: 1 week ago

Question

★★★★★
2. What we can learn from the past

Answered: 1 week ago

Question

★★★★★
17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...

Answered: 1 week ago

Previous Question Next Question