Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 03, 2024

If 5000 is invested at 7 annual simple interest how long does it take to be worth 8150 yr If $5000 is invested at 7%

If 5000 is invested at 7 annual simple interest how long does it take to be worth 8150 yr

If $5000 is invested at 7% annual simple interest, how long does it take to be worth $8150?

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

Integrals Of Bessel Functions

Authors: Yudell L Luke

1st Edition

0486799395, 9780486799391

More Books

Students also viewed these Mathematics questions

Question

★★★★★

The following information has been extracted from the trial balance of M/s Randhir Transport Corporation. Adjustments 1. Closing stock for the year was Rs. 35,500. 2. Depreciation charged on plant...

Answered: 1 week ago

Question

★★★★★

Sonja Jensen is considering the purchase of a fast-food franchise. Sonja will be operating on a lot that is to be converted into a parking lot in six years, but that may be rented in the interim for...

Answered: 1 week ago

Question

★★★★★

Is it impossible in some circumstances to effect a change?? p-9687

Answered: 1 week ago

Question

★★★★★

Using the Birth Weight data set (a) create a scatterplot of babys birth weight (BWT) versus mothers weight at the last menstrual period (LWT). (b) describe the pattern of the data cloud in the...

Answered: 1 week ago

Question

★★★★★

A firm is considering two alternatives: At the end of 4 years, another B may be purchased with the same cost, benefits, and so forth. If the MARR is 10%, which alternative should be selected? A...

Answered: 1 week ago

Question

★★★★★

At the end of August, Carrochers Company had completed lobs 50 and 56,1065.50 is for 200 units, and isb 56 is for 2,000 units. The follewing data felate to these two jobs: On Aupust.4, raw materials...

Answered: 1 week ago

Question

★★★★★

An analysis of the transactions made by J. L. Kang & Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in stockholders' equity is explained....

Answered: 1 week ago

Question

★★★★★

Taylor Services, Inc., has $8,000 cash on hand on May 1. The company requires a minimum cash balance of $7,200. May cash collections are $548,390. Total cash payments for May are $566,090. Prepare a...

Answered: 1 week ago

Question

★★★★★

The term for the legal death of the artificial "person" of Sun Star Corp., or any other corporation, is Group of answer choices winding up. takeover. surviving corporation. dissolution.

Answered: 1 week ago

Question

★★★★★

Given a choice, a buyer of real property wants a quitclaim deed rather than a general warranty deed . True or false?

Answered: 1 week ago

Question

★★★★★

Lucy would like to receive $60,000 in the first year of her financial independence at age 60. After this first income payment, she is content with her annual income growing at the rate of inflation....

Answered: 1 week ago

Question

★★★★★

IDinsight is evaluating the impact of a new fertilizer on farmer income. 10 farmers who received fertilizer harvested a total of 500 bags of beans and 10 farmers that did not use fertilizer harvested...

Answered: 1 week ago

Question

★★★★★

Geography is a part of the global economy, especially from the perspective of economic interdependence. The patterns of networks include exchanges of very different types of economic connections that...

Answered: 1 week ago

Question

★★★★★

A table on the many side of a one to many or many to many relationship must: a ) Be in Second Normal Form ( 2 NF ) b ) Be in Third Normal Form ( 3 NF ) c ) Have a single attribute key d ) Have a...

Answered: 1 week ago

Question

★★★★★

Banner Company acquires an 80% interest in Roller Company for $640,000 cash on January 1, 2013. The NCI has a fair value of $160,000. Any excess of cost over book value is attributed to goodwill. To...

Answered: 1 week ago

Question

★★★★★

Minnesota Fats Corporation has outstanding 10,000 shares of $100 par value, 8% preferred stock and 60,000 shares of $10 par value common stock. The preferred stock was issued in January 2006, and no...

Answered: 1 week ago

Question

★★★★★

_ Ren Inc. owns shares of Stimpy Corporation stock classified as available-for-sale securities. At 7) December 31, 2006, the available-for-sale securities were carried in Rens accounting records at...

Answered: 1 week ago

Question

★★★★★

On February 1, 2007, Mario Andretti Corporation issued 2,000 shares of its $5 par value common stock for land worth $31,000. Prepare the February 1, 2007, journal entry.

Answered: 1 week ago

Previous Question Next Question