Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 10, 2024

If Tanisha has $1,000 to invest at 7% per annum compounded monthly, how long will it be before she has $1,850? If the compounding is

If Tanisha has $1,000 to invest at 7% per annum compounded monthly, how long will it be before she has $1,850? If the compounding is continuous, how long will it be? Compounding monthly, it will be about years before Tanisha has $1,850. (Round to two decimal places as needed.)

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

Harmonic Analysis On Exponential Solvable Lie Groups

Authors: Hidenori Fujiwara, Jean Ludwig

1st Edition

443155288X, 9784431552888

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Is the cross product associative? (A x B) x C = A x (B x C). If so, prove it; if not, provide a counterexample.

Answered: 1 week ago

Question

★★★★★

On April 1, 20Y1, Whitney Lang and Eli Capri form a partnership. Lang agrees to invest $18,000 cash and merchandise inventory valued at $50,000. Capri invests certain business assets at valuations...

Answered: 1 week ago

Question

★★★★★

=+a) What is the value predicted by this model for January 2010 1Time = 20102?

Answered: 1 week ago

Question

★★★★★

Refer to the following financial statements for Crosby Corporation: Sales.......................................................................................... $2,200,000 Cost of goods...

Answered: 1 week ago

Question

★★★★★

Assume The Salvation Army purchased a building for $970,000 and depreciated it on a straigh After using the building for 10 years, The Salvation Army realized that the building will remain The...

Answered: 1 week ago

Question

★★★★★

ata Analytics can find hidden patterns and trends in huge amounts of data. True False

Answered: 1 week ago

Question

★★★★★

A pony, tied to the end of a lead, can walk in a full circle, a distance of 56.55 meters. About how long is its lead? A. 28.3 meters B. 18.0 meters C. 9.0 meters D. 7.5 meters

Answered: 1 week ago

Question

★★★★★

2. For an idealized slipper-pad bearing, the bottom wall moves at a constant velocity U and the upper block is fixed. Both the moving and fixed walls are non- permeable. If the velocity within the...

Answered: 1 week ago

Question

★★★★★

4. The monthly profits of Hi-Mark corporation were organized into a frequency distribution. The mean of monthly profits was computed to be $105 600, the median $104 700, and the mode $104 200. (a)...

Answered: 1 week ago

Question

★★★★★

Ralph Young was a commercial tour boat operator on the northern coast of Kauai, Hawaii. He was licensed by the state of Hawaii to operate his boat in Hanalei Bay. The U . S . Department of...

Answered: 1 week ago

Question

★★★★★

A stainless-steel bar is heat up to 1400K and cooldown to improve the hardness of the metal is removed from an furnace and cool down by immersing it in 15 kg of water at 27C. appropriate constant...

Answered: 1 week ago

Question

★★★★★

The following table is completed but please correct me and explain why is incorrect to improve my undestanding. A sonographer increases the depth of view by a factor of two during an exam. Assume...

Answered: 1 week ago

Question

★★★★★

Advanced: Calculation of joint product costs and the evaluation of an incremental order Rayman Company produces three chemical products, J1X, J2Y and BIZ. Raw materials are processed in a single...

Answered: 1 week ago

Question

★★★★★

Advanced: Joint cost stock valuation and decision-making Milo pic has a number of chemical processing plants in the UK. At one of these plants it takes an annual input of 400 000 gallons of raw...

Answered: 1 week ago

Question

★★★★★

Advanced: Joint cost apportionment and decision-making Hawkins Ltd produces two joint products, Boddie and Soull. A further product, Threekeys, is also made as a by-product of one of the processes...

Answered: 1 week ago

Previous Question Next Question