Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

Investing a principal amount of $4500.00 at 7.5% compounded semi-annually, how much would you have after 9 years? a. 1729.68 b. 3729.69 C. 4729.69 d.

image text in transcribed

Investing a principal amount of $4500.00 at 7.5% compounded semi-annually, how much would you have after 9 years? a. 1729.68 b. 3729.69 C. 4729.69 d. 8729.68

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

How To Give Financial Advice To Couples Essential Skills For Balancing High Net Worth Clients Needs

Authors: Kathleen Burns Kingsbury

1st Edition

0071819118,0071819126

More Books

Students also viewed these Finance questions

Question

★★★★★

What is meant by shock advertising? Evaluate the arguments for and against the use of shock advertising by marketers.

Answered: 1 week ago

Question

★★★★★

Consider the following information for three stocks, Stocks A, B, and C. The returns on the three stocks are positively correlated, but they are not perfectly correlated. (That is, each of the...

Answered: 1 week ago

Question

★★★★★

The content and scope of the European Public Procurement Directives.

Answered: 1 week ago

Question

★★★★★

A company manufactures large freezers for grocery stores. It is presently trying to plan its production and inventory levels for the next six months. Because of seasonal uctuations in utility and raw...

Answered: 1 week ago

Question

★★★★★

Investing a principal amount of $4500.00 at 7.5% compounded semi-annually, how much would you have after 9 years? a. 1729.68 b. 3729.69 C. 4729.69 d. 8729.68

Answered: 1 week ago

Question

★★★★★

Yellow Companys Shareholders equity comprised of 50,000 shares of P100 par ordinary shares, P3,000,000 of share premium and retained earnings of P1,500,000. Share dividends of 10% were declared when...

Answered: 1 week ago

Question

★★★★★

Problem 2: The number of minutes between successive arrivals of airplanes at an airport is a random variable X with cumulative distribution function a. Find P(3X9). F(x)=1-e-0.2x *>0 b. Find the...

Answered: 1 week ago

Question

★★★★★

The Bigelow Bicycle Company presently has a daily demand of 3 0 0 bicycles. Each bicycle is worth $ 5 0 0 . Presently they have 2 1 0 0 units of inventory. Their outstanding accounts receivable total...

Answered: 1 week ago

Question

★★★★★

Refer to the discussion of the Chicago-West Coast pricing decision in the case: Should American counter Continental's $159 fare with a relatively unrestricted discount fare on the nonstop...

Answered: 1 week ago

Question

★★★★★

Original advertising strategy: Q1: [50,50,20,20,60] Q2: [10,10,30,60,80] Q3: [30,30,30,50,100] Q4: [50,90,20,20,10] Calculate the standard deviation for each quarter and variances After the new...

Answered: 1 week ago

Question

★★★★★

Constructing Confidence Intervals In Exercises 37-40, you are given the sample mean and the sample standard deviation. Use this information to constran the 90% and 95% confidence intervals for the...

Answered: 1 week ago

Previous Question Next Question