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

Question

1 Approved Answer

Julian has been investing $1,500 at the beginning of every six months for a long time and earning 11% compounded semi-annually. His investments have now

image text in transcribed
Julian has been investing $1,500 at the beginning of every six months for a long time and earning 11% compounded semi-annually. His investments have now accumulated to $766,715. How long ago did he make the first $1,500 payment? 27 years ago 31 years ago 22 years ago 62 years ago 44 years ago

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

The Cyber Attack Survival Manual

The Cyber Attack Survival Manual

Authors: Heather Vescent ,Nick Selby

1st Edition

1681886545, 978-1681886541

More Books

Students also viewed these Finance questions

Question

In a study of babies born during the Dutch famine toward the end of World War II, those exposed to the famine in utero were more likely than those not as exposed to be obese as adults.

Answered: 1 week ago

Question

★★★★★
LIFO Inventory Advantages Jane Yoakam, president of Estefan Co., recently read an article that claimed that at least 100 of the countrys largest 500 companies were either adopting or considering...

Answered: 1 week ago

Question

★★★★★
Julian has been investing $1,500 at the beginning of every six months for a long time and earning 11% compounded semi-annually. His investments have now accumulated to $766,715. How long ago did he...

Answered: 1 week ago

Question

★★★★★
Tone Cox on the others the News The the following Use Woment to the created to wore with one of Www The demand wil weet to the new One on you How does the work on? When den ats One OG Wowowed OD Ow...

Answered: 1 week ago

Question

★★★★★
Question 1: Activity-based costing East Coast Marine Ltd (ECM) manufactures parts for small marine craft. Over the past decade, ECM's management has met its goal of reducing its reliance on...

Answered: 1 week ago

Question

★★★★★
1. software is designed to be sold on open market. (a) Custom software (b) Generic software (c) Embedded software (d) None of these 2. are also known as clients. (a) Customers (b) Users (c)...

Answered: 1 week ago

Question

★★★★★
1. Socialization policy in mass media?

Answered: 1 week ago

Question

★★★★★
1. What is employment? 2. What is the rewards for employment?

Answered: 1 week ago

Question

★★★★★
1. The deepest trench in Ocean ? 2. Name one of the gas that increase the atmosphere temperature?

Answered: 1 week ago

Question

★★★★★
Please send an extra large dust cover for my photocopier.

Answered: 1 week ago

Question

★★★★★
A 30 year old person should know better.

Answered: 1 week ago

Question

★★★★★
The (hard) part of my job is firing people. For the following items, insert hyphens where required.

Answered: 1 week ago

Previous Question Next Question