Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

Justin wants to have $ 1 5 0 , 0 0 0 in his savings account. If he can invest at 6 . 9 %

Justin wants to have $

150, 000

in his savings account. If he can invest at

6.9 %

per year and he currently has $

100, 000

how long will it be before he has the desired amount in his savings account?

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

The Ultimate Guide To Rental Property Investing

Authors: John Malatesta

1st Edition

979-8394902215

More Books

Students also viewed these Finance questions

Question

★★★★★

Secord Limited has two classes of shares outstanding: preferred ($6 dividend) and common. At December 31, 2013, the following accounts and balances were included in shareholders' equity: Preferred...

Answered: 1 week ago

Question

★★★★★

6. Why is it important to link the reward to performance and to make the reward realistic?

Answered: 1 week ago

Question

★★★★★

Team members seem primarily accountable to: (a) The leader or boss (b) Themselvestheyre very self-motivated (c) Their fellow team members

Answered: 1 week ago

Question

★★★★★

Hahn Company uses a job-order costing system. Its plant wide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the...

Answered: 1 week ago

Question

★★★★★

Justin wants to have $ 1 5 0 , 0 0 0 in his savings account. If he can invest at 6 . 9 % per year and he currently has $ 1 0 0 , 0 0 0 how long will it be before he has the desired amount in his...

Answered: 1 week ago

Question

★★★★★

Please help me on part B, I have completed partA and provided the correct answers. For part B, the boxes outlinedin red are where I have entered incorrect answers so I need help onthose. Also pleas...

Answered: 1 week ago

Question

★★★★★

Need help with these graphs. Question 1 D S P Q Graphing On notebook paper, please graph the following scenarios for each market and provide an answer key. Market Event a. Steak Increase consumer's...

Answered: 1 week ago

Question

★★★★★

Jarvis runs a restaurant and knows that customers post pictures and messages about the restaurant on a regular basis. What can Jarvis do to help ensure a more positive post, even if a customer has a...

Answered: 1 week ago

Question

★★★★★

When an 8-bit or 16-bit data is loaded from the data memory into a 32-bit register, whether sign extension or zero extension is performed depends on the data's sign. LDRSB (load register with signed...

Answered: 1 week ago

Question

★★★★★

In the following exercises, use one of the comparison tests. Show and explain your work. (a) Calculate the limit limx01cosxx2 and use it to find out whether n=1[1cos(1n)] converges or diverges

Answered: 1 week ago

Question

★★★★★

The following are partial balance sheets for the Bank of Canada and the 14 LVTS Participants: 14 LVTS Participants / Primary BANK OF CANADA Dealers Consolidated Assets(SBS): Liabilities (SBS):...

Answered: 1 week ago

Previous Question Next Question