Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

Suppose an investment earns 3.6% interest compounded continuously. How long will it take an investment of $4000 to be worth $6000 ? Round your answer

Suppose an investment earns 3.6% interest compounded continuously. How long will it take an investment of $4000 to be worth $6000 ? Round your answer to the nearest hundredth.

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

Principles Of Corporate Finance Law

Authors: Eilis Ferran, Look Chan Ho

2nd Edition

0199671354, 978-0199671359

More Books

Students also viewed these Finance questions

Question

When are you going to finish the task?

Answered: 1 week ago

Question

★★★★★

The Foreman Companys earnings and common stock dividends have been growing at an annual rate of 6 percent over the past 10 years and are expected to continue growing at this rate for the foreseeable...

Answered: 1 week ago

Question

★★★★★

Suppose an investment earns 3.6% interest compounded continuously. How long will it take an investment of $4000 to be worth $6000 ? Round your answer to the nearest hundredth.

Answered: 1 week ago

Question

★★★★★

financial Customer Internal processes Learning and Growth 4 points Match the each pespective from traditional balanced scorecard to its leading indicators or outcome metrics. Match the each...

Answered: 1 week ago

Question

★★★★★

Explain the difference between traditional square of opposition and modern square of oppositions.

Answered: 1 week ago

Question

★★★★★

Becton Labs produces a variety of chemical compounds for industrial uses. The standard mix for February's production of 80,000 litres of Product "X" and the budgeted costs, are as follows: Liquid...

Answered: 1 week ago

Question

★★★★★

Q2) A jute packaging unit has planned production of 4950 kg of jute to be sold six months later. The spot price is 1940 per kg while six months futures are trading at 1880. The firm expects the price...

Answered: 1 week ago

Question

★★★★★

Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 30 percent deposit two months before the occasion,...

Answered: 1 week ago

Question

★★★★★

The VIF for Engine Size found for the Full Model is 6.5147. This VIF is calculated based on an R-squared value from another model. This R-squared value is 0.846501. The resulting VIF is1/(1-0.846501)...

Answered: 1 week ago

Previous Question Next Question