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

Question

1 Approved Answer

We deposit $17500 into an account earning 9 % interest compounded semiannually. How many years will it take for the account to grow to $43750?

image text in transcribed
We deposit $17500 into an account earning 9 % interest compounded semiannually. How many years will it take for the account to grow to $43750? Round to 2 decimal places. years Preview TIP Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 243, 5+4) Enter DNE for Does Not Exist, oo for Infinity

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

Personal Finance

Personal Finance

Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes

1st Edition

0078698006, 9780078698002

More Books

Students also viewed these Finance questions

Question

★★★★★
A company reports the following: Net income $340,000 Preferred dividends $40,000 Share of common stock outstanding 40,000 Market price per share of common stock $60.00 (a) Determine the companys...

Answered: 1 week ago

Question

★★★★★
What are the major issues in this case? Assess Wal- Marts corporate social responsibility using the four-part CSR model. Is Wal-Mart socially responsible for its devastating impact on small...

Answered: 1 week ago

Question

★★★★★
Poisson () arrivals join a queue in front of two parallel servers A and B, having exponential service rates A and B (see Figure 8.4). When the system is empty, arrivals go into server A with...

Answered: 1 week ago

Question

★★★★★
Diane Corporation is preparing its 2015 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2015: Total assets ......... $530,000...

Answered: 1 week ago

Question

★★★★★
The adder subtraction of Fig. 4.7 has the following values of input Mode (M) and data inputs (A) and (B). In each case, determine the values of the outputs S3S2S,So and Ca. 0 1111 0110 1 0000 1000

Answered: 1 week ago

Question

★★★★★
Copper Explorations recently acquired the rights to mine a new site. Equipment and a truck were purchased to begin mining operations at the site. Details of the mining assets follow: Copper?s...

Answered: 1 week ago

Question

★★★★★
Who specifically benefits from the strategic alliance specifically, how patient information is used? what type of patient information is accessed?

Answered: 1 week ago

Question

★★★★★
The gra a quadratic function with vertex (0, 1) is shown in the Find the unge and the domain. 10 8 -2 24 6 8.10 Write the range and domain using interval notation. (a) range: (0,0) [0,0] (0,0)

Answered: 1 week ago

Question

★★★★★
Consider the equation z16 (1+ 3i). Find the value of z which satisfies this equation and which has the second smallest positive argument 0,0 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Coburn (beginning capital, $57,000) and Webb (beginning capital $93,000) are partners. During 2022, the partnership earned net income of $65,000, and Coburn made drawings of $19,000 while Webb made...

Answered: 1 week ago

Question

★★★★★
Your company has an Azure subscription. You plan to create a virtual machine scale set named VMSS1 that has the following settings: Resource group name: RG1 Region: West US Orchestration mode:...

Answered: 1 week ago

Question

★★★★★
Lila invested $10,000 in one of Long Life Insurance Company's annuity contracts. When issued, the contract was paying a 5 percent rate of return. Two years later, Long Life increased this rate to 7...

Answered: 1 week ago

Question

★★★★★
Describe the team dynamics at Facebook.

Answered: 1 week ago

Question

★★★★★
According to the two-dimensional leadership style studies (Chapter 6), a leaders behavior toward followers can be classified as either initiating structure or consideration or both or neither (Ohio...

Answered: 1 week ago

Question

★★★★★
Use the decision-making model to explain how Casper came up with their unique mattress design.

Answered: 1 week ago

Previous Question Next Question