Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

With monthly compounding at 0.05 percent for 20years , what is the approximate future value of a 30000 initial investment ? what is the future

With monthly compounding at 0.05 percent for 20years , what is the approximate future value of a 30000 initial investment ? what is the future value of the continuous compounding ?

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

Focus On Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

2nd Edition

0073530638, 9780073530635

More Books

Students also viewed these Finance questions

Question

★★★★★

Suppose you are testing H0: p = .63 versus Ha: p = .63 .For a random sample of 100 people, where x denotes the number in the sample that have the characteristic of interest. Use a .01 level of...

Answered: 1 week ago

Question

★★★★★

5.6 Jointly Distributed Continuous Random Variables Linear Combinations of Random Variables Financial Investment Portfolios Cautions Concerning Finance Models

Answered: 1 week ago

Question

★★★★★

When fitting a simple linear regression model, what is a (a) a residual? (b) a standardized residual? (c) an unusually large value of a standardized residual?

Answered: 1 week ago

Question

★★★★★

1. How does the SEIUs plan give Sodexos U.S. workers influence they might not have outside of a union? Do you think the effort described in this case will benefit these workers? Why or why not? 2....

Answered: 1 week ago

Question

★★★★★

Can an 8 bit peripheral be connected to a 64 bit bus and vice versa?

Answered: 1 week ago

Question

★★★★★

A disk rotates around an axis through its center that is perpendicular to the plane of the disk. The disk has a line drawn on it that extends from the axis of the disk to the rim. At t = 0 this line...

Answered: 1 week ago

Question

★★★★★

1. Jessica Williams, manager of Kitchen Appliances for the Midtown Department Store, feels that her inventory levels of stoves have been running higher than necessary. Before revisiting the inventory...

Answered: 1 week ago

Question

★★★★★

JC was upset upon arriving at the restaurant and told the server "Give me my damned iced tea!" She was immediately asked to leave the restaurant. JC is learning the importance of using good manners...

Answered: 1 week ago

Question

★★★★★

Charles wants to buy a pre-owned Harley-Davidson motorcycle and drops by several motorcycle dealerships before choosing to buy a good quality pre-owned, Softail model from Kenny's Motorcycle...

Answered: 1 week ago

Question

★★★★★

Kildare Medical Center, a for - profit hospital, has three investment opportunities: ( 1 ) adding a wing for in - patient treatment of substance abuse, ( 2 ) adding a pathology laboratory, and ( 3 )...

Answered: 1 week ago

Question

★★★★★

Western Services has three service departments: Information Systems (IS), Personnel, and Administration. There are two operating departments: Residential and Commercial. A summary of costs and other...

Answered: 1 week ago

Question

★★★★★

Describe the three broad categories of issues that should be considered to maximize learning

Answered: 1 week ago

Question

★★★★★

Discuss how knowledge, skill, ability, and attitude influences employee behavior

Answered: 1 week ago

Question

★★★★★

State how a supervisors leadership and expectations can affect employee behavior

Answered: 1 week ago

Previous Question Next Question