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

Question

1 Approved Answer

You have $8000 in your savings account which earns interest at 2.9% p.a. compounded quarterly. How many years does it take for you to earn

image text in transcribed

You have $8000 in your savings account which earns interest at 2.9% p.a. compounded quarterly. How many years does it take for you to earn total interest of $500? (Round your answer to 2 decimal places. Do not put unit. Do not use comma separators. e.g. 1234.56)

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 Organic Farmers Business Handbook A Complete Guide To Managing Finances Crops And Staff And Making A Profit

The Organic Farmers Business Handbook A Complete Guide To Managing Finances Crops And Staff And Making A Profit

Authors: Richard Wiswall

1st Edition

1603581421, 978-1603581424

More Books

Students also viewed these Finance questions

Question

★★★★★
Compare the regression models in Questions 4 and 5. a. Are different explanatory variables considered important? b. Did the stepwise regression in Question 4 provide any indication that Liter could...

Answered: 1 week ago

Question

★★★★★
_________ CAFTA, NAFTA, OECD, and OPEC are all examples of a. political organizations. b. peace treaties. c. international economic communities. d. World Trade Organization members. e. democratic...

Answered: 1 week ago

Question

★★★★★
Xemex has collected the following inventory data for the six items that it stocks: Lynn Robinson, Xemexs inventory manager, does not feel that all of the items can be controlled. What ordered...

Answered: 1 week ago

Question

★★★★★
You have $8000 in your savings account which earns interest at 2.9% p.a. compounded quarterly. How many years does it take for you to earn total interest of $500? (Round your answer to 2 decimal...

Answered: 1 week ago

Question

★★★★★
Which part of product discovery and creation of the product vision (or product vision board) do you think would be the most difficult and why?

Answered: 1 week ago

Question

★★★★★
Case Study Elegant Firm Parti: Recently you attended a presentation by Dr Ales, renowned entrepreneur and business leader, who spoke at length about the development of an accounting information...

Answered: 1 week ago

Question

★★★★★
1. Prepare a differential analysis to determine whether Wantum - Cardz should accept the special sales order. 2. Now assume that the Hall of Fame wants special hologram baseball cards. Wantum - Cardz...

Answered: 1 week ago

Question

★★★★★
JAGUAR LAND ROVER PLC: BOND VALUATION Jaguar Land Rover Automotive plc (JLR), a wholly owned subsidiary of the Indian company Tata Motors Limited, announced, on March 3, 2015, an issue of Senior...

Answered: 1 week ago

Question

★★★★★
Exercise 14-36 (Algo) Comparing Business Units Using Economic Value Added (EVA) (LO 14-4) Lauderdale Corporation is organized in three geographical divisions (regions) with managers responsible for...

Answered: 1 week ago

Question

★★★★★
make a copy of Capstone project (task_manager.py) and save it in the Dropbox folder for this project. Also, copy and paste the text files (user.txt and tasks.txt) that accompanied the previous...

Answered: 1 week ago

Question

★★★★★
Explain basic guidelines for effective multicultural communication.

Answered: 1 week ago

Question

★★★★★
Identify communication barriers and describe ways to remove them.

Answered: 1 week ago

Question

★★★★★
Explain the communication process.

Answered: 1 week ago

Previous Question Next Question