Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 19, 2024

You invest $9,000 at 20%( SA) and can withdraw $13,176.90. How long was your money invested. Answer in years: only need to state number

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 Future For Investors

Authors: Jeremy Siegel

1st Edition

140008198X, 978-1400081981

More Books

Students also viewed these Finance questions

Question

★★★★★

Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost Star Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2012,...

Answered: 1 week ago

Question

★★★★★

Consider the following two-step process. Heat is allowed to flow out of an ideal gas at constant volume so that its pressure drops from 2.2 atm to 1.4 atm. Then the gas expands at constant pressure,...

Answered: 1 week ago

Question

★★★★★

11.7. Derive Eq. (11.33) and Eq. (11.34).

Answered: 1 week ago

Question

★★★★★

Bliss Company owns an asset with an estimated life of 15 years and an estimated residual value of zero; it uses the straight-line method of depreciation. At the beginning of the sixth year, the...

Answered: 1 week ago

Question

★★★★★

While gambling games are the typical go-to examples for computing expected value, they're not by any means the only application. Let's look at Page 284 the world of automobile insurance. If you think...

Answered: 1 week ago

Question

★★★★★

The Criders Company has 12,000 units of obsolete inventory. The units originally cost $6,000. The company can either sell them for scrap at $.20 per unit or they can invest $2,000, modify them so...

Answered: 1 week ago

Question

★★★★★

Review very carefully property 2 in the Definition of norm ( you might also want to listen carefully to the presenter ) , then answer the following question: True / False: \ | \ alpha \ mathbf { v }...

Answered: 1 week ago

Question

★★★★★

Who are Netflix s competitors and why would they be likely to take action against Netflix? Include the role of market commonality and resource similarities. Why does Netflix appear to have a...

Answered: 1 week ago

Question

★★★★★

As shown in [Figure 1-14], the rotatable dump is connected to the truck's bed by a hinge at the support point C and supported by the hydraulic cylinder AB . The weight of the dump is 5 [kN], and the...

Answered: 1 week ago

Question

★★★★★

The present value of a future amount was calculated to be R207,54 at a discount rate of 5% and the present value of the same future amount was calculated to be R183,30 at a discount rate of 6%. Use...

Answered: 1 week ago

Question

★★★★★

Use the data from the following file (Fish.csv) table pasted below for running linear regression. Weight Length1 Length2 Length3 Height Width 242 23.2 25.4 30 11.52 4.02 290 24 26.3 31.2 12.48 4.3056...

Answered: 1 week ago

Question

★★★★★

What are the steps that the EEOC uses once a charge is filed?

Answered: 1 week ago

Question

★★★★★

What are the main issues pertaining to lapses in ethical practice, failure to be socially responsible, or harmful environmental practices that were reported in the news about this company?

Answered: 1 week ago

Question

★★★★★

What would you do?

Answered: 1 week ago

Previous Question Next Question