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

Question

1 Approved Answer

You opened an account with an investment of $15,000.The value of the account tripled in 21 years.If interest was compounded quarterly, what rate per quarter

You opened an account with an investment of $15,000.The value of the account tripled in 21 years.If interest was compounded quarterly, what rate per quarter did you earn on the account?

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

Practical financial management

Practical financial management

Authors: William r. Lasher

5th Edition

0324422636, 978-0324422634

More Books

Students also viewed these Finance questions

Question

QUESTION 1 UML Inc. had an EBIT of 75,000, depreciation expense of 8,500, and paid 20,000 in taxes. Its interest costs were $10,000; its long-term borrowing reduced by $4,000; it raised $6,000 in new...

Answered: 1 week ago

Question

6 points QUESTION 11 1.Riverhawk Sales, Inc. had a net income of $15,000 on sales of $100,000 last year. Its balance sheet shows debt of $20,000 and equity of $74,000. If the total dividend paid was...

Answered: 1 week ago

Question

1.You opened an account with an investment of $15,000.The value of the account tripled in 21 years.If interest was compounded quarterly, what rate per quarter did you earn on the account?

Answered: 1 week ago

Question

★★★★★
Measure each amount given in Problems 1721. a. Container C in ounces b. Container C in milliliters mL 500- 400- 300 200- 100 cups 2 1 -16-ez -14 oz -12 oz -110 oz 8 oz -16 oz -4 oz 2 oz Container C...

Answered: 1 week ago

Question

★★★★★
Use the information in Exercise 2-7 to prepare an August 31 trial balance for Pose for Pics. Begin by opening these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; K....

Answered: 1 week ago

Question

★★★★★
What are rhe strategic drivers of mobile marketing? Why is each important?

Answered: 1 week ago

Question

★★★★★
=+d) Even though the R2 for this model is lower than the corresponding R2 for the model fit in Exercise 39 to domestic tourist visits, you might feel more comfortable predicting the number of...

Answered: 1 week ago

Question

★★★★★
When Magdalenas outside basis is $58,000, she receives a liquidating distribution of $15,000 cash and a proportionate share of inventory having a partnership basis of $20,000 and a fair market value...

Answered: 1 week ago

Question

★★★★★
View Policies Current Attempt in Progress Concord Corporation reported net income of $ 5 1 , 0 0 0 in 2 0 2 3 . Depreciation expense was $ 1 9 , 4 0 0 and unrealized losses on FV - NI investments...

Answered: 1 week ago

Question

★★★★★
ques statement (c) (9 pts) Do a formal hypothesis testing to test Whether the two populations' proportions are signicantly different. Use a = 0.10 and a pvalue method. Set up the appropriate null and...

Answered: 1 week ago

Question

★★★★★
After a breakthrough election victory at Amazon, the Amazon Labor Union fell far short of winning enough votes to unionize a second warehouse on Staten Island in New York. The vote was 618 votes...

Answered: 1 week ago

Question

★★★★★
How can you customize this report to find any open balances? Customize > Filter, then choose Uncleared in the Cleared dropdown Gear icon > Change columns, then mark the Credit checkbox in Change...

Answered: 1 week ago

Question

★★★★★
A codebook is used in quantitative research to define the variables (or columns) in a data set and the response categories for each of these variables. Looking at the codebook for this Assessment,...

Answered: 1 week ago

Question

★★★★★
Based on Iceberg Model of "Learning Organization" ( Artifacts, Espoused Values and Basic Assumptions) are analyze and reflected in each of the different levels of culture at Amazon? Reference:...

Answered: 1 week ago

Question

★★★★★
For this task, you need to use the provided pcapanalysis.py and TCP.reflection.pcap files to create three functions. The snippet below shows where you need to code the functions and the expected...

Answered: 1 week ago

Question

★★★★★
a. Purchased 6,100 shares of its own common stock at $36 per share on October 11. b. Sold 1,275 treasury shares on November 1 for $42 cash per share. c. Sold all remaining treasury shares on November...

Answered: 1 week ago

Question

★★★★★
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...

Answered: 1 week ago

Question

★★★★★
What is one-upmanship in conversation?

Answered: 1 week ago

Question

★★★★★
A key conversation skill is to know the diff erence between opinion and fact and to use it to your advantage. Discuss.

Answered: 1 week ago

Question

★★★★★
How is space a factor in intercultural communication?

Answered: 1 week ago

Previous Question Next Question