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Author Question: How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of ... (Read 129 times)

storky111

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on: Jun 6, 2019

Question 1

How long, in compounding periods, will it take for $3327 to increase by $3799 if you are able to earn 6.2% compounded semi-annually?
◦ 4.56
◦ 24.95
◦ 4.95
◦ 42.95
◦ 6.45

Question 2

How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your final answer in years and months, e.g., 3 years and 7.23 months)?
◦ 4 years 3.84 months
◦ 8 years 1.69 months
◦ 4 years .64 months
◦ 7 years 7.69 months
◦ 3 years 4.79 months
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by storky111 on Jun 6, 2019

JYan

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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storky111

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Reply #2 on: Jun 6, 2019
TY


JYan

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Reply #3 on: Jun 6, 2019
You're welcome


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