This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of ... (Read 135 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by storky111 on Jun 6, 2019

JYan

  • Sr. Member
  • ****
  • Posts: 331
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.
Answer Preview
Only 55% of students answer this correctly


storky111

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 6, 2019
TY


JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
The features found in a long bone. The features found in a long bone.
Reaction 1: The First ATP Investment Reaction 1: The First ATP Investment
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library