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 94 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?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Major Categories of Long-Term Memory Major Categories of Long-Term Memory
Reaction 3: The Second Investment of ATP Reaction 3: The Second Investment of ATP
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
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: Wound Repair Animation

For a complete list of videos, visit our video library