stayblazing5727 stayblazing5727

27-05-2023
Business

Answered

How many years will the following take?
$340 to grow to $35,941 if invested at 13.91 percent, compounded annually.
Round the answer to two decimal places.

Answer :

Other Questions

At what annual rate would the following have to be invested? $6,373, to grow to $58,626, in 18 years. Round the answer to two decimal places in percentage form.

Harper Engine Company needs $687,000 to take a cash discount of 150/15, net 70 A banker will loan the money for 55 days at an interest cost of $20,800 a. What i

Your uncle has $375,000 invested at 7.5% and now he wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. Ho

Upon graduating from college, you make an annual salary of $38,912. You set a goal to double it in the future. If your salary increases at an average annual rat

Cooling Tools, Inc. is currently producing 782 of small refrigerators per month but the company’s CEO plans to increase production at a rate of 6.64 percent per

Jerry wants to have $1.9 million in his retirement account. If he feels he can earn an APR of 8.1 percent compounded monthly and plans to save $230 per month un

The maintenance cost of a certain equipment is P40,000 per year for the first 5 years, P60,000 per year for the next 5 years, cost of overhaul at the end of the

A floating rate mortgage loan is made for $110,000 for a 30-year period at an initial rate of 12 percent interest. However, the borrower and lender have negotia

The Caldwells have determined that they need an after-tax income of $60,000 annually, not indexed for inflation and received in equal installments at the beginn

The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project Z Amount of investment $36,000