Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 0 06 at the end of t years the future value of an

0 06 At the end of t years the future value of an investment of...

50.1K

Verified Solution

Question

Basic Math

image

0 06 At the end of t years the future value of an investment of 10 000 in an account that pays 6 APR compounded monthly is S 10 000 0 000 1 0 additional deposits how long will it take for the investment to amount to 50 000 The investment will grow to 50 000 in years Do not round until the final answer Then round to two decimal places as needed 121 dollars Assuming no withdrawals

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If P and Q are points and the Ruler Postulate is assumed to be true,...

Geometry
Q

There are two traffic lights on a commuter's route to and from work. Let X1 be...

Statistics
Q

Two balls are drawn, without replacement, from a bag containing 11 red balls numbered 1-11 and 5...

Statistics
Q

1. It's unclear whether Genie had any mental retardation (either from birth or as a result...

Psychology
Q

The hand axe Excalibur found in the Pit of Bones in Atapuerca Spain shows possible...

Biology
Q

2 1 point Line v is a transversal 70 80 110 100 True Statements No...

Geometry
Q

ect choice below and if necessary fill in the answer box to complete your A

Basic Math
Q

Points 0 5 of 1 In the following probability distribution the random variable x represents...

Statistics
Q

Aubrey opened a savings account with 1400 that pays no interest She deposits an additional...

Algebra
Q

I am having great difficulty understanding ethic case AP11-5 for financial accounting. We are to...

Accounting
Q

6. Mr. Nihar maintains a savings A/c and a current A/c in Mera Bank Ltd....

Accounting
Q

What is Weighted Average Cost of Capital?

Accounting