Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. how long does an investment of $15974.55 paying a

How long does an investment of $15974.55 paying a rate of 4.1% simple interest take...

80.2K

Verified Solution

Question

Finance

image
image
How long does an investment of $15974.55 paying a rate of 4.1% simple interest take to grow to $23217.42? Give your answer in terms of number of years rounded to 2 decimal places with no units. Answer: Check An investment of $5728.06 grows in size to $6194.7. If this investment earned a rate of 6.38%, how many years was the investment held? Give your answer rounded to 2 decimal places with no units. Answer: Check

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

The following is part of regression output produced by Excel ( for Y vs X1 and...

Basic Math
Q

1 Based on classic perspectives of personality (module 38), how is personality measured? (100 words minimum) 2...

Psychology
Q

Many mammals have skins and mucous membranes that are sensitive to phenolic secretions of plants...

Biology
Q

a Sound is produced by vibration b When sound travel from a point to another...

Physics
Q

Fill in the blank is the For a pair of sample x and y values...

Statistics
Q

Small changes in numbers in an integrand can result in very different methods required for...

Calculus
Q

Use the product quotient and power rules of logarithms to rewrite the expression as a...

Calculus
Q

Unearned revenue is initially recognized with a Multiple Choice debit to revenue. ...

Accounting
Q

are cost of gas and tolls paid for a business trip use of car considered...

Accounting
Q

Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods:...

Accounting
Q

On January 1, 2021, Rare Bird Ltd. purchased 16% bonds dated January 1, 2021, with...

Accounting
Q

The master budget at Western Company last period called for sales of 225,000 units at...

Accounting