awigc7hibrigadose awigc7hibrigadose

25-02-2017
Mathematics

contestada

At approximately what rate would you have to invest a lump-sum amount today if you need the amount to triple in six years, assuming interest is compounded annually?

Respuesta :

Aliwohaish12 Aliwohaish12

01-03-2017

3p=p(1+r)^6
3=(1+r)^6
R=3^(1/6))-1=0.2*100=20%

Answer Link

Otras preguntas

An early step in the process of carbon fixation combines three molecules of CO2 with three molecules of RuBP to produce three 6-carbon molecules, which are imme

Here is a list of numbers: -20, -20, 2, 7, -14, -4, -17, 13, 7 State the median.

A manufacturer of salad dressings uses machines to dispense liquid ingredients into bottles that move along a filling line. The machine that dispenses salad dre

Depreciation is the decrease or loss in value of an item due to age, wear, or market conditions. We usually consider depreciation on expensive items like cars.

What investment per quarter does Luisa need to make at the end of each quarter into her savings account over 8 quarters to reach her vacation goal of $10,000 if

Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000.The fair value of Float Is net assets was $1,850,000, and the book value was $1,500,000

find the hcf of the following numbers 22,18

What happened to the American economy after World War I?

After having a stroke resulting from a blockage of blood to the medial temporal lobe, Gerald could not remember new information, such as the books he had just r

HELP PLEASE Topic: Drama and comedy Try to complete the following expressions about drama and comedy:  I like comedy (drama) movies because….  The most inter