Hi, I'm having a little trouble figuring this out
You deposit $1900 in an account that pays 4.5% annual interest, compounded continuously. How long will it take for the balance to reach $3900
The answer I got was .1598050371
Which is obviously wrong, could someone please explain to me how to...
For example, when it's saying that (1.0025)60, what exactly does that mean. I multiplied and then divided, but I'm not getting the answer of 1.16... that they got. Please explain.
New research findings appearing in the January Journal of Lipid Research indicate that compounds called oxysterols are not present in any significant amount in multiple sclerosis patients, contradicting a previous study that suggested that some of these cholesterol metabolites were associated...
A synthetic derivative of the curry spice turmeric, made by scientists at the Salk Institute for Biological Studies, dramatically improves the behavioral and molecular deficits seen in animal models of ischemic stroke and traumatic brain injury (TBI). Two new studies suggest that the novel...
I`m in Japan at the moment and I have been asked to cook something for christmas, i was going to make white christmas slice, substituting the Copha. But to substitute Copha, I need white chocolate melts (compound chocolate) so I was wondering if Japan has something similar, or if instead i could...
a)compound interest rates are usually higher
b)compound interest investments can be made with a smaller amount of money to invest
c)compound interest pays interest on interest already earned in the previous interest period
d)banks will let you leave the money in longer to earn more interest
...return on investment and risk? Additionally, what is a loan, interest, the difference between borrowing money, dedit card, credit card, and credit reports.
For each of the following ions, indicate the total number of protons and electrons in the ion. For the positive ions in the list, predict the formula of the simplest compound formed between each positive ion and the oxide ion. For the negative ions in the list, predict the formula of the...
For each of the following ions, indicate the total number of protons and electrons in the ion. For the positive ions in the list, predict the formula of the simplest compound formed between each positive ion and the oxide ion. For the negative ions in the list, predict the formula of the...
For each of the following ions, indicate the total number of protons and electrons in the ion. For the positive ions in the list, predict the formula of the simplest compound formed between each positive ion and the oxide ion. For the negative ions in the list, predict the formula of the...
Hal invested $2,000 per year in an IRA each year for 7 years earning 7% compounded annually. At the end of the 7 years he ceased that IRA payments, but continued to invest his accumulated amount at 7% compounded annually for the next 3 years.
a) what was the value of his IRA at the end of 7...
Lee invests $7500 at 6% per annual compound interest.
At the end of each month, he deposits a further $500 into the account.
(a) What is the monthly interest rate?
(b) How much is in the account after the first month? (Assume the interest is calculated before the new deposit is made)
(c) What...
If I were to invest in a money market account paying 4.4% interest compounded daily (assuming 360 days in a year) What was the effective annual yield of this account?
I am trying to figure this question out, however I am not sure where to begin, is there a specific formula that I should use? Any help would be appreciated
How much should you deposit at the beginning of each month for next 12 months in an account earning 3% per year compounded monthly to have...
Researchers in the Division of Cancer Prevention, Department of Medicine, Stony Brook University School of Medicine, have discovered that a novel derivative of sulindac, a non-steroidal anti-inflammatory drug (NSAID) known to prevent colon cancer, is more effective and safer than sulindac in...
How long would it take $5,000 to grow to $7,000 if it is invested at 6% quarterly? I know you have to use the equation A=p(1+ i)^n and have to use Logs but I get lost in doing this problem. Any help please.