Find how long will it take for money to triple

Assignment Help Basic Statistics

Reference no: EM13155537

1. The State Employees' Credit Union offers a 1-year certificate of deposit with an APR (or effective rate) of 5.5%. If interest is compounded quarterly, find the actual interest rate. Round to the nearest tenth of a percent.

A)5.4% B) 5.1% C) 5.6% D) 6.4% E) not given

2. You have money in an account at 7% interest, compounded monthly. To the nearest year, how long will it take for your money to triple?not given

A) 22 years B) 9 years C) 13 years D) 16 years E) not given

Reference no: EM13155537

Questions Cloud

What policy action could it posibaly take now : If the goverment of Langkawi decides that it cannot wait for the economy to self-correct in the long-run, what policy action could it posibaly take now? what trade offs,if any, will it have to be prepared to make in term of economic outcomes?

Debit-credit equipment-consolidated financial statements : Calculate the amount to be debited or credited for equipment during the preparation of the 2008 consolidated financial statements.

Calculate the ph of the solution : Consider the titration of 50.0 mL of 0.217 M HN3 (Ka = 2.6 x 10-5) with 0.183 M NaOH. Calculate the pH of the solution after the addition of 29.6 mL of NaOH solution.

Describe the typical make up of a typical organism : Describe the typical make up of a typical organism of each of the five kingdoms with regard to the following: pro vs eukaryote, uni vs multicellular, +/- cell wall, cell wall composition, +/- presence of chloroplasts. Name two organisms from each ..

Find how long will it take for money to triple : You have money in an account at 7% interest, compounded monthly. To the nearest year, how long will it take for your money to triple?

Find the actual-dollar value and the constant -dollar value : If the general inflation rate is 6% compounded monthly, find the Actual-dollar value and the Constant -dollar value of the 20th payment.

Compare and contrast internal and external validity : Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern.

What is the substance : A unknown liquid is insoluble in water and soluble in cyclohexane and alcohol with a boiling point of 110 C What is the substance?

How scientist might use rna to combat this disease : In an autophagy-related disease, a person's cells over-express ATGs. Describe how scientist might use RNA to combat this disease.

User Account

All Pages