How long do you have to wait to become a millionaire

Reference no: EM13262328

You have just won $120,000 from a contest. If you invest the whole $120,000 in a tax-free money market fund earning 6% compounded weekly, how long do you have to wait to become a millionaire? Round to 2 decimal places.

Reference no: EM13262328

Questions Cloud

How to calculate the velocity of an electron : Calculate the velocity (in units of m/s) of an electron having a mass of 9.09 x 10 -28 g and wavelength of 99.9 nm

Find the specific gravity of this other fluid : A bottle has a mass of 28.60g when empty and 92.15gwhen filled with water. What is the specific gravity of this other fluid

Calculate the required payment for the sinking fund : Calculate the required payment for the sinking fund. (round to nearest cent) Monthly deposits earning 4% to accumulate $6000 after 10 years.

Find out the molarity of the nitric acid : A 24.9 mL volule of nitric acid reacts completely with 55.0 mL of aqueous sodium sulfide. The Reaction is 2 HNO3 (aq) + Na2S (aq) --> H2S (g) + 2 NaNO3 (aq) The volume of H2S(g) formed is 141 mL at 27*C and 735 mmHg. Determine the molarity of the n..

How long do you have to wait to become a millionaire : You have just won $120,000 from a contest. If you invest the whole $120,000 in a tax-free money market fund earning 6% compounded weekly, how long do you have to wait to become a millionaire? Round to 2 decimal places.

Compute the frequency of the motion : The position of an object connected to a spring varies with time according to the expression x = (5.4 cm) sin(9.3?t). Find the frequency of the motion

At what price would the bonds sell : Six years after the bonds were issued, the market rate of interest on bonds such as those rose to 14%. At what price would the bonds sell (assume it is six years after issue)?

Find out the molecular weight of the liquid : A 2.56 g sample of a colorless liquid was vaporized in a 250mL flask at 121*C and 786 mmHg. Determine the molecular weight of the liquid

Calculate the probability of finding the electron : Calculate the probability of finding the electron in the ground state of hydrogen at less than one Bohr radius from the nucleus

User Account

All Pages