How many years from today does she expect to have exactly

Assignment Help Financial Management

Reference no: EM131818413

2 year(s) ago, Fatima invested 5,810 dollars. In 1 year(s) from today, she expects to have 8,570 dollars. If Fatima expects to earn the same annual return after 1 year from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does she expect to have exactly 11,640 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

Please include the math in your answer.

Reference no: EM131818413

Questions Cloud

How much of the proceeds is taxable to russ : At the time, Russ has paid $14,000 in premiums, and he collects the $100,000 face value. How much of the proceeds is taxable to Russ

Number of people living with aids : The table gives the number of people living with AIDS in 2007 in 6 regions and the population of that region. Use the table to answer the following questions.

Determine the break-even quantity : Create a one-way table, using Excel's Data/What-If/ Data Table tool, to demonstrate the sensitivity of profit to changes in selling price per salad.

Statistics that measure central location : a. Compute the three statistics that measure central location. b. Briefly describe what each statistic tells you.

How many years from today does she expect to have exactly : how many years from today does she expect to have exactly 11,640 dollars?

What are the challenges of the informal organization : 1. What are the advantages of the informal organization? 2. What are the challenges of the informal organization?

What is the probability that all boots will order : What is the probability that All Boots will order from the American supplier once demand is known, i.e., the probability of placing a second order?

What is its debt-to-capital ratio : The firm's total capital is $130 million and it finances with only debt and common equity. What is its debt-to-capital ratio?

Prepare the january income statement for office world : Question - Office World manufactures commercial office furniture. Based on the above transactions, prepare the January income statement for Office World

User Account

All Pages