How many years will it take for account to double in value

Assignment Help Accounting Basics
Reference no: EM133032141

Question - Jamil invested $9,500 into an account he expects will earn 5% annually. Approximately how many years will it take for the account to double in value?

A. 9.7

B. 14.4

C. 11.4

D. 10.8

Reference no: EM133032141

Questions Cloud

Discuss corporate culture of your selected company : Discuss the corporate culture of your selected company. What is the company philosophy towards its employees and clients? How does your selected company
What would the revised annual pension payment be : What would the revised annual pension payment be if the average life of a member was 16 years, that is the payments are made over 16 rather than 12 years
Calculate creator ltd maximum cca for the year ending : Calculate Creator Ltd.'s maximum CCA for the year ending December 31, 2020. Your answer should include the maximum that can be deducted for each CCA class
What is the future value : Future Value - Ordinary Annuity versus Annuity Due - What is the future value of a 12%, 5-year ordinary annuity that pays $650 each year
How many years will it take for account to double in value : Jamil invested $9,500 into an account he expects will earn 5% annually. Approximately how many years will it take for the account to double in value
What is Ws the weight of equity in Kloss WACC calculation : Kloss also has 500,000 shares outstanding currently priced at $47/share. What is Ws, the weight of equity in Kloss' WACC calculation
ARTH 204 Modern Art and the Shock of the New Assignment : ARTH 204 Modern Art and the Shock of the New Assignment Help and Solution, University of Regina - Assessment Writing Service
What is the value of this deal : If the current competitive market exchange rates are 22.49 koruna per dollar and 42.36 baht per? dollar, what is the value of this? deal
What is the company margin of safety in units : Company B's sales price is $72 per unit. Variable costs are $40 per unit and total fixed expenses are $100,000. What is the company's margin of safety in UNITS

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of best pairs one of categories with specific example

Internal control relates to an organization's achievement of objectives, Which of the best pairs one of the categories with a specific example?

  Provide an example of a transaction

Provide an example of a transaction that creates the described effects for the separate cases a through g.

  Explain use of ROE and EPS in evaluating value of company

Explain the use of ROE and EPS in evaluating the value of a company. Why is understanding ROE and EPS important to a company's value?

  What are the total budgeted cash receipts in april

The sales on credit are collected 40% in the month of sale, and 60% the month following. What are the total budgeted cash receipts in April?

  Calculate gross receivables for the years given and then

from the income statementnet sales729373678960from the balance sheetaccounts receivable net1491915036customer

  Compute the material purchase price variance

During July, Zinger Corp. manufactured 3,900 units of product #43MR7. Compute the material purchase price variance and the material quantity variance

  Determine the total amount of overhead cost assigned to

the expected activity for the year was distributed among the companys four products as follows expected activity

  What accounts would be debited and credited

What accounts would be debited and credited to record the adjustment for the inventory shrinkage at the end of the accounting period

  Prepare a comparative income statement

Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2010 when compared with 2009

  What will be the effect on firm profits

The vacant space to increase sales of Product B by $35,700, with $3,800 of additional fixed costs, what will be the effect on firm profits

  How much must amy invest today

withdraw $25,000 per year for 8 years, with the first withdrawal to take place 5 years from today. If the fund earns 8% interest, how much must Amy invest today

  Find what effect did have on drabble financial statement

Drabble, Inc. owns 40 percent of the outstanding stock of Gilliam Company. What effect did this have on Drabble's 2014 financial statements?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd