Take for your investment to grow sixfold

Assignment Help Financial Management

Reference no: EM131012037

Soving for n with non annual periods approximately how many years would it take for an investment to grow sixfold if it were invested at 16 percent compounded monthly? assume that you invest $1 today. If you invest $1 at 16% compounded monthly, about how many years would it take for your investment to grow sixfold to $6. HInt: remember to convert your calculator solution to years

Reference no: EM131012037

Questions Cloud

What is marginal tax rate and average tax rate : New Hope Managed Care Inc., is a for-profit managed care company that serves the southwest United States. Last year, it reported $1,200,000 in income from operations, $250,000 in interest income from bonds it bought in the previous year, and $60,000 ..

How much will you have saved for retirement : You are 29 years old and decide to start saving for your retirement. You plan to save $5,000 at the end of each year (so the first deposit will be one year from now), and will make the last deposit when you retire at age 70. Suppose you earn 6% per y..

Consider cheese makers decision whether to continue to age : The TillamookCounty Creamery Association manufactures Tillamook Cheddar Cheese. It markets this cheese in four varieties: aged 2 months, 9 months, 15 months, and 2 years. At the shop in the dairy, it sells 2 pounds of each variety for the following p..

What is the present value of new drug if the interest rate : You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. You expect that the drug's profits will be $5 million in its first year and that this amount will grow at a rate of 3% per year for the ne..

Take for your investment to grow sixfold : Soving for n with non annual periods approximately how many years would it take for an investment to grow sixfold if it were invested at 16 percent compounded monthly? assume that you invest $1 today. If you invest $1 at 16% compounded monthly, about..

What is the accrued interest : Suppose that a U.S. Treasury note maturing February 15, 2009 is purchased with a settlement date of February 7, 2007. The coupon rate is 4.5% and the maturity value of the position is $1,000,000. The next coupon date is February 15, 2007. What is the..

Implied forward rates are breakeven rate : We use no arbitrage to calculate implied forward rates from the spot curve. What does mean when we say that implied forward rates are breakeven rates? What do we use implied forward rates for? Are expectations of future interest rates the only factor..

Provisions of the sarbanes-oxley act : Free Enterprise Fund v. Public Company Accounting Oversight Board" How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act?

Number of average revenue variable cost payer admissions : Assume that Valley Forge Hospital has only the following three payer groups: Number of Average revenue Variable cost Payer admissions per admission per admission PennCare 1,000 $5,000 $3,000 Medicare 4,000 $4,500 $4,000 Commercial 8,000 $7,000 $2,500..

User Account

All Pages