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11. In how many years will $2000 grow to $2440 at 7% compounded quarterly? 12....

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Accounting

11. In how many years will $2000 grow to $2440 at 7% compounded quarterly?

12. Suppose $2500 earns an interest of $250.81 in one year. What is the nominal annual rate of interest compounded annually?

13. Compute the value of an investment 8 months before the maturity date that earns interest at 6% p.a. and has a maturity value of $884.

14. How long does it take for money to double at 5% compounded quarterly?

15. If you were to start a business what kind of business would it be? Would it be sole prop or corporation? Why? And what would be your first 3 steps towards it?

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