Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you expect to receive $4,100 upon your graduation

You expect to receive $4,100 upon your graduation and will invest your windfall at an...

70.2K

Verified Solution

Question

Accounting

You expect to receive $4,100 upon your graduation and will invest your windfall at an interest rate of .63 percent compounded quarterly until the account is worth $5,500. How many years do you have to wait until you reach your target account value?

11.80 years

11.69 years

12.59 years

10.91 years

10.23 years

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Omni Technology Holding Company has the following three affiliates: Software Personal Computers Foreign Operations Sales $ 40,200,000 $ 60,080,000 $ 100,680,000 Net income (after taxes) 2,086,000 2,880,000 8,510,000 Assets 5,820,000 25,790,000 60,630,000 Stockholders' equity 4,090,000 10,170,000 50,950,000 Compute the return on...

Finance
Q

PLEASE SHOW WORK ( NO EXCEL) A. Project L costs $75,000, its expected cash inflows are $15,000...

Finance
Q

18. Regarding the oxygen-hemoglobin dissociation curve, a patient suffering from a fever would have a hemoglobin...

Medical Sciences
Q

Indicate whether the following statements are always true or can be false. True False  If an object's speed...

Physics
Q

The Verbrugge Publishing Company’s 2019 balance sheet and income statement are as follows (in millions of...

Advance Math
Q

A particle undergoing rectilinear motion has its velocity vs distance travelled as shown below 1...

Physics
Q

1 Draw the angle bisector on the triangle from vertex A O O O B...

Geometry
Q

The probability that a first year student entering a certain private college needs neither a...

Statistics
Q

Supreme Videos, Incorporated, produces short musical videos for sale to retail outlets. The company's balance...

Accounting
Q

A not for not profit university received free services from a student to organize books...

Accounting
Q

plz answer. Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting this...

Accounting
Q

What is your appraisal of Netflixs operating and financial performance based on the data in...

Finance