Determine how much time
required for an investment
to double in value if the
interest is earned at a rate
of 6.56%, compounded
Quarterly? Pick Best answer

Answers

Answer 1

Answer: 11 years

Step-by-step explanation:

You can use the Rule of 72 which is a way to calculate quickly, the time it will take for an investment to double given its interest rate.

It works by:

= 72 / Interest rate

Rate is compounded quarterly so the periodic rate is:

= 6.56%/4

= 1.64%

Time taken to double = 72/1.64

= 43.9 quarters

In years that is:

= 43.9/4

= 11 years

Answer 2

For an investment to double in value at an interest rate of 6.56% compounded quarterly, the period required is exactly 10.625 years.

What is an investment's future value?

The future value of an investment refers to the compounded value of its present cash flows in the future, using a stated interest rate.

The future value can be determined using the future value table or formula.

We can also determine the future value using an online finance calculator, which also enables us to determine the period required to double the present value of the investment at 6.56%.

Data and Calculations:

I/Y (Interest per year) = 6.56%

PMT (Periodic Payment) = 0

FV (Future Value) = $15,000

P/Y (# of periods per year) = 4

C/Y (# of times interest compound per year) = 4

Results:

PV = $7,513.52

Total Interest $7,486.48

N (# of periods) = 42.5 (10.625 years x 4)

The period = 10.625 years (42.5/4)

Thus, for an investment to double in value at an interest rate of 6.56% compounded quarterly, the period required is exactly 10.625 years.

Learn more about determining the required period of an investment at brainly.com/question/20392017


Related Questions

In the context of sampling plan, a comprehensive record of each individual in the population of interest is known as a ________.

Answers

Answer:

The correct answer is Census

Step-by-step explanation:

According to the given scenario, the record for each and every individual with respect to the population who has the interest is known as the census. The census means the information received for each and every population member

Therefore as per the given situation, the term that should be used is census

what is the averageof 02.15 + 03.25 + 04.23 + 05.01 = 14.64? so what is the average of 14.64 basically.

Answers

Answer:

3.66

Step-by-step explanation:

You have four numbers which sum equals 14.64. Now you divide 14.64 by 4 to get 3.66, or the mean/average

11. What is diction? *

Answers

Answer:

Step-by-step explanation:

the choice and use of words and phrases in speech or writing.

c) purposeful word choice

The following data relates to the scores obtained by 9 salesmen of a company in an intelligence test and their weekly sales in thousands of Rs.
Salesmen:
A
B
C
D
E
F
G
H
I
Test score :
50
60
50
60
80
50
80
40
70
Weekly sales :
30
60
40
50
60
30
70
50
60
Obtain the regression equation of sales on test scores of the salesmen and estimate sales if the test score of a salesman is 65.

Answers

Answer:

y = 0.75x + 5 ;

53.75

Step-by-step explanation:

Giveb the data:

Test score :

50

60

50

60

80

50

80

40

70

Weekly sales :

30

60

40

50

60

30

70

50

60

The linear regression equation model obtained from the online regression equation is :

y = 0.75x + 5 ; where ;

y = weekly sales ; x = test score ; 0.75 = slope / gradient ; 5 = intercept

sales if the test score of a salesman is 65.

y = 0.75x + 5

x = 65

y = 0.75(65) + 5

y = 48.75 + 5

y = 53.75

69 x 206





















anyone wanna ch.at?

Answers

Answer:

14,214

Step-by-step explanation:

no

hope it helps!

Answer:sure y not?

Step-by-step explanation:

Divide 5 liters in the ratio 11:5:9. Give your answer in milliters.

Answers

Answer: we have  2,200milliters, 1000milliters, 1800milliters.

Step-by-step explanation:

Step 1

1 Liter= 1000 millilitres

5 liters = 5000 millilitres

Step 2

Dividing 5000 ml in the ratio 11:5:9

First, we find the  Total ratio = 11+5+9 = 25

Such that

First  part = 11/25  x 5000 = 2,200milliters.

Second Part = 5/25 x 5000=1000milliters.

Third part =9/25 x 5000=1,800milliters.

need the answer pleas thx1

Answers

Answer:

n = 1.42857

Step-by-step explanation:

if a2 is -140 then somewhere between is -100.  3/7 is equal to 0.42857142857 in which it is 3/7 from -70 to -140 in a number range of 1 to 2.  1.42857142857 is your best bet as your answer.

Solve 4x + 3y = 2 for y.
Question 5 options:

A)

y = 4x – 2

B)

y = –4∕3x + 2∕3

C)

y = 4∕3x – 2∕3

D)

y = –4x + 2


Solve 5(2x – 3) = x – 15 + 9x for x.
Question 14 options:

A)

0

B)

Infinitely many solutions

C)

–18∕5

D)

–12∕5


Solve 5(2x – 3) = 5x – 10 for x.
Question 16 options:

A)

– 1

B)

1

C)

0

D)

2

Solve |5x – 1| = |2x + 5|
Question 18 options:

A)

x = 2 or x = –4∕7

B)

x = 1∕2

C)

No solutions

D)

x = –1∕2 or x = –7



Solve |7h + 1| = |3h – 7| for h.
Question 19 options:

A)

–2 or 2

B)

–2 or 3∕5

C)

2 or –3∕5

D)

–3∕2 or 3∕5

Answers

Answer:

2. A

4. D

Step-by-step explanation:

it might be right dont know good luck-_-||

I WILL GIVE BRAINLIEST

Answers

Answer:

B

Step-by-step explanation:

You multiply the exponents when you are doing an exponent of an exponent. 8 * 8 is 64. Therefore, the answer is B.

Answer:

[tex]=w^{64}[/tex]

Step-by-step explanation:

we know that,

[tex](a^n)^m = a^{mn}[/tex]

therefore,

[tex](w^8)^8 = w^{8*8}[/tex]

         [tex]=w^{64}[/tex]

Happy to help :)

From a population of 200,000,000 elements, the standard deviation is known to be 14. A sample of 49 elements is selected. It is determined that the sample mean is 56. The standard error of the mean is

Answers

Answer:

The standard error of the mean = 2

Step-by-step explanation:

Given that:

The standard deviation σ = 14

The sample size n = 49

The sample mean [tex]\overline x[/tex] = 56

The formula for calculating the standard error can be expressed as:

[tex]S.E = \dfrac{\sigma}{\sqrt{n}}[/tex]

[tex]S.E = \dfrac{14}{\sqrt{49}}[/tex]

[tex]S.E = \dfrac{14}{7}[/tex]

S.E = 2

Therefore, the standard error of the mean = 2

12h = 132
h=

i need to know how to do that ^

Answers

Answer:

h=11

Step-by-step explanation:

divide:

132/12h

11h

Answer:

11

Step-by-step explanation:

You divide each side by 12 in order to isolate the h

So: 12h = 132

     ____  _____

      12        12

       h   =     11

8 minus the sum of 5 and 43 divided by 8

Answers

[tex]\huge\star\underbrace{\mathtt\red{«♠A} \mathtt\green{n♣ }\mathtt\blue{ §} \mathtt\purple{w}\mathtt\orange{£} \mathtt\pink{r♪»}}\star\:[/tex]

8 - (5+43) /8

=> 8 - 48/8

=> 8 - 6

=> 2

Step-by-step explanation:

Hope it helps you tho...!!!!!!!!!!!!!!!!!

⚠️A machine used 48% of its oil. What fraction of its oil did the machine
use?⚠️
Need answer ASAP please and thank you

Answers

Answer:

12/25

Step-by-step explanation:

48/100 simplifies to 24/50. 24/50 simplififes to 12/25.

please help please asap​

Answers

Answer:

[tex]9\frac{3}{4} , 9.5 , 9 \frac{3}{8} , 9.175[/tex]

Step-by-step explanation:

What is √192 expressed in simplest radical form?

Answers

Answer:

a

Step-by-step explanation:

the answer is a

√192=13.85.....

8√3= 13.85

answer is a

What does -4(3x-7) =

Answers

Answer:

-12x+28

Tell me if u need an explanation!

Hope this Helps!!!

sin^2(a+b)-sin^2(a-b)=sin(2a)sin(2b)

Answers

Answer:

Step-by-step explanation:

To prove sin(a+b)*sin(a-b)=cos^2b-cos^2a

we simplify the left side  sin(a+b)*sin(a-b) first

sin(a+b) = sin a cos b + cos a sin b

sin(a-b) = sin a cos b - cos a sin b

sin(a+b)*sin(a-b) = (sin a cos b + cos a sin b) x (sin a cos b -cos a sin b)

sin a cos b((sin a cos b + cos a sin b) - cos a sin b (sin a cos b + cos a sin b)

open the bracket

sin a cos b(sin a cos b) + sin a cos b(cos a sin b) -cos a sin b (sin a cos b)+ cos a sin b ( cos a sin b)

sin²a cos²b + sin a cos b cos a sin b - cos a sin b sin a cos b + cos²a sin²b

sin²a cos²b  + 0 + cos²a sin²b

sin²a cos²b + cos²a sin²b

sin²a  = 1-cos² a

sin²b  = 1-cos² b

(1-cos² a)cos² b - cos² a(1-cos² b)

= cos² b - cos² a cos² b - cos² a +cos² a cos² b

choose like terms

cos² b - cos² a - cos² a cos² b + cos² a cos² b = cos² b - cos² a  + 0

cos² b - cos² a

left hand side equals right hand side

If you start with a board that is 2 3/8" wide and you trim off (cut off) 1 1/4", how wide will your board be?

Answers

Answer:

1 1/8"

Step-by-step explanation:

First, make a common denominator.

1 1/4 = 5/4 * 2/2 = 10/8 = 1 2/8

2 3/8 and 1 2/8

Then, subtract.

2 - 1 = 1

3/8 - 2/8 = 1/8

1 1/8"

It is the end of the semester, and the clubs at school are recording their profits. The Science Club started out with $20 and has increased its balance by an average of $10 per week. Write an equation in slope intercept form for the Science Club. It is the end of the semester, and the clubs at school are recording their profits. The Math Club has saved $5 per week after starting out with $50 at the beginning of the semester. Write an equation in slope intercept form for the Math Club. It is the end of the semester, and the clubs at school are recording their profits. Graph both lines from question 1 and 2 on the same coordinate plane. When do the clubs have the same balance?

Answers

Answer:

Science Club- y=10x+20

Math Club- y=5x+50

They will be equal 6 weeks

Step-by-step explanation:

X equals the number of weeks that have passed. In example of the science club, they would gain $10 every week, making the equation y (total money) equal to 10 dollars a week (or 10x.)

Since we know they begin with 20 dollars, we'll simply add that to the 10 dollars a week.

To find the week when they will be equal, we have to put both equations equal to each other.

10x+20=5x+50

Now we solve for x, or the number of weeks when the equations (and values) will be equal.

10x+20=5x+50

5x+20=50

5x=30

x=6

So... 6 weeks :)

You can use desmos to graph if you need it.

Nobody wants to answer my questions for brainliest
Do the boyz got me do?

Answers

I do just get me brainliest too dude

what is the range of the function f (x)= -1/3 lx-1l-2?​

Answers

Answer:

All real values less than or equal to -2 or (infinity, -2].

Step-by-step explanation:

The range of the function is the range of what the output can be. Let’s analyze the equation in parts.

Notice that |x-1| must always be greater than or equal to 0, so we know that 1/3|x-1| also must always be greater than or equal to 1/3*0 = 0.

With the negative, however, -1/3|x-1| must be less than or equal to -1/3*0 = 0.

Finally, we take the -2 into account. -1/3|x-1| - 2 must always be less than or equal to 0-2 = -2.

Therefore, the range is all real values less than or equal to -2, which can be written as (infinity, -2].

I hope this helps!

PLEASE HELP ME! I’m begging you please

Answers

1. 4.5675 x 10 to the second = 456.75
1. 4.5675 x 10 to the third = 4567.5
2. 98 divided by 10 to the negative second = 0.98
2. 98 divided by 10 to the negative third = 0.098

Hope that helps :)

Answer:

1. 456.75 4567.5

2. 0.98 0.098

3. 2.4

4. 12,300

5. 809.200

6. 0.13

7. 42,608

8. 18

9. 280

10. 23

11. 950

12. 0.26

13. 9,500

14. 6.4

15. 280 3.06 0.2

16. 0.086 8,620 3.624

Which breakfast would be best on the morning of a test?
O wafle with syrup and strawberries
O cereal with milk and a sweet roll
O yogurt, banana, and wheat toast
omelet, an orange, and a doughnut

Answers

The best breakfast that would be best on the morning of a test is cereal with milk and sweet roll. Hence, option B is correct

What is Breakfast?

Breakfast is frequently referred to as "the most important meal of the day," and with good cause. Breakfast, as the name implies, breaks the overnight fast. Along with providing other crucial nutrients needed for optimal health, it replaces your glucose supply to increase your energy and alertness.

There is medical evidence that eating breakfast is beneficial. In addition to helping you control your weight better, reducing your risk of type 2 diabetes and heart disease in the long run, it also boosts your energy levels and concentration capacity in the near term.

To know more about Breakfast:

https://brainly.com/question/29496786

#SPJ6

what is the estimate of the product 11/12 x 4/5​

Answers

Answer:

.7333333

Step-by-step explanation:

what is the slope in the equations: y = 4x + 3

Answers

Using the slope-intercept form, the slope is 4

Answer:

4

Step-by-step explanation:

y = mx + b

m represents the slope, and as we can see in the equation, the number 4 is there instead of m, so therefore 4 is the slope

what is 0.246 divide by 6

Answers

Answer:

I believe answer is 0.041

Answer:

The answer is 0.041

Step-by-step explanation:

I hope it helps ❤❤❤

HELP please guys!!!!!!!

Answers

Answer:

B

Step-by-step explanation:

Answer:

17 inches

Step-by-step explanation:

I believe this is right

Help and show your work

Answers

Answer:

x=3

Step-by-step explanation:

First start by simplifying the right side which is -5(x-8)+4. Apply the distributive property to have -5x-5*-8+4. Then simplify to -5x+40+4, and then to -5x+44. Now you are left with 14+5x = -5x+44. Move -5x to the left side, which now makes it positive, and do 5x+5x to have 14+10x=44. Now move 14 to the right side and subtract it from 44 to get 10x=30. Now divide both sides by 10 to have x=3.

Answer:

x=-5

Step-by-step explanation:

14 + 5x = -5(x-8)+4

14+5x=-5x+40+4

14+5x=-5x+44

14+10x=44

10x=30

x=3

Use the diagram to find the value of a. The parallel lines
are marked.
62
45
73
106

Answers

Answer:

62

Step-by-step explanation:

Notice that angles <a and that labeled 62 degrees are corresponding angles between parallel lines, and therefore, must be congruent.

Therefore:

<a = 62 degrees.

yx = -wvu
v =

Please help asap

Answers

Answer:   v = yx/-w + u

Step-by-step explanation:

cancel -w by dividing and cancel u by dividing

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