Solve the problem.Find out how long it takes a $2800 investment to double if it is invested at  compounded semiannually. Round to the nearest tenth of a year. Use the formula .

A. 7.9 years
B. 8.3 years
C. 8.1 years
D. 7.7 years


Answer: A

Mathematics

You might also like to view...

Simplify.

A.
B.
C.
D.

Mathematics

Compuvac Company just completed its initial forecasts of next year's financial statements using the projected balance sheet method. The firm determined that it needs $4 million in new debt, which can be issued at par with a 10 percent annual coupon. Additionally, the firm can sell 500,000 shares of new common equity, which will net $18.10 per share. Next year's expected dividend is $0.48 per share. After accounting for the financing feedbacks associated with raising the required funds, Compuvac expects its taxes to be $160,000 lower than were reported in the initial forecasts. Given this information, what should Compuvac find the change to be in the addition to retained earnings that is reported in the income statement that was initially forecasted after the financing feedbacks are

included? A. $0 B. $160,000 C. - $800,000 D. -$320,000 E. -$480,000

Mathematics

Make the indicated conversion with American units of capacity.A container holds 7 quarts of liquid. How many fluid ounces is this?

A. 120 fl oz B. 240 fl oz C. 60 fl oz D. 30 fl oz

Mathematics

Fill in the blank with one of the words or phrases listed below. The sum of the terms of a sequence is called a(n) .

A. finite sequence B. series C. infinite sequence D. general term

Mathematics