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(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 18 percent compounded weekly? Assume that you invest $1 today If you invest $1 at 18 percent compounded weekly, about how many years would it take for your investment to grow sevenfold to $77 (Hint Remember to convert your calculator solution to years) years (Round to one decimal place.)

(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 18 percent compounded weekly? Assume that you invest $1 today If you invest $1 at 18 percent compounded weekly, about how many years would it take for your investment to grow sevenfold to $77 (Hint Remember to convert your calculator solution to years) years (Round to one decimal place.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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ease answer A & B (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 18 percent compounded weakly? Assume that you invest $1 today If you invest $1 at 18 percent compounded weekly, about how many years would it take for your investment to grow sevenfold to $77 (Hit Remember to convert your calculator solution to years) years (Round to one decimal place.) (Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $390,000 due in 25 years. In other words, they will need $390,000 in 25 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock of the appropriate discount rate is 7 percent, what is the present value of the liability? CHIL If the appropriate discount rate is 7 percent, the present value of the $300,000 liability due in 25 years is (Round to the nearest cent.)
Transcribed Image Text:ease answer A & B (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 18 percent compounded weakly? Assume that you invest $1 today If you invest $1 at 18 percent compounded weekly, about how many years would it take for your investment to grow sevenfold to $77 (Hit Remember to convert your calculator solution to years) years (Round to one decimal place.) (Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $390,000 due in 25 years. In other words, they will need $390,000 in 25 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock of the appropriate discount rate is 7 percent, what is the present value of the liability? CHIL If the appropriate discount rate is 7 percent, the present value of the $300,000 liability due in 25 years is (Round to the nearest cent.)
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