Ask question

Ask question

All categories

3 years ago

7

An investor invests $100 in a certificate, which compounds semi-annually, for a time period of one year. If he wants to quadrupl

e his money in one year, what interest rate would be needed?

1 answer:

vagabundo [1.1K]3 years ago

8 0

4p=p(1+i/2)^2
4=(1+i/2)^2 solve for I
Hope it helps

You might be interested in

The price of a new cell phone is $199. Eduardo’s cell phone carrier is offering a 15% off coupon, and the store is offering a $5

Blizzard [7]

The answer is $119.15

4 0

3 years ago

40% of OatyPop cereal boxes contain a prize. Hannah plans to keep buying cereal until she gets a prize. What is the probability

AnnZ [28]

Answer: Use a random number generator ranging from 1 to 10 and assign 1 through 4 as the prize and 5 through 10 as no prize.

Step-by-step explanation:

I just did the i-ready lesson, here you go mate! ^-^

4 0

3 years ago

Read 2 more answers

Assume that a simple random sample has been selected from a normally distributed population and test the given claim. Identify t

CaHeK987 [17]

Answer:

yeah

Step-by-step explanation:

i was thinking the same thing thank you

4 0

3 years ago

CAN SOMEONE CHECK MY ANSWER

tigry1 [53]

Answer:

Step-by-step explanation:

4 0

3 years ago

Read 2 more answers

How much tax is owed on $175.45 if the tax rate is 4.5%

Sever21 [200]

<span>$7.89525 Would be the exact amount of taxed owed. Which rounds to $7.90</span>

3 0

2 years ago