Question

Hi! I am struggling with this problem, and I would really appreciate your assistance. The problem:...

Hi! I am struggling with this problem, and I would really appreciate your assistance.

The problem: Jacob invested money into his bank account 5 years ago, which has paid interest at the rate of 8% yearly compounded quarterly. $22,289,22 is the current value of his investment. How much did he invest originally?

Thank you so much for your help.

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

So Jacob invested 5 year ago $1500000.61.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Hello, I am struggling with these problems and would appreciate step by step explanations on how...
Hello, I am struggling with these problems and would appreciate step by step explanations on how to get the answers. I really want to learn and to try to understand this topic. Thank you! (4 points) For each problem, select the best response. (a) For a standard Normal distribution, find the approximate proportion of observations less than 1.71. A. 0.1436 B. 0.9564 C. 0.9064 D. 1.0064 E. 0.0436 (b) For a standard Normal distribution, find the approximate proportion of observations...
Hi! I'm working on a project and struggling to piece my thoughts together. I am supposed...
Hi! I'm working on a project and struggling to piece my thoughts together. I am supposed to come up with a problem statement and research question regarding public policy. The example given is: Problem statement: • Governments have supported decentralized approaches of delivering social services. • Emphasized interorganizational collaboration to improve service integration and reduce fragmentation. • However, it is hard to evaluate how much collaboration is taking place among nonprofits and what extent they collaborate. Research Questions: • Why...
HI i am having trouble with my post lab report. It involved Delta H, specific heat...
HI i am having trouble with my post lab report. It involved Delta H, specific heat and other things i am having trouble calculating. I have uploaded the images onto a google document https://docs.google.com/document/d/1VQi5tjHzD-mmVQqBvdczQdkBRWSPpV7N5vY2xlL_Gmw/edit?usp=sharing I AM ONLY ASKING YOU TO complete the questions on PAGE 4 of the google doc. I WOULD HIGHLY APPRECIATE IF IF YOU WOULD SHOW STEP BY STEP, AND EXACTLY WHAT NUMBERS REPRESENT WHICH VARIABLES. Please help me out, I am really struggling in my chemistry...
Hello. I am running into difficulty solving the problem below and would greatly appreciate a step-by-step...
Hello. I am running into difficulty solving the problem below and would greatly appreciate a step-by-step explanation on how to arrive at the correct answer: TYCO Company manufactures consumer products and provided the following information for the month of February: Units produced 131,000 Standard direct labor hours per unit 0.20 Standard fixed overhead rate (per direct labor hour) $2.50 Budgeted fixed overhead $65,000 Actual fixed overhead costs $68,300 Actual hours worked 26,350 1. Calculate the fixed overhead spending variance and...
Oh, and could you please show your work in as much detail as possible. I already...
Oh, and could you please show your work in as much detail as possible. I already kinda know the answer, I just want to see how you get it. Thank you so much!!! Edit: Thank you so much for trying to help me but I figured it out but I would appreciate your help in the following question. Thank You! One hundred identical mortgages are pooled together into a pass-through security. Each mortgage has a $100,000 principal, a fixed interest...
PLEASE ANSWER ALL, I am unable to post individually. Do NOT answer, If you are not...
PLEASE ANSWER ALL, I am unable to post individually. Do NOT answer, If you are not going to complete all, and or request to post the remaining separately. Thank you ! 4.Your birthday is next week and instead of other presents, your parents promised to give you $2,700 in cash. Since you have a part-time job and, thus, don’t need the cash immediately, you decide to invest the money in a bank CD that pays 7.80 percent, compounded quarterly, for...
PLEASE ANSWER ALL, I am unable to post individually. Dont not answer, and request to post...
PLEASE ANSWER ALL, I am unable to post individually. Dont not answer, and request to post the remaining separately. Thank you ! 2.Your aunt is planning to invest in a bank CD that will pay 7.0 percent interest semiannually. If she has $13,000 to invest, how much will she have at the end of four years? 3.Lisa Anderson received a graduation present of $1,000 that she is planning on investing in a mutual fund that earns 14.00 percent each year....
I really need the Calculation steps in order to understand what you did! Thank you! Time...
I really need the Calculation steps in order to understand what you did! Thank you! Time Value of Money and Bonds Valuation As Laura’s new year resolution, she wants to begin saving money for her retirement. You are hired as her financial advisor. Following your suggestion, today Laura will deposit $100,000, which she inherited from her parents, into a 5-year savings account at Citi bank, which pays 3.25% interest annually. 8. Assume Laura also told you her expected residual savings...
I am trying to solve the following C++ problem over structures. I am having trouble with...
I am trying to solve the following C++ problem over structures. I am having trouble with the very last structure and I made a comment next to where I am confused. I included the assignment instructions and my current code. I would appreciate if anyone can help me explain what I need to do for the last structure. Thank you. Assignment Instructions Create a program that will prompt me for each of the following items: 1. Date of Birth 2....
How long would it take to double your money in an account paying 4% compounded quarterly?...
How long would it take to double your money in an account paying 4% compounded quarterly? Ignoring leap uears, the investment will be doubled in _____ years and _____ days. (Round to the nearest whole number as needed.) I'm having a problem, all the explanations I've received give me a response of 17.42 years; however, my book says 17 years and 151 days - how do I get the 151 days???? im so confused. can the exact answer be obtained...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT