How long will it take for $900 to become $5000 at an annual rate of 11.15% compounded bimonthly?

Name: Solved: How long will it take for $900 to become $5000 at an annual rate of 11.15% compounded bimonthly? - MathMaster
Brand: MathMaster
Rating: 4.9 (253 reviews)

253

likes

1263 views

Answer to a math question How long will it take for $900 to become $5000 at an annual rate of 11.15% compounded bimonthly?

$Expert avatar$

Dexter

4.7

81 Answers

t = 15.522 años

Frequently asked questions (FAQs)

What is the median of a data set: 10, 15, 22, 30, 55?

Math question: Find the smallest natural number n such that the equation x^n + y^n = z^n has no positive integer solutions, satisfying Fermat’s Theorem.

What is the formula for the lateral area of a cone?

New questions in Mathematics

How much volume of water in MegaLiters (ML) is required to irrigate 30 Hectare crop area with depth of 20mm?

-6(3x-4)=-6

The ratio of tomatoes to red apples is 2:5. If there are 20 tomaoes in the garden, how many red apples are there?

3x+2/2x-1 + 3+x/2x-1 - 3x-2/2x-1

The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation of $0.10. Sixteen gas stations from the Bay Area are randomly chosen. We are interested in the average cost of gasoline for the 16 gas stations. 84. Find the probability that the average price for 30 gas stations is less than $4.55. a 0.6554 b 0.3446 c 0.0142 d 0.9858 e 0

Primes are numbers divisible only by 1 and themselves; There are infinitely many prime numbers and the first ones are 2, 3, 5, 7, 11, 13, 17, 19, 23, .... Consider a 12-sided die, with the faces numbered from 1 to 12. Out of 4 rolls, the probability that only the first three numbers are primes is:

Determine the reduced equation of the straight line that is perpendicular to the straight line r: y=4x-10 and passes through the origin of the Cartesian plane

With the aim of identifying the presence of the feline leukemia virus (FeLV), blood samples were collected from cats sent to a private veterinary clinic in the city of Belo Horizonte. Among the animals treated, it was possible to observe that age followed a Normal distribution with a mean of 4.44 years and a standard deviation of 1.09 years. Considering this information, determine the value of the third quartile of the ages of the animals treated at this veterinary clinic. ATTENTION: Provide the answer to exactly FOUR decimal places

You are the newly appointed transport manager for Super Trucking (Pty) Ltd, which operates as a logistics service provider for various industries throughout southern Africa. One of these vehicles is a 4x2 Rigid Truck and drawbar trailer that covers 48,000 km per year. Use the assumptions below to answer the following questions (show all calculations): Overheads R 176,200 Cost of capital (% of purchase price per annum) 11.25% Annual License Fees—Truck R 16,100 Driver Monthly cost R 18,700 Assistant Monthly cost R 10,500 Purchase price: - Truck R 1,130,000 Depreciation: straight line method Truck residual value 25% Truck economic life (years) 5 Purchase price: Trailer R 370,000 Tyre usage and cost (c/km) 127 Trailer residual value 0% Trailer economic life (years) 10 Annual License Fees—Trailer R 7,700 Fuel consumption (liters/100km) 22 Fuel price (c/liter) 2053 Insurance (% of cost price) 7.5% Maintenance cost (c/km) 105 Distance travelled per year (km) 48000 Truck (tyres) 6 Trailer (tyres) 8 New tyre price (each) R 13,400 Lubricants (% of fuel cost) 2.5% Working weeks 50 Working days 5 days / week Profit margin 25% VAT 15% Q1. Calculate the annual total vehicle costs (TVC)

Which of the methods below can be used to workout 95% of an amount? a. Dividing the amount 100 and multiply by 95 b. Working out 5% of the amount and taking it away from the full amount c. Dividing 95 by 100 and multiplying the answer by the amount d. Dividing the amount by 95 and then multiply by 100