Register
Investmants historically have doubled every 9 years. If you start with a 2000 investment how much money wpuld you have after 54
132k views
5 votes
Investmants historically have doubled every 9 years. If you start with a 2000 investment how much money wpuld you have after 54

User Halllo
by
5.5k points

1 Answer

4 votes
Period For Interest = 9 months
Period taken = 54 months
Investment = 2000

Quarters for payment = 54 ÷ 9
=6 periods

2000×2 = 4000
4000×2 = 8000
8000×2 = 16000
16000×2 = 32000
32000×2 = 64000
64000×2 = 128000

Answer = 128000
User Coke
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.8m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Ten gallons of paint were poured into two containers of different sizes. Use one variable to express the amount poured into each container
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
Link Copied!