Boretti has $400,000 in a stock fund. The fund pays a 10% return, compounded annually. If he does not make another deposit into the account, how long will it take for the account to increase to $2 million? (Do not round intermediate calculations. Round the final answer to two decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Boretti has $400,000 in a stock fund. The fund pays a 10% return, compounded annually. If he does not make another deposit into the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following would further an economic goal of efficiency
Answers (1)
Congratulations! You just finished up your MHA. You are now making the big bucks! You are pulling down $75,000 a year. Your estimated payroll taxes are 20%.
Answers (1)
Read the excerpt from a speech. i hope everyone in attendance tonight will consider making a donation to the city park fund. this neighborhood treasure provides a safe place for children to play.
Answers (1)
Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 1 2 3 4 5 FCF ($ million) 53 68 78 75 82 After 5 years, the free cash flows are expected to grow at the industry average of 4% per year.
Answers (1)
what budget is a type of financial report that scrutinizes the inflow of money in a given financial year?
Answers (1)
New Questions in Business
Miyose Corporation, a manufacturing company, has provided the following data for the month of June: Raw materials purchased during June totaled $67,000 and the cost of goods manufactured totaled $124,000.
Answers (1)
Economists and policy makers often deal with the tradeoff between efficiency and: A) revenue. B) profit. C) equity. D) cost.
Answers (1)
A corporation in 2018 expects a gross income of $475,000 , total operating expenses of $350,000 , and capital investments of $25,000. In addition the corporation is able to declare $52,000 of depreciation charges for the year.
Answers (1)
LO 7.1Which approach requires management to justify all its expenditures? bottom-up approach zero-based budgeting master budgeting capital allocation budgeting
Answers (1)
All of the following are characteristics of an effective design process except a. increasing the design time for new products and services. b. meeting customer requirements in the least costly manner. c.
Answers (1)