Finance questions for math homework

Jul 22nd, 2015
SKTFaker
Category:
Mathematics
Price: $5 USD

Question description

How long will it take for $4,700 to grow to 36,500 at an interest rate of 7.4% if the interest is compounded quarterly? Round the numbers of years to the nearest hundredth.

How long must $5,400 be in the bank at 7% compounded annually to become $9,278.21 round to the nearest year.

At what interest rate must $4,600 be compounded annually to equal $9,195.42 after 9 years. Round to the nearest percent.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UIUC
PREMIUM TUTOR

Studypool has helped 1,244,100 students

7 Reviews


Summary
Quality
Communication
On Time
Value
kpcutie
Dec 2nd, 2016
" Excellent job "
Hemapathy
Nov 18th, 2016
" all I can say is wow very fast work, great work thanks "
BlueOcean
Nov 5th, 2016
" Awesome! Exactly what I wanted. "
kevin12622
Oct 27th, 2016
" Goes above and beyond expectations ! "
ashleyisgod
Oct 13th, 2016
" Top quality work from this guy! I'll be back! "
likeplum4
Oct 4th, 2016
" Excellent work as usual "
Molly_Moon
Sep 21st, 2016
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors