Calculate amount of money that you will have in account

Assignment Help Financial Management

Reference no: EM131963233

You invest USD1,500,000 in an account that gives you an annual rate of return of 7% with continuous compounding.

Calculate the amount of money that you will have in the account by the end of 6 years?

You wish to keep the account open until you have 4,500,000. Calculate the time for this to happen. Note that this time may be presented in a fraction of a year; use 4 digits.

Reference no: EM131963233

Questions Cloud

Explain what you can do as a nurse to support your clients : Explain what you can do as a nurse to support your clients in end-of-life care and in supporting their desires. Support response with evidence-based literature.

Propose a solution to the above system : Consultant Company received a contract to design and build ONE system that can support more than 300 different software applications running

Discussion on epidemiology of obesity : Within this Unit, you are going to submit a research paper on Epidemiology of Obesity. The research paper will need to be at least eight (8).

Challenging aspects of computer security : Discuss the more challenging aspects of computer security and information assurance. It is the fast-paced, ever-changing environment that security professionals

Calculate amount of money that you will have in account : Calculate the amount of money that you will have in the account by the end of 6 years?

Perform a health history on an older adult : Perform a health history on an older adult. Students who do not work in an acute setting may practice these skill with a patient, community member and neighbor.

Which style of conflict management is he most likely : The seven members of a project team are constantly arguing over goals and procedures, threatening a breakdown in the team's cohesiveness.

Read the data from the data file into three arrays : Read the data from the data file into three arrays, one to store the city names, one to store the populations, and another to store the precipitations.

Discuss different types of firms in the securities industry : Discuss the different types of firms in the securities industry; compare and contrast their roles and structure

User Account

All Pages