Determine how long it will take for his total investment

Assignment Help Project Management

Reference no: EM131268614

A man with $20,000 to invest decides to diversify his investments by placing $10,000 in an account that earns 7.2% compounded continuously and $10,000 in an account that earns 8.4% compounded annually.

Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to $35,000.

Reference no: EM131268614

Questions Cloud

What nominal rate compounded continuously money be invested : At what nominal rate compounded continuously must money be invested to double in 8 years?- At what nominal rate compounded continuously must money be invested to double in 10 years?

Inverse demand and inverse supply functions : Suppose perfectly competitive market conditions are characterized by the following inverse demand and inverse supply functions: P = 100 - 5Q and P = 10 + 5Q. The demand curve facing an individual firm operating in this market is:

Research and innovative technology administration : Review US airline industry demand and supply data from the US Bureau of Transportation Statistics. Explain in terms of supply and demand how the US domestic airline industry reacted to the recession. You may wish to explain only one aspect of the ..

Find the generator and the parity check matrices : Find the generator and the parity check matrices of a second-order (r = 2) Reed-Muller code with block length n = 16. Show that this code is the dual of a first-order Reed-Muller code with n = 16.

Determine how long it will take for his total investment : Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to $35,000.

Employ subsidies in the market for particular goods : Define per unit subsidy and explain why a government may want to employ subsidies in the market for particular goods and services.

Evaluating the success of a marketing strategy : You know various criteria for evaluating the success of a marketing strategy: profitability, variance to target, customer satisfaction, monitoring of sales staff, etc. How will you know if your marketing plan is successful? What is most important to ..

Cover the fixed costs of the machinery and setup : Big Lu knows he can sell at least 15,000 cases, but he wonders if that will be enough to cover the fixed costs of the machinery and setup. These costs have been estimated at $300,000. Should Big Lu make the cases in house or purchase them from China?..

Traditional carriers in the short term : In a period of rising fuel prices, and thus higher airfares, do you think that low cost carriers are more or less vulnerable than the traditional carriers in the short term?

User Account

All Pages