_37. You invested $7000. How long will it take for the investment to double at a rate of 7%? a. Approximately 10 years b. Approximately 12 years c. Approximately 14 years d. Approximately 15 years e. Approximately 17 years _38. For 8 years, you invested an amount of $4600. The investment earns 5% in simple interest. How much interest will you earn? a. $115 b. $184,000 C. $117 d. $1,840 e. $11,500 _39. You invested $5,000 with 5% interest compounded quarterly. You add $1,000 each year. At the end of 5 years how much interest will you earn? a. $11,228.50 b. $12,228.50 c. $13,228.50 d. $14,228.50 e. $15,228.50
_37. You invested $7000. How long will it take for the investment to double at a rate of 7%? a. Approximately 10 years b. Approximately 12 years c. Approximately 14 years d. Approximately 15 years e. Approximately 17 years _38. For 8 years, you invested an amount of $4600. The investment earns 5% in simple interest. How much interest will you earn? a. $115 b. $184,000 C. $117 d. $1,840 e. $11,500 _39. You invested $5,000 with 5% interest compounded quarterly. You add $1,000 each year. At the end of 5 years how much interest will you earn? a. $11,228.50 b. $12,228.50 c. $13,228.50 d. $14,228.50 e. $15,228.50
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Please Help. What is the answer to 37,38 and 39
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Update :
37. You invested $7000. How long will it take for the investment to double at a rate of 7%?
a. Approximately 10 years
b. Approximately 12 years
C.
Approximately 14 years
d. Approximately 15 years
e. Approximately 17 years
38. For 8 years, you invested an amount of $4600. The investment earns 5% in simple interest.
How much interest will you earn?
a. $115
b. $184,000
$117
$1,840
C.
d.
e. $11,500
39. You invested $5,000 with 5% interest compounded quarterly. You add $1,000 each year. At
the end of 5 years how much interest will you earn?
a. $11,228.50
$12,228.50
c. $13,228.50
d. $14,228.50
b.
e.
$15,228.50
40. What is the check digit of the UPC 3-8137-008238-?
a.
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