interest rate
Not what you're looking for?
You are considering investing in a Third World bank account that pays a nominal annual rate of 18%, compounded monthly.
If you invest $5,000 at the beginning of each month, how many months will it take for your account to grow to $250,000? Round fractional years up.
Purchase this Solution
Solution Summary
interest rate
Solution Preview
Use the future value formula FV = PV (1 + r)^n, where r is interest rate per ...
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.