I get a job bagging groceries at the age of 16. In my rst summer of...

I get a job bagging groceries at the age of 16. In my rst summer of bagging groceries I save $500.

I invest this money into a exchange traded fund that follows the S&P 500. The S&P 500 has an

annual growth rate of about 10%. In other words, my investment value increases at a rate of 10%

per year. Using the rule of 70 to nd the doubling time, calculate the approximate amount of time

it will take for this investment to exceed $1,000,000 in value.

Using the same scenario above, calculate the approximate amount of time it will take for the invest-

ment to exceed $1,000,000 in value, if I instead invested $1,000.

Solutions

Expert Solution

The answer is as follows:

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Subjective (S): “My arms get tired, I have shoulder pain, and I get short of breath...

Subjective (S): “My arms get tired, I have shoulder pain, and I get short of breath pushing my wheelchair up inclines. Also, I sometimes suffer from a rapid onset of anxiousness, sweating, headache, and pupil dilation (my girlfriend noticed the pupil dilation). These signs/symptoms occurred several times during rehabilitation as my pressure sores were healing, or whenever my bladder was full.” 3. Ted describes random bouts of anxiety, sweating, headache, and pupil dilation. What condition is Ted describing? Why does...

I am stuck in Austin with a flat tire, and I need to get to my...

I am stuck in Austin with a flat tire, and I need to get to my class in Houston within 2 hours. The drive is 180 miles long, but I want to be careful of the Austin cops. I do not usually get caught speeding unless I am seen accelerating too fast, so I do not want to accelerate at a rate of more than 120 mi?/?h2. Just to be careful, I?m going to take exactly 2 hours to make...

In my old job, I realized I couldn't identify with my superior's leadership style. He has...

In my old job, I realized I couldn't identify with my superior's leadership style. He has not responded to the needs and wishes of employees and has not provided any motivating incentives. I ask myself whether an employee can have an influence on the mental model of the superior? Is it possible to change the behavior fixed in the head? And can employees influence the management style at all without endangering their job? Any thought on this?

I am doing a lab and I get this error message in my unittest: junit.framework.AssertionFailedError: Hint:...

I am doing a lab and I get this error message in my unittest: junit.framework.AssertionFailedError: Hint: matches() should have returned true when item matches the item passed into IdLookup constructor. Here is my code. What changes should be made? /** * This class is a lookup that matches items whose id matches exactly * a specified id, to be passed into the constructor when creating * the instance of the lookup. * * @author Franklin University * @version 2.0 */...

I have to calculate ratios of the 16 stated below. I have Apple as my company...

I have to calculate ratios of the 16 stated below. I have Apple as my company and I have to use financial data of 2017. I also have to show how the ratios are calculated with steps in text. Then give an explanation on each ratio. Below is the Problem. One would have to access Apple's Annual report for 2017 as I cannot post a link. All of this is done in a Excel Sheet with explanations of each ratio....

Last summer I collected data from my students and it turned out that their average height...

Last summer I collected data from my students and it turned out that their average height was 67” with standard deviation 4.0”. There were 58 students in class that day. I want to know if my students are, on average,taller than I am? I am 64” tall. 1. we are testing 2. H0: 3. Ha: 4. We will do a z-procedure because the sample size is large. 5. If the population mean __________ is indeed __________, then due to sampling...

this is my Matlab code for lemur and plant population simulation. But i didn't get the...

this is my Matlab code for lemur and plant population simulation. But i didn't get the right graph. R(1,1)=35; % Initial pop of males R(2,1)=35; % Initial pop of females P(3,1)=200000; % Iniitial pop of plants r(1)=1.01; % Growth rate of male pop r(2)=1.01; % Growth rate of female pop r(3)=1.10; % Growth rate of plants K(1)=800; % Carrying capacity for male pop K(2)=600; % carrying capacity for female pop K(3)=7500000; % carrying capacity for plants E=65; % Plants...

In my grade 10 class there are there are 16 boys and 9 girls. I need...

In my grade 10 class there are there are 16 boys and 9 girls. I need to send 10 of them to a Guidance meeting. How many ways can... a) an equal number of each gender be chosen? b) Christopher be chosen? c) Christopher and Emma be chosen? d) at least one girl be chosen? e) Christopher and Emma cannot both go, at least 1 of them must stay in class! f) Send only girls? Clearly label each part and...

I just quit my job and I have a 401k with 20k. What are three options...

I just quit my job and I have a 401k with 20k. What are three options I can do with the money? What should I ABSOLUTELY not do with this money? Answer the questions above using good reasoning.

For my economy class I need to annswer these questions but I just dont get/cant find...

For my economy class I need to annswer these questions but I just dont get/cant find the right inf. The Presentville – Futureville case: 1. Explain what motivated each group to make the decisions they made.

Subjects