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2 years ago

If you put money into a compound interest account with 7.2% interest rate how many years will it take to double your money?

Business

1 answer:

Firlakuza [10]2 years ago

4 0

Answer:

It would take 2 years

Explanation:

7x2=14 witch is the 7.2% interest rate so it would take two years 2 double your money

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Molodets [167]

Answer:

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Explanation:

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5 0

2 years ago

Common stock valuelong dash—Variable growth Personal Finance Problem

xenn [34]

Answer:

$24.18

Explanation:

Dividend for year 0 = $2.2

Dividend at year end 1 = $2.2

Dividend at year end 2 = $2.2(1 + .05) = 2.31

Dividend at year end 3 = $2.31 (1 + .05) = 2.4255

Dividend at year end 4 = $2.4255 (1 + .17)= 2.8378

Dividend at year end 5 = $2.8375 (1 + .09)= 3.0932

Dividend at year end 6 = $3.0932 (1 + .09) = 3.371

MPS = $\frac{D_{1} }{(1\ +\ k)^{1} } + \frac{D_{2} }{(1\ +\ k)^{2} } \ +\ \frac{D_{3} }{(1\ +\ k)^{3} } \ +\ \frac{D_{4} }{(1\ +\ k)^{4} } +\ \frac{D_{5} }{(1\ +\ k)^{5} } \ + \frac{1}{(1\ +\ k)^{5} } [\frac{D_{6} }{(k\ -\ g)\ ]}$

where MPS = Market price of share

D= Dividend for different years

k = Cost of equity

g= constant growth rate after year 5

putting values in above equation we get,

MPS = 1.864 + 1.65 + 1.478 + 1.463 + 1.352 + 0.4371 × 37.462

MPS = $24.18

The maximum price per share that an investor who requires a return of 18% should pay for Home Place Hotels common stock is <u>$24.18</u>

4 0

3 years ago

The number of accidents that occur annually on a busy stretch of highway is an example of:

andrew11 [14]

I believe the answer to this question is "<span>A discrete random variable". </span>

8 0

3 years ago

Omega Company would have applied $31,500 of fixed manufacturing overhead if capacity usage had equaled the master budget. Given

pochemuha

Answer and Explanation:

The journal entry to close the manufacturing overhead account is shown below:

Given that

There is applied overhead of $31,500

And, the budgeted overhead is

= 2,000 × $15

= $30,000

As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead

Cost of goods sold Dr $1,500 ($31,500 - $30,000)

To factory overhead $1,500

(Being the closing of overhead is recorded)

4 0

2 years ago

External costs are those costs: Multiple Choice that fall directly on an economic decision maker. that fall indirectly on an eco

Maksim231197 [3]

Answer:

The correct option is D

Explanation:

External cost is the form of an expense which occur while consuming or producing the goods and services that imposes the cost or expense ( with negative effect) on the third party.

If there are the external costs while consuming the good, then the social costs would be greater than the private cost.

So, the external cost is defined as the cost that is imposed without any compensation on someone other than the person who cause or incur it.

7 0

3 years ago

If you put money into a compound interest account with 7.2% interest rate how many years will it take to double your money?￼

If you put money into a compound interest account with 7.2% interest rate how many years will it take to double your money?