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lisabon 2012 [21]
3 years ago
10

If the interest earned by a CD is compounded annually, which rule is most accurate when calculating how long it will take the mo

ney invested in the CD to double? (A). Rule of 69 (B). Rule of 72 (C). Rule of 4 (D). None of the above
Business
2 answers:
Bas_tet [7]3 years ago
8 0
I believe the answer is: B. Rule of 72

In financing, rule of 72 refers to a method to estimate an investment that being done by <span> dividing the interest percentage annually to obtain the prediction of  periods required for doubling. Rule of 72 is usually used when the interest type is common and the number is easily divisible.</span>
Gennadij [26K]3 years ago
5 0
B.) Rule of 72; just had this question on Apex and was trying to find the answer but guessed since I couldn’t find it. Posting to save a life!
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Herbert, a finance analyst at a company, is asked to deliver a presentation to all employees of the company on the procedure inv
Papessa [141]

Answer:

The correct option is D, be concise

Explanation:

Being concise means that the presenter is being asked to achieve two opposing objectives of using few words as much as possible as well as being comprehensive enough such that the audience understand the topic appropriately.

Conciseness in actual terms, is required because the audience are not trained finance professionals and would not be able to comprehend professional terminologies.

7 0
3 years ago
Read 2 more answers
An individual contributes $100 per month to a 401(k) retirement account. The account earns interest at a nominal annual interest
Art [367]

Answer:

$458,822

Explanation:

The formula to compute the future value is shown below:

Future value = Amount (1+i)^n -1 ÷ i)

where,

Interest rate = 8% ÷ 12 months = 0.6666%

And, the number of months = 35 years × 12 months = 420

Now put this value to the above formula

F = $100 × (1 + 0.6666%)^420 - 1 ÷ 0.6666%

After solving this,

the answer would be $458,822

8 0
3 years ago
In a business report, the conclusions present suggestions on how the problem might be solved Group of answer choices True False
Yuki888 [10]

Answer:

False

Explanation:

In a business report, the conclusions section explains what all the collected information means and summarizes the most important parts of the report.

While the recommendations section actually presents a list of suggestions and/or specific actions that should be taken.

7 0
4 years ago
Jerome, who files as head of household, received the following income: Wages (box 1 of Form W-2) $50,000; Interest income $1,000
Lady bird [3.3K]

Answer:

$51,022

Explanation:

Gross income is the aggregate of wages income, interest income, and FMV only.

Given that,

Wages (box 1 of Form W-2) = $50,000;

Interest income = $1,000;

Christmas ham (FMV) = $22;

DCB, box 10 of Form W-2 = $2,000 (Spent $1,500 for childcare)

Gross income:

= Wages + Interest + FMV

= 50,000 + 1,000 + 22

= $51,022

Therefore, the gross income must Jerome report is $51,022.

6 0
3 years ago
On January 1, 2021. Nana Company paid $100,000 for 6200 shares of Papa Company common stock The ownership in Papa Company is 10%
Tasya [4]
I am pretty sure the answer is b
4 0
3 years ago
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