All categories

2 years ago

Approximately how many years does it take to double a $100 investment when interest rates are 7 percent per year? xx.xx years.

Business

1 answer:

Vinvika [58]2 years ago

4 0

It will take 10.29 years to double a $100 investment when interest rates are 7 percent per year.

Investment definition is an asset obtained or invested in to build wealth and keep money from the difficult earned earnings or appreciation. funding meaning is mainly to reap an extra source of earnings or advantage take advantage of the funding over a selected period of time.

Making an investment is an effective manner to put your cash to work and doubtlessly construct wealth. smart investing might also allow your money to outpace inflation and increase in price. The greater boom capacity of making an investment is primarily due to the energy of compounding and the hazard-return tradeoff.

In the most straightforward sense, making an investment works while you buy an asset at a low fee and promote it at a higher fee. This form of go back on your investment is known as a capital advantage. incomes returns by using selling assets for a profit—or knowing your capital profits—is one way to make cash investing.

N = 72 / 7

≈ 10.29 years

Learn more about investment here brainly.com/question/417234

#SPJ4

You might be interested in

Economic efficiency is A. a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its

pickupchik [31]

Answer: Option B

Explanation: Economic efficiency refers to a situation when all the resources that exist in an economy are allocated in such a way that all the individuals and entities in the economy is getting the maximum utility out of them.

In an efficient economy the surplus of both consumer and supplier are maximum and any increase or decrease in resource allocation will only result in harm of the economy.

Hence from the above we can conclude that the correct option is B.

5 0

4 years ago

Which item is most often included along with a resume as part of a job application?

prohojiy [21]

Which item is most often included along with a resume as part of a job application? The cover letter is often included along with a resume as part of a job application. The cover letter helps you introduce yourself in a more personal way when applying for a job. The cover letter focuses more on who you are as a person related to your work ability rather than just a list of small information about what you've accomplished.

3 0

3 years ago

Read 2 more answers

The Raw Materials Inventory account had a beginning balance of $ 15000 and an ending balance of $ 20000. During the year, the c

natka813 [3]

Answer:

The Cost of Goods Manufactured for the year is $341,000

Explanation:

The computation the cost of goods manufactured is shown below:

= Beginning balance of work in process inventory + total manufacturing costs - ending balance of work in progress inventory

= $21,000 + $339,000 - $19,000

= $341,000

where,

Total manufacturing costs = direct materials cost + direct labor cost + manufacturing overhead cost

= $59,000 + $128,000 + $152,000

= $339,000

5 0

3 years ago

A disadvantage of the corporate form of business entity is

lapo4ka [179]

Answer:

A disadvantage of the corporate form of business entity is corporations are subject to more governmental regulations.

3 0

3 years ago

On 1 January 2010 The Happy Haddock Angling Club had the following assets:

ehidna [41]

The preparation of an income and expenditure account for the year ended December 31, 2010, for The Happy Haddock Angling Club is as follows:

The Happy Haddock Angling Club

<h3>Income and Expenditure Account</h3>

For the year ended December 31, 2010

Snack bar income Rm 6,000

Cost of snacks 3,650

Gross profit from bar 2,350

Snack bar expense 600

Snack bar operating income 1,750

Other expenses:

Rent and rates Rm1,500

Secretarial expenses 240

Interest on loan 260 2,000

Net loss Rm 250

<h3>What is an income and expenditure account?</h3>

An income and expenditure account is the income statement prepared by non-trading entities to determine the surplus or deficit of income over expenditures for a period.

<h3>Data and Calculations:</h3>

Cash at bank Rm 200

Snack bar inventory 800

Clubhouse buildings 12,500

Equity = Rm 13,500 (Rm 200 + 800 + 12,500)

<h3>Cash Account:</h3>

Receipts: Payments:

Subscriptions 2010 Rm3,500 Rent and rates Rm1,500

Subscriptions 2011 380 Extension to dub house 8,000

Snack bar income 6,000 Snack bar purchases 3,750

Visitors' fees 650 Secretarial expenses 240

Loan from bank 5,500 Interest on loan 260

Competition fees 820 Snack bar expense 600

Games equipment 2,000

Balance c/d 500

16,850 16,850

Notes:

The snack bar inventory on 31 December 2010 was RM900

The Games equipment should be depreciated by 20%.

<h3>Cost of Snacks Bar Sales:</h3>

Snack bar inventory 800

Snack bar purchases 3,750

Total snack bar available = Rm 4,550

Snack bar ending inventory Rm 900

Cost of snacks sold = Rm3,650

Games Equipment Depreciation = Rm 400 ( Rm 2,000 x 20%)

Rent and rates Rm1,500

Secretarial expenses 240

Interest on loan 260

Snack bar expense 600

Snack bar income 6,000

Subscriptions 2010 Rm3,500

Visitors' fees 650

Competition fees 820

Learn more about preparing an income and expenditure account at brainly.com/question/24498019

#SPJ1

3 0

3 years ago