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1 year ago

about how many years will it take for $100,000 placed in a bank account at 7% interest rate compounded annually to double?

Business

1 answer:

Leni [432]1 year ago

4 0

10.24 years

Compound interest, which is when interest is added to a loan rather than paid off or collected from the borrower, is what causes it. for the purpose of generating interest on the principal amount and any accumulated interest throughout the following period. Interest is a typical occurrence in compound interest economics and finance.

In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest.

The simple annual interest rate is equal to the period of interest multiplied by the number of periods in a year. The simple annual interest rate is also known as the nominal interest rate.

To learn more about Compound interest from the given link:

brainly.com/question/14295570

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20%

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When ann taylor, a well-known retailer of sophisticated women's clothing, started losing sales to its own loft outlets that feat

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3 years ago

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Answer:

c. affective commitment.

Explanation:

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3 years ago

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Katen [24]

Answer:

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Explanation:

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Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

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3 years ago

Economics Airlines currently spends $20,000 per month in airport fees and $10,000 per flight for fuel, crew, and airplane mainte

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Answer:

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For 5 flights per month

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Total Cost = Variable cost + Fixed cost

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3 years ago