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lyudmila [28]
1 year ago
8

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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What is Installment credit? <br> (In your own words, please and thank you!!! :)
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Installment credit is when you borrow a fixed sum of money and agree to make monthly.
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2 years ago
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Is carriage inward <br>debit or credit​
Gre4nikov [31]

Answer:

From the buyer's point of view, the delivery charge would he referred to as “carriage inwards”. Any such carriage charges should be debited to the carriage inwards account in the general ledger. The carriage inwards account is written off to the trading account at the end of the accounting period.

Explanation:

Carriage inwards refers to the transportation costs required to be paid by the purchaser when it receives merchandise it ordered with terms FOB shipping point. Carriage inwards is also known as freight-in or transportation-in. Carriage inwards is considered to be part of the cost of the items purchased.

5 0
3 years ago
Identify and demonstrate processes for making long-term goals and short-term goals
matrenka [14]
Long term 4-6+ years  goals like having a career having a business or some , short term 0 months-1/2 years and that's like making It to the next grade.
8 0
3 years ago
Parker had just graduated from Howard University in Washington, DC at the top of his class with a B.S. in Computer Engineering.
Nikitich [7]

Answer:

The firm wins because these actions are not illegal.

Explanation:

The laws that prohibit non physical harassment at work are:

  • Title VII which prohibits discrimination based on race, color, sex, religion, etc.
  • ADEA which protects people who are older than 40 years old against discrimination based on their age.

Parker should first address this issue with the company and see how it can work out. It is very difficult for someone to win a lawsuit if they don't fall under any protected category. In this case, Parker's colleagues are jealous because he is simply smarter and that is the reason why they are harassing him. I guess that if he can prove with a psychiatrist report that the continuous harassment is affecting his well being, he might have a chance.

I knew a case from first hand about a very beautiful woman who had two careers and was very smart and efficient. She wasn't harassed by men, most men at the office only starred at her and wouldn't dare to talk to her. She was harassed by other women that were jealous about her beauty and the fact that she was probably the smartest person around. Besides everybody knowing that the other women were jealous, and everyone making jokes about who was most jealous, she couldn't do anything about it. She ended up quitting the job and to be honest her life got much better at another place. Sometimes an organization's culture is managed by one or two individuals, and if they feel threatened by someone else, they may act in a very childish way and the rest follows.

4 0
4 years ago
Compared to stocks, mutual funds offer investors a relatively limited range of choices true or false
Elenna [48]

Compared to stocks, mutual funds offer investors a relatively limited range of choices - false

Answer is False

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A mutual fund is a business enterprise that swimming pools money from many buyers and invests the cash in securities which include stocks, bonds, and quick-term debt. The blended holdings of the mutual fund are known as its portfolio. buyers purchase stocks in mutual finances.

Are mutual funds safe?

Mutual funds are in large part a secure investment, seen as being an excellent manner for investors to diversify with minimum hazard. but there are circumstances in which a mutual fund isn't always a great choice for a marketplace player, especially on the subject of costs.

What's mutual funds and types?

A mutual fund is a basket of numerous investments, together with shares, bonds, and cash. There are three primary styles of mutual funds: equity finances, constant-profits budget, and cash market budget. every of those sorts has a distinctive risk stage associated with it. There are two predominant blessings to mutual funds.

Can I get monthly income from mutual funds?

Sure, you may get month-to-month earnings from mutual funds. The first-class way for that is to opt for SWP or Systematic Withdrawal Plan in a mutual fund scheme. via SWP, you could withdraw a set quantity on a monthly or quarterly foundation from the investment you've got made in any mutual fund scheme.

Learn more about Mutual funds here:-  brainly.com/question/4521829

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8 0
2 years ago
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