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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

#SPJ4

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ason owns a small landscaping business called GreenScapes. When buying a new pickup truck for his landscaping business, Jason ne
Tomtit [17]

Answer: reciprocity

                       

Explanation: In simple words, reciprocity refers to the agreement in which two parties exchange goods or services in such a way that both of them will gain benefit from such agreement.

In business it can achieved in many ways, for example by combining the efforts and resources or by providing each other some service in exchange for service from the other side.

In the given case, Jason made a deal with dodge to provide service to him in exchange for service by him. Hence we can conclude that the given case depicts reciprocity.

4 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
Alika [10]

Answer:

its to easy

Explanation:

i know it

7 0
3 years ago
WHAT IS OPERANT CONDITIONG
finlep [7]
Operant conditioning is a type of associative learning process through which the strength of a behavior is modified by reinforcement or punishment. It is also a procedure that is used to bring about such learning.
4 0
3 years ago
Read 2 more answers
Assume that you are working for a manufacturing company in the United States that hopes to sell its products throughout the worl
Nostrana [21]

The correct matches are the following.

1. Increasing the number of products your company exports from the United States to Canada without tariffs that could hurt profits. = e) NAFTA.

2. Resolving an issue that involves rules of trade that are impacting your business as you try to increase distribution to several markets in Africa. = b) World Trade Organization.

3. Selling your products to an expanding middle class of consumers in Guatemala. = d) DR-CAFTA

4. Problems selling to Japanese consumers due to the instability of the exchange rate between American and Japanese currencies. c) International Monetary Fund.

5. Allowing your manufacturing plant in Spain to quickly reduce barriers in its efforts to market and sell products in France. = a) European Union.

Knowing these organizations and their main functions will help you to understand foreign trade, its characteristics in a b¿globalizaed world, and the peculiarities according to each region. Every trade agreement has its details and you want to become an expert in the region you choose to maximize your sales and profits.

That is why many countries associate in trade agreements, as is the case of NAFTA, the North America Free Trade Agreement signed by Mäxico, the United States, and Canada, now turned into USMCA, the United States, México, and Canada Agreement.

8 0
3 years ago
Which of the following is an example of a price floor​? A. Safeway charges​ $1 more than Fred Meyer charges for a 5 pound bag of
Snowcat [4.5K]

Answer:

C. The government guarantees that potato farmers will receive at least​ $50 a ton.

Explanation:

Price floor is implemented by the government or a group where price control is imposed or limit is placed on how low a price a product can be sold.

For price floor to be effective it must be higher than the equillibrum price.

Equillibrum price is the price at which quantity consumers are willing to pay for is equal to quantity suppliers re willing to sell.

Price floors are usually used to keep commodity prices from going too low.

So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.

4 0
3 years ago
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