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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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The principle of the question is false to my own knowledge from my great great grandpa.
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How many people are in the USA?
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Read 2 more answers
Show all your steps and reasoning.
Sindrei [870]

Answer:

The following are the solution to the given question:

Explanation:

In option a:

The Mandovi's absolute benefit in this issue is that so many ratios are produced and transform because less power is spent than Ducennia (50 -100 compounds to 150 -200).

In option b:

\left\begin{array}{ccc} \text{ O.C}&\text{Per.Ratid}&\text{Per Tauron} \\\text{Mandovia}&\text{0.5\ Tauron}&2 \ Rotid\\\text{Ducennia}&\text{ 0.75\ Tauron}& 1.33 \ Rotid \end{array}\right

In option c:

\left \begin{array}{cccc}1& \text Rotids  \ ou tput} &\text  Taurous \  ou tput}\\ \text{Mandovia }& 10 \ M&5 M\\\text{Ducennia}& 6.7 \ M&5 M \\\text{Total}& 16.7 \ M&10 M\end{array}\right

There are a total of 1 billion labours are available for the equally divided for 0.5 billion and 0.5 billion  for both and the Rotiods is\frac{0.5}{50} = 0.01 \ \ billion

and for taurous = \frac{0.5}{100}-0.005\ \ billion.

5 0
3 years ago
Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $31,000 and variable exp
Artist 52 [7]

Answer:

a.$75,508

Explanation:

Newham Corporation

Break Even Sales = Fixed Expenses/ 1- (Variable Expenses/ Sales)

We combined the Break Even Sales by adding the sales of the two products and the variable expenses of the two products.

Break Even Sales =$46,060/1-($10,780+$18,470/$31,000+ $44,000)

Break Even Sales =$46,060/1-(29250/75,000)

Break Even Sales =$46,060/ 1-0.39

Break Even Sales =$46,060/ 0.61

Break Even Sales = $75,508.19

6 0
3 years ago
Intermediaries add costs to products, but they also add such as convenience and assortment. t or f
svlad2 [7]

True, intermediaries add costs to products, but they also add such as convenience and assortment.

<h3>What are financial intermediaries ?</h3>

In every financial transaction, financial intermediaries operate as a middleman between two parties. A good illustration would be a bank, which performs a variety of functions, including acting as a go-between for lenders and borrowers and gathering cash for investments.

Banks and other financial intermediaries make it possible for capital to pass hands in a particular transaction. Typically, both the customer and the business pay a price for this. Physical storage and shipment require a lot of resources and time, adding to the transaction's expenses.

Hence, True is an appropriate response.

To learn more about financial intermediaries

brainly.com/question/1537763

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6 0
1 year ago
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