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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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The number of dependents that people are choosing to have is ?
joja [24]

Current demographic trends show that the number of dependents that people choose to have is <u>Decreasing</u>.

<h3>What is the trend in dependants?</h3>

A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.

The top reasons for this include more education and increased economic hardship.

Find out more on trends in population growth at brainly.com/question/521129.

#SPJ1

5 0
2 years ago
Jenae is able to purchase a different brand of coffee for half the price from a new supplier. She anticipated that her co-worker
mr_godi [17]

Answer:

blinded

Explanation:

Since in the question it is mentioned that Jenae is able to acquire the different kind of coffee brand in half price and she knows that the coworkers would be object regarding the same but at the time of taste test the coworkers rejected the new brand so this scenario represent that the taste test was not blinded as they didnt keep the participants of not awaring with regard the brand what they were taking

Therefore the above represent the answer

4 0
3 years ago
Which of the following is excluded from gross income? (Points : 5) Prizes Scholarships for tuition Hobby income Rental income Al
padilas [110]
Im going to say All of the above 
5 0
3 years ago
Ski resorts are interested in the mean age that children take their first ski and snowboard lessons. They need this information
Setler79 [48]

Answer:

The answer is B: The population is all of the children taking skiing or snowboarding lessons

Explanation:

The population of a group is usually a group having something in common. For a research study, the population is always a large collection of people with a feature. From the population, the sample is selected. For example, all patients with mental disorder in a hospital can be the population, while patient with schizophrenia would be the sample. Thus in the example above, the population is all of the children taking skiing or snowboarding lessons.

3 0
4 years ago
E15 3B (L0 1) (Stock Issued for Land) Twenty thousand shares reacquired by Sierra Land Inc. for $153 per share were exchanged fo
kodGreya [7K]

Answer and Explanation:

(a)

Dr Land ($176 X $20,000) $3,520,000

Cr Treasury Stock ($153 X $20,000) $3,060,000

Cr Paid-in Capital from Treasury Stock $460,000

b)

Cost of treasury stock might be used although , this is not a relevant measure of this economic event but it is a measure of a prior, unrelated event. Therefore the appraised value of the land is a reasonable alternative if based on appropriate fair value estimation techniques. However, it is an appraisal as opposed to a market-determined price. The trading price of the stock is probably the best measure of fair value in this type of transaction.

5 0
3 years ago
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