1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alekssandra [29.7K]
3 years ago
6

According to an old myth, native americans sold the island of manhattan about 400 years ago for $24. if they had invested this a

mount at an interest rate of 7 percent per year, approximately how much would they have had today? $3.6 billion $13.6 trillion $2,030 $10,272
Business
1 answer:
Leya [2.2K]3 years ago
7 0

Answer:

The correct choice from given options is <u>"$13.6 trillion".</u>

Explanation:

Native Americans sold the island of Manhattan about 400 years ago for $24

n = number of years = 400

Amount spent on island = $24

Interest rate of invested amount = 7 percent per year

r = 7% = 0.07

cost today  = ?

By using the formula;

Cost today= (1+r)ⁿ x Amount spent on island

= (1+0.07)⁴⁰⁰ x $24

<u>= $13.6 trillion</u>

<u></u>

You might be interested in
What type of stores rely on their large size and very deep selection to try to dominate the market?
andrew-mc [135]
Power retailers are the stores that rely on their large size and very deep selection to try to dominate the market. 
Specialty stores are small, so you can eliminate that option immediately. Department stores are usually found within another store, so that's not correct too. Discounters don't have a very deep selection, they usually sell a lot of various things. Anchor stores are found within malls, so that's incorrect too. 
8 0
3 years ago
Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but
Nata [24]

Answer:

merge law and equity

Explanation:

In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.

However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.

In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.

If this does not work he can use the law to compel them to comply.

7 0
2 years ago
Which of the following is the primary reason firms use competitive marketing​ intelligence? A. To assess and respond to a​ compe
Margarita [4]

Answer: Option B

Explanation: Competitive intelligence refers to the study of different factors of the business environment by the organisation for helping the senior management to make strategic decision making.

This study analyzes the factors that directly affects the organisation. The channel of distribution of the competitor can be used to understand their strategy for making their market. An organisation could use this information by improving their channel and gaining a competitive advantage.

Hence from the above we can conclude that the correct option is B

8 0
3 years ago
Which of the following terms is not part of RIASEC? realistic (Doers) investigative (Thinkers) authoritative (Can do Attitude) s
Aleks04 [339]
<h2>Answer </h2>

Option 3 - Authoritative(can do attitude).

<u>Explanation</u>

RIASEC is the Holland codes which refer to a theory about careers and vocational choice that was initially developed by an American psychologist named John L. Holland. There are six personalities in this theory which include practical, investigative, creative, cultural, ambitious and traditional only. There is no space of authoritative because there is no negativity in this theory as one person has the power, control or influence and make decisions. This can also be misused by many people which is why it is not included in this theory.

8 0
2 years ago
Your analyst team has received a request for system development that focuses on moving the current system into a new operating e
LenaWriter [7]

The key source of the development requests likely to be generated to  Information system managers. Therefore the correct option is (D).

<h3>What is Information System Management? </h3>

The Information system of Management refers to the management of the data, facts, figures or information of the system in the computer by the organizations.

According to the above scenario, The system development team is focusing on the adopting the operating environment system which is adopted by the Information system managers

Therefore the correct option is (D).

Learn more about Information system managers here:

brainly.com/question/14688347

#SPJ1

8 0
1 year ago
Other questions:
  • Q 2.3: mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into
    6·1 answer
  • Jim wants to buy a car, but he'll probably need it for a couple of years. he has a short commute to work, so he won't be putting
    8·2 answers
  • On January 1, Year 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issue at face value. Th
    9·1 answer
  • The money supply, m, is the total value of all the cash and checking account balances in an economy. it is determined by the val
    5·1 answer
  • Stear Corp. Purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these
    9·1 answer
  • A program in which a person learns to do a certain job by working with a skilled worker ?
    7·2 answers
  • With good internal​ controls, the person who handles cash can also
    15·1 answer
  • Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a
    15·1 answer
  • Investment tax credits can increase investment, but stimulating investment is not a key to ending a recession. can increase inve
    13·1 answer
  • Which of the following is not something that will help you pay off credit card debt? a. Stop using your credit cards. B. Make ex
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!