The _________ of forecasting is a process of gaining consensus from a group of experts

Manuel Rios wishes to determine how long it will take an initial deposit of $13 comma 000 to double. a. If Manuel earns 9% ann

Lorico [155]

Answer:

See Below

Explanation:

This is a problem of compound interest. The formula is:

$F=P(1+r)^t$

Where

F is the future value

P is the present value

r is the rate of interest

t is the time in years

P = 13,000

To double his money, that means, F = 26,000

a)

Now, r = 9% = 0.09, so time it takes:

$F=P(1+r)^t\\26,000=13,000(1+0.09)^t\\2=1.09^{t}\\t=\frac{Ln(2)}{Ln(1.09)}\\t=8.04$

So, its gonna take about 8.04 years to double

b)

Similarly, here we just use r = 0.06, so the calculation is:

$F=P(1+r)^t\\2=1.06^t\\t=11.9$

So, its gonna take about 11.9 years to double

c)

Here, the r is 11% or 0.11

So, the time it will take:

$F=P(1+r)^t\\2 = 1.11^t\\t=6.6$

So, it is going to take about 6.6 years to double

d)

The amount of time it takes to double his money decreases as the interest rate increases and the time increases as interest rate decreases.

8 0

2 years ago

5. Almost 30% of drivers between the ages of 15 and 20 who were killed in a motor vehicle crashes had been drinking. A. True B.

Vladimir [108]

I believe the answer is true

4 0

3 years ago

The trial balance for Swifty Corporation appears as follows:

Shkiper50 [21]

Answer:

Explanation:

The adjusting entry for supplies is shown below:

Supplies expense A/c Dr $115

To supplies A/c $115

(Being adjusted entry recorded)

The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to

= Supplies balance - supplies on hand

= $148 - $33

= $115

8 0

3 years ago

A turnkey project includes Multiple Choice government investment. construction up to but not including actual production. direct

Tema [17]

A turnkey project includes construction up to but not including actual production. Option B. This is further explained below.

<h3>What is construction?</h3>

Generally, construction is simply defined as the process of erecting a building.

In conclusion, The building process, but not the manufacturing itself, is included in a turnkey project.

Read more about construction

brainly.com/question/8606089

#SPJ1

3 0

2 years ago

Warby Parker, an online retailer for prescription eyewear, offers a free, try-on at home program for its customers. Customers br

VikaD [51]

Answer:

e. trialability

Explanation:

Trialability is the ability to give an idea, process, product, or system a trial before making a final decision.

It indicates the degree to which a product or innovation can be experimented by the customer before they finally buy.

Warby Parker has leveraged on this strategy by allowing customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging

7 0

2 years ago

The​ _________ of forecasting is a process of gaining consensus from a group of experts

The _________ of forecasting is a process of gaining consensus from a group of experts