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sattari [20]
2 years ago
6

True or false? the internal revenue code forbids nonprofit hospitals to make a profit.

Business
1 answer:
andrew11 [14]2 years ago
7 0
That is FALSE

hope i helped
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What do many economists blame for the severity of the great depression?
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________ is/are changes in products, services, or processes that radically change an industry's rules of the game.
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3 years ago
According to the​ "rule of​ 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp
slava [35]

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

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8 0
3 years ago
The Rule of 70 applies in any growth rate application. Let’s say you have $1000 in savings and you have three alternatives for i
AlekseyPX

Answer:

a. 7,000 years

b. 2,333 years

c. 875 years

Explanation:

Based on rule of 70, we can have the following formula to do the calculation:

Number of years to double = 70 ÷ Interest rate per year .................... (1)

We can now calculate as follows:

a. A savings account earning 1% interest per year.

Number of years to double = 70 ÷ 1% = 7,000 years

b. A U.S. Treasury bond mutual fund earning 3% interest per year.

Number of years to double = 70 ÷ 3% = 2,333 years

c. A stock market mutual fund earning 8% interest per year.

Number of years to double = 70 ÷ 8% = 875 years

Note:

It can be observed that the higher the interest rate, the lower the number of years it will take the investment to double.

3 0
2 years ago
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