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
Naily [24]
2 years ago
11

Using the rule of 70, about how much would $100 be worth after 50 years if the interest rate were 7 percent?

Business
1 answer:
lions [1.4K]2 years ago
4 0

The rule of 70 states that the doubling time or the time required to double an investment is equivalent to 70 divided by the interest rate. So in this case the interest rate is 7%, so the doubling period is:

doubling period = 70 / 7 = 10 years

 

Therefore the investment doubles every 10 years. So:

0 year = $100

10 year = $200

20 year = $400

30 year = $800

40 year = $1600

50 year = $3200

 

Answer:

<span>$3200</span>

You might be interested in
Marla, a bookkeeper, would like to work at home in order to be with her young children. But before setting up her home-based boo
nadya68 [22]
The best thing that Marla should do in this type of problem is letter d, investigate the market. It is because in doing business especially to the field that she is going to take on, it is best to assess and evaluate the decision and the outcome of it. It is best to make sure if she could benefit from it and could be a potential as she runs the business.
3 0
3 years ago
Read 2 more answers
When marketers use a variety of communication disciplines-advertising, personal selling, sales promotion, public relations, dire
BARSIC [14]

<u>Answer:</u>

<em>It is referred to as </em><u><em>Integrated marketing communications  </em></u>

<u></u>

<u>Explanation:</u>

IMC speaks to the advancement P of the "four Ps". It envelops an assortment of correspondence disciplines publicizing, personal selling, deals advancement, advertising, direct showcasing, and web-based promoting, including web-based life in the mix to give transparency, consistency, and most extreme open effect.

IMC folds correspondences over clients and causes them to travel through the different phases of the purchasing procedure. The association combines its picture, builds up an exchange, and supports its association with customers.

3 0
2 years ago
You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of prob
Sphinxa [80]

Answer:

Pure project

Explanation:

A pure project management structure is one in which a team works full time on a project and the project manager of such project has full control of the project with very little control/interference from the top management levels.

This lesser interference from top management levels the more control and flexibility of the project managers towards accomplishing the project.

Cheers.

6 0
2 years ago
A Company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Sec
gogolik [260]

Answer: $65

Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.

So, in the given question the two units sold would be costing $80 and $95

Hence,

Gross profit = $240 - ($80 + $95)

                    = $65

3 0
2 years ago
Creditors are interested in the times interest earned ratio because they want to
Pavlova-9 [17]
Creditors are interested in the times interest earned ratio because they want to "<span>have adequate protection against a potential drop in earnings jeopardizing their interest payments".
</span>

The times interest earned ratio is also known as interest coverage ratio, which measures the capacity of an association to pay its obligation commitments. The proportion is generally utilized by banks to discover whether an debt borrower can bear to assume any extra obligation. It might be figured as either EBIT or EBITDA divided by the aggregate interest which is payable.
7 0
2 years ago
Other questions:
  • A consulting firm submitted a bid for a large research project. The firm's management initially felt that they had a 50-50 chanc
    7·1 answer
  • Tom is the quality control manager for the company XYZ. XYZ recently received some complaints about its product A's quality and
    12·1 answer
  • Wilson Company had the following cash balance items listed in its trial balance at 12/31/2021: Peterson Savings and Loan: $ 50,0
    11·1 answer
  • Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Chec
    15·1 answer
  • On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Concord had 207000
    5·1 answer
  • Which of the following is an example of an in-group/out-group dynamic: Select one: a. Organizations across a college campus come
    9·1 answer
  • Don and Debbie are buying a new car seat for their toddler, and they know that any car seat they find in a store meets specific
    9·1 answer
  • Which statement best represents the relationship between date of declaration, date of record and ex-dividend date, and date of p
    12·1 answer
  • hat type of company is required by the sarbanes-oxley act to have a code of ethics available to all employees?
    9·1 answer
  • A company's goal-directed plans regarding how to compete for advantage is known as the firm's ______.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!