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Alexandra [31]
3 years ago
7

You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead

of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?
a. $8
b. $32
c. $4
d. $16
Business
1 answer:
igor_vitrenko [27]3 years ago
6 0

Answer:

The correct answer is D: $16

Explanation:

The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double.

Number of Years to Double= 70/Annual Rate of Return

In this exercise= 70/2= 35 years

Every 35 years the investment duplicates.

35 years= $2

70 years= $4

105 years= $8

140 years= $16

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The previous graph you constructed should show that net exports from Japan would be negative if the price of yen increased to a
lubasha [3.4K]

Answer:

0.1 yen per dollar?  if i got it wrong sorry

Explanation:

Since 10 divided by 1000 would be 0.1 yen wait is it the other way around?

4 0
2 years ago
Research and planning skills involve
kolezko [41]

Answer:

D.Being punctual, managing time and enforcing polices.

3 0
3 years ago
Based on his investment advisor's guidance, Christopher sold two stocks during 2020. The capital gain on the sale of Magnificent
Mamont248 [21]

Answer:

The question is incomplete since we are not told if the capital gain is a short or long term gain. So I will answer the question in both possible scenarios.

Short term capital gains:

They are taxed as ordinary income, so the net gain = $35,000 - $7,000 = $28,000

Net gain after taxes = $28,000 x (1 - 53.31%) = $13,073.20

Long term capital gains:

They are taxed at a much lower rate that ranges from 0 to 20%. In this case, Christopher is probably taxed at 20%.

Net gain after taxes = $28,000 x (1 - 20%) = $22,400

Explanation:

6 0
3 years ago
PLEASE HELP ASAP
34kurt

one could be food im not really



7 0
3 years ago
Webster Corporation's budgeted sales for February are $318,000. Webster pays sales representatives a commission of 5% of sales d
Natali5045456 [20]

Answer:

The aggregate budgeted selling expense for the month of February amounts to $20,900

Explanation:

Selling expense budget is the plan which estimate the selling expense which happen in that period or year or month. It is related to the marketing as well as selling the product to customers. And involve advertising expense, commission, delivery cost and signs.

The aggregate budgeted selling expense for the month of February is computed as:

Aggregate budgeted selling expense = Commission + Monthly Salary of Sales manager + Advertising expense

where

Commission is as:

Commission = Sales × 5%

= $318,000 × 5%

= $15,900

Monthly Salary of Sales manager is $3,700

Advertising expense is $1,300

So,

Aggregate budgeted selling expense = $15,900 + $3,700 + $1,300

Aggregate budgeted selling expense = $20,900

8 0
3 years ago
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