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IrinaVladis [17]
3 years ago
10

The economy has an annual inflation rate of 3.5%. it will take approximately how many years for the price level to double?

Business
1 answer:
EleoNora [17]3 years ago
8 0
To find the answer you will want to follow the rule of 70. The rule of 70 allows you to find the number of years it takes a variable to double.

In this situation, you would divide 70 by 3.5% (variable) giving you 20 years.

It would take approx. 20 years for the price level to double. 
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Data analysis involves creating new ways of modeling and understanding the unknown by using raw data.  

Working with data to extract relevant information that may be used to guide decisions is known as data analysis.

   What is data analysis?

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8 0
2 years ago
Basel lll mainly focuses on _.​
icang [17]
To strengthen requirements from basel ll on the bank’s minimum capitol ratios.
8 0
3 years ago
If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from thei
sveticcg [70]

It is True that if a beneficiary is enrolled in a Medicare Advantage plan and they also sign up for a pdp plan, they will be automatically dropped from their Medicare Advantage (ma) plan.

<h3>Medicare Advantage (MA)</h3>

A Medicare Advantage plan is a type of health plan proposed by a private company that leases with Medicare to provide you with all your Medicare Parts A and B benefits. MA plans contain health maintenance organizations, selected provider organizations, personal fee-for-service plans, and Special Needs Plans.

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6 0
1 year ago
g The $1,000 face value bonds of Trident Corporation have coupon of 5.5 percent and pay interest semiannually. Currently, the bo
Maslowich

Answer:

The answer is 5.73%

Explanation:

Given Coupon rate=5.5%; Years of maturity= 12years, Face value bonds= $1,000, Price=98.2

NPER= Years of maturity *2= 12*2=24

PMT= (Face value * coupon rate)/2= (1000*5.5)/2= 5500/2= 2.75

Therefore:

Rate = (NPER, PMT, -Price, Face value)= (24, 2.75, -98.2, 1000)= 2.87%

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6 0
3 years ago
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Margaret [11]

Answer:

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8 0
3 years ago
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