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
denis-greek [22]
3 years ago
8

The Rule of 72 is: a. A tool to determine the number of years until retirement for an employee b. Used to estimate how fast pric

es will double using a given annual inflation rate c. The legal code for requiring companies to provide a match on retirement savings d. Used to calculate interest rates for savings
Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

b. Used to estimate how fast prices will double using a given annual inflation rate

Explanation:

Rule of 72 is a fast statistical method to determine how long an investment will double given annual interest rate.

Simply divide 72 by the annual interest rate.

Alternatively it can be used to calculated annual rate of return required to double investment.

Alternatively it can be used to calculate annual rate of return required to double an investment.

For example if $1,000 is to be doubled in 5 years.

Years to double= 72/ Interest

Interest= 72/5= 14.4%

You might be interested in
Ten rational numbers between 4 and - 4​
mote1985 [20]
3, 3.5, -2, 3.7, -1, 0, 2, -3, -2.7, -1.34
6 0
3 years ago
Helping others who need help on the job is important, regardless of the cost to me.
ella [17]

Answer:

yes because on day u might need help and they are gonna help you back go good job

Explanation:

3 0
3 years ago
Consumer protections related to the Internet and telecommunications and direct-mail fraud are covered under the Financial Practi
Elden [556K]
False, it is not protected
4 0
3 years ago
How do individuals benefit from having health insurance? Why is health insurance likely to become a bigger and more complex issu
SVEN [57.7K]

Answer: Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Explanation:

Health insurance could be described as insurance that covers the health bills of individuals when they are sick or have an accident.

Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Health insurance would likely be a problem in the future due to the cost. Health bills can be very expensive, especially when it involves illness that require lots of operations or much bills to pay. This has made organizations begin to withdraw the benefits of health insurance for their staff.

5 0
3 years ago
Samantha has a bakery that has been successfully run for over a year, and it’s growing in popularity. If she planned to use her
Ksenya-84 [330]

Answer:

NOT might lose customers because of a lack of innovation

NOT might not be able to attract essential new investors

Explanation:

Since in the question it is mentioned that Samantha who has a bakery is sucessfully run for a year and it is popular also. At the same time she planned for using her profits in order to cover up the similar cost that had done in the last year

So based on this, the risk she has taking is that she not want to lose his customers as there is an innovation lacking also she is not capable to attract the new investors

Therefore the same is to be considered

8 0
3 years ago
Other questions:
  • What is an attorney’s secondary attempt to exclude a juror?
    6·2 answers
  • Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
    14·1 answer
  • The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%
    5·1 answer
  • How can technology interfere with good study habits? Students can use technology to search for answers to challenging questions.
    14·1 answer
  • The method used to share an idea with an audience is called what? 6 points
    11·1 answer
  • All else equal, an increase in savings will cause capital stock to:
    6·1 answer
  • Maria usually sleeps until 8 am, but tomorrow she needs to be at work at 6 am. She should probably _____.
    13·2 answers
  • Theo quan điểm hiện đại khi tiếp cận chi phí chất lượng, chi phí chất lượng thấp nhất là khi
    15·1 answer
  • "Eva Stone's home in Chicago was recently gutted in a fire. Her living and dining rooms were destroyed completely, and the damag
    10·1 answer
  • Steve's Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!