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Aleonysh [2.5K]
3 years ago
9

An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do n

ot round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Rate %
Business
1 answer:
kykrilka [37]3 years ago
6 0

Answer:

9.05%

Explanation:

The formula that would be used to fund the interest rate =

[(FV / PV)^1/N ] - 1

FV / PV = Future value/ present value = 2 (The investment offers to double the investment)

M = 5 (30 months / 6 months )

(2 ^1/8) - 1 = 0.090508 = 9.05%

I hope my answer helps you

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I would say the answer is B

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carole earns $2.50 for each gadget she completes. what was her gross pay if she completed 145 gadgets last week? a. $362.50 b. $
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You were hired last year as the manager of accounts receivable for a medi-um sized company. In the following year, while sales o
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The statement that could be made to the company President is that:

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3 years ago
Pelder Products company manufactures two types of engineering diagnostic equipment used in The construction. in two products are
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Answer:

b. $ 264

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$6,000                   $5,000                 $3,000               $14.000

2 for X-rays            400                       8 for X-rays    

1 for ultrasound      600                       7 for ultrasound

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production costs per unit = $26,400 / 100 units = $264

3 0
4 years ago
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