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yawa3891 [41]
3 years ago
8

Chuck has $2,500 invested in a bank that pays 4% annually. The length of time it will take for his funds to double is closest to

:
Business
1 answer:
Arada [10]3 years ago
7 0

Answer:

The answer is 17.67 years.

Explanation:

Present value is $2,500

Future value of the money to be double of the present value. This means the future value will be $5,000($2,500 x 2)

Interest rate is 4%

Number of years or periods to reach this $5,000 is unknown. So we are looking for this.

To compute this number of periods, lets use Financial calculator.

I/Y = 4; PV= -2,500; FV= 5,000; CPT N= 17.67 years.

Therefore, the number of years to accumulate to $5,000 is 17.67 years

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Suppose that the salary range for recent college graduates with a bachelor's degree in economics is $30,000 to $50,000, with 25
igor_vitrenko [27]

Answer:

The  Expected Earning for the college graduates is 40,000

Explanation:

The Expected Earning for a college alum with a four year college education in financial matters is determined as weighted normal all things considered, utilizing likelihood of every result as its weight.  

Although the Expected Earning is;  

Expected Earning = (25% × 30,000) + (50% × 40,000) + (25% × 50,000)  

Expected Earning = 0.25 × 30,000 + 0.5 × 40,000 + 0.25 × 50,000  

 Expected Earning = 7500 + 20,000 + 12,500

Expected Earning = 40,000

7 0
3 years ago
Zeus Industries sells satellite television systems. Recently, the company invested heavily in one of the many new technologies a
Elanso [62]

Answer: Filtering

Explanation:

Filtering in communication occurs when information passed on between two bodies is being reduced by the middlemen, where the middlemen are not able to communicate favourable with either party and it affects either of the party, it's called filtering. The inability for the salesperson's to communicate the technical knowledge of the product to the customers which they are being taught during trainings is known as filtering in communication. This causes the business loss as the customers are not able to operate the equipment effectively which the business sells.

6 0
2 years ago
Which of the following is the best example of a good debt strengthening your financial security?
musickatia [10]
There are many different types of "good debt" to have. Good debt with on time payments helps increase your credit score tremendously overtime because it shows lenders you can borrow money and pay it back on time. Paying your bills on time and sticking to your budget can contribute to payments paying off good debt. A mortgage is an example of good debt. 
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2 years ago
Read 2 more answers
Using an end-of-period spreadsheet, the flow of accounting information moves from the a.financial statements to the adjusted tri
ololo11 [35]

Answer:

C. adjusted trial balance to the financial statements.

Explanation:

The end-of-period spreadsheet can be regarded as accounting tools used in summarizing the movement of transactions that has been carried out throughout an accounting period. It is a tools that give representation of the end of the current accounting period.

permanent accounts that been found

the balance sheet, which are not not closed are been consisted by The post-closing trial balance.

It should be noted that Using an end-of-period spreadsheet, the flow of accounting information moves from the

adjusted trial balance to the financial statements.

3 0
2 years ago
A new ad for the shampoo brand Better Not Younger focuses on how its products make aging hair feel softer, which is the ________
Anvisha [2.4K]

Answer: product benefit

Explanation:

When advertising a particular product, the product benefit simply means the benefits that the consumers will enjoy when they bunch such products.

In this case, Better Not Younger focuses on how its products make aging hair feel softer, therefore thus is the product benefit as this is what the consumers will enjoy when they purchase it.

7 0
3 years ago
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