Answer:
a. Length of time<u> 13.42 years
</u>
b. Length of time <u>26.84 years</u>
Explanation:
a) Time to double the money:
=NPER(5.3%,0,-100,200)
=13.42 years
b) Time to quadruple the money:
=NPER(5.3%,0,-100,400)
=26.84
Answer:
The correct answer is: Commercial banks.
Explanation:
Commercial banks are financial institutions that accept deposits, offer checking account services, make business, personal, and mortgage loans and offer basic financial products such as Certificates of Deposit (CD) or savings accounts to a private individual and small businesses facilitating transactions between them.
Answer:
The correct answer is: Dichotomous
Explanation:
A dichotomy is the division into two parts of a thing, or failing that, it is a set or system that is subject to bipartition, and that generally oppose each other.
In traditional logic, dichotomy is the breakdown or fractionation of a generic concept into one of its specific concepts and its denial. The concept also refers to the law that states that no proposition can be true and false at the same time.
Answer:
Promotion
Explanation:
Promotion is a marketing tool or function that aims at communicating the various aspects of a product, thereby, generating interest in them to purchase the product.
Sweepstakes are a type of marketing promotional tool adopted by organizations. Customers are asked to register their names in some contest that promises prizes for winners. A lucky draw is carried out to identify the winner at the end of the contest. This may or may or require the customer to purchase the organization's product.
Answer:
$3,083,333.33
Explanation:
Weighted average accumulated expenditures = ($2,500,000*6/12) + ($5,500,000*4/12)
Weighted average accumulated expenditures = $1,250,000 + $1,833,333.33
Weighted average accumulated expenditures = $3,083,333.33
So, the amount of weighted average accumulated expenditures is $3,083,333.33.