Answer:
The answer is 16 years.
Explanation:
The formula for calculating the value of an investment that is compounded annually is given by:
Where:
is the number of years the investment is compounded,
is the annual interest rate,
is the principal investment.
We know the following:
And we want to clear the value <em>n</em> from the equation.
The problem can be resolved as follows.
<u>First step:</u> divide each member of the equation by 
:
<u>Second step:</u> apply logarithms to both members of the equation:
<u>Third step:</u> apply the logarithmic property 
in the second member of the equation:
Fourth step: divide both members of the equation by 
We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.
Answer:
The correct answer is A. Both Laura and Cassie are correct.
Explanation:
Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:
700 x 1.06 = 742
700 x 1.03 ^ 2 = 742.63
Therefore, both Laura and Cassie are correct in their claims.
Answer:
The correct answer is letter "B": a line item within income from continuing operations.
Explanation:
Unusual items are those not inherent in the operations of a business. Examples of unusual in character items are plant shutdown costs, costs from acquiring other businesses, or losses due to ti natural disasters. Unusual items according to the Generally Accepted Accounting Principles (GAAP) must appear in the income statement. Though, they appear in separate lines like items to give a better idea of the transactions a company incurs given a period.
Thus, <em>losses incurred as an unusual character will have to be registered in the income statement in the operating income section.</em>
Answer:
B: Become more charitable
Explanation:
Helping others has been proven scientifically to produce better results in humans in all dimensions of their lives.
