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
NeX [460]
3 years ago
14

If you can invest $200,000 at a 10.5% annual rate, compounded monthly, how long will it take to have $500,000? (Do not your inte

rmediate calculations. Round your final answer to the nearest whole month.)
Business
1 answer:
Naddika [18.5K]3 years ago
4 0

Answer:

Explanation:

Use Future value formula for the calculation of number of years

Future Value = Present value ( 1 + interest rate )^number of years

FV = PV ( 1 + r )^n

$500,000 = $200,000 ( 1 + 10.5% )^n

$500,000 / $200,000 = ( 1 + 0.105 )^n

2.5 = ( 1.105 )^n

log 2.5 = n log 1.105

n = log 2.5 / log 1.105

n = 9.1771

n = 9 years 2 months

You might be interested in
what does it mean to do a good job of managing human resources in, for instance, a hospital? What activities are involved, and f
Fynjy0 [20]

Answer: When workers are given the best working conditions a company can afford.

Explanation:

A good job is done in Human resource management in an organization when it has ensured that staff are given the best working conditions the company can afford. In a hospital for instance, where the staff population is mainly made up of nurses and doctors, an approach can be done to give the workers quality working conditions such as:

1.) Effective work shift, to avoid overstressing employees.

2.) Workers paid adequately and on time.

3.) Granting workers seasonal leaves for rest.

4 0
3 years ago
When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve
Hitman42 [59]

Answer:

a. inelastic

Explanation:

<em>As you can see in the image I added, the curve that is close to a vertical is the inelastic one.</em> Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
"Suppose the government guarantees the price of carbon. At this price, the payoff after 1 year is $120,190 for sure. What is the
In-s [12.5K]

Answer: a. U.S. Treasuries with 1 year to maturity

Explanation:

The Government guaranteed the price of the carbon and the payoff is to be one year later.

The opportunity cost will therefore be a similar Government security to the payoff term of the carbon sale which is 1 year.

The Government security with a similar payoff term is the US Treasury bill with 1 year left till maturity and this will be the opportunity cost because instead of the Government issuing and paying out that security they will instead pay for the carbon.

4 0
3 years ago
What characteristic is somewhat shared by perfect competition and
kakasveta [241]

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

8 0
3 years ago
Which of the following questions are addressed by financial managers? I. How should a product be marketed? II. Should customers
alexandr402 [8]

Answer:

3 is the correct answer, financial managers are in charge of all of the companies finances

Explanation:

4 0
3 years ago
Other questions:
  • Victoria is creating a brochure for her photography studio. She designed the layout and placed a photo in the center of the page
    8·1 answer
  • E&amp;J Auto Body Shop estimated overhead cost for the coming year will be $15,000 and 5,000 direct labor hours will be worked.
    7·1 answer
  • White Lion Homebuilders has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2.03 at t
    10·1 answer
  • Why shouldn’t a legal firm represent both parties in a lawsuit
    13·1 answer
  • Consider three bonds with 6.8% coupon rates, all making annual coupon payments and all selling at a face value of $1,000. The sh
    10·1 answer
  • Brand equity is the added value a brand name gives to a product beyond the functional benefits provided. This value has two dist
    12·1 answer
  • Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of Septembe
    10·1 answer
  • Explain why the bank has asked to see your business financial records?​
    7·1 answer
  • Explain why the sampling method stated in (1) is the most efficient<br> method.
    13·1 answer
  • A defect on a title that can be monetary or physical is called an ______. Unset starred question Agreement Appurtenance Encumbra
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!