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
miskamm [114]
3 years ago
10

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.)
Business
2 answers:
Step2247 [10]3 years ago
6 0

Answer:

14.86% every 6 months

Explanation:

Let the original amount be a

An investment offers to double your money in 30 months i.e. 2a in 30 months

Fv = Pv (1 + x)ⁿ

Fv future value (i.e. future value of the cash flow after a particular time period. )

Pv Present value

x interest

n number of compounding period

Fv = Pv (1 + x)ⁿ

2a = a (1 + x)^(30/6)

2^(1/5)= 1 + x

1.1486 = 1 + x

x = 0.1486 0r 14.86%

kondaur [170]3 years ago
3 0

Answer:

The rate of change in 6 months is 14.87%

Explanation:

Let a be the amount that the money is multiplied in one month. We know that in 30 months it is multiplied by 2, so if we power a by 30 wew obtain 2:

a³⁰ = 2

Thus, 2 = a³⁰ = a⁶*⁵ = (a⁶)⁵

(here we use the propiety a^bc = (a^b)^c = (a^c)^b)

We can conclude that a⁶ = 2^(1/5) = 1.1487

The rate in 6 months is (1.1487-1)*100 = 14.87%

You might be interested in
Money obtained through various types of loans is called:
Elden [556K]

Borrowed money obtained through loans of various types is called debt capital. capital is a loan made to a company that is normally repaid at some future date. Debt capital is the loan that a business raises by taking out a loan. 

4 0
3 years ago
Which of the following is true regarding positive organizational scholarship? a. It involves monitoring negative practices in or
Harrizon [31]

Answer:

Letter D is correct. It studies how organizations develop human strengths, foster vitality, and unlock potential

Explanation:

Positive Organizational Scholarship is a way for an organization to motivate and stimulate the capabilities of its employees. It is a way of identifying the strengths and weaknesses of each employee and encouraging them to improve their skills and developing new skills that will help them to succeed. joint result of the company.

5 0
2 years ago
What kind of risks can exist in a business?
andriy [413]
So many! Failing is the main one and losing everything
7 0
3 years ago
Read 2 more answers
On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared
Alik [6]

Answer and Explanation:

The Journal entry is shown below:-

March 17

Stock Dividend Dr, $84,750 (113,000 × 5% × $15)

     To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)

     To Paid in capital in excess of Par - Common Stock $28,250

(Being stock dividend is recorded)

Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock

6 0
3 years ago
Scarlet Corporation, the parent corporation, has a basis of $600,000 in the stock of Brown Corporation, a subsidiary in which Sc
Anon25 [30]

Answer:

$950,000

Explanation:

As per IRS section 332, in the case when the parent company received a property when the complete liquidation of subsidiary company is done so the receipts of such property would not recorded either any loss or gain. Also the basis of the parent company assets would be carry over basis.

So here the basis would be $950,000

The same is to be considered

3 0
3 years ago
Other questions:
  • Roosevelt Corporation has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expecte
    15·1 answer
  • Industries is calculating its Cost of Goods Manufactured at​ year-end. Sharpland's accounting records show the​ following:
    7·1 answer
  • Nicole knows her restaurant is understaffed today. She is hoping to get through the day without falling below her customers' ___
    6·1 answer
  • The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re
    14·1 answer
  • Beth is a retired teacher who lives in dallas and does some consulting work for extra cash. at a wage of $40 per hour, she is wi
    8·1 answer
  • A firm is reviewing an investment opportunity that requires an initial cash outlay of $336,875 and promises to return the follow
    15·1 answer
  • The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the
    11·1 answer
  • Which of the following is NOT one the responsibilities of the the Federal Reserve
    11·2 answers
  • Use the adjusted trial balance for Stockton Company to answer the question that follows.
    9·1 answer
  • Jason works part-time at a grocery store after school. Jason has worked at the store for two years but still hasn't received a w
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!