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2 years ago

10

What interest rate (the nearest percent) must Charlie earn on a $362000 investment today so that he will have $1126000 after 10

years?

1 answer:

Papessa [141]2 years ago

3 0

Answer:

12%

Explanation:

A = P(1+r)^n

A (amount) = $1126000

P (principal) = $362000

n = 10 years

1126000 = 362000(1+r)^10

1126000/362000 = (1+r)^10

(1+r)^10 = 3.1

1+r = 3.1^0.1

1+r = 1.12

r = 1.12 - 1 = 0.12 = 12%

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1 year ago

Which of the following firms has a high-performance culture? a. Rexot Bron Inc., a start-up firm that neither focuses on achievi

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2 years ago

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3 years ago

While stocking the shelves with a new soup, the store manager notes a difference in price between the 16-ounce can and the 32-ou

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Answer:

The correct answer is: Cost-Plus Pricing Strategy.

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Secondly, in this case where the manager notices such a difference in the prices of the two cans is due to the fact that the manufacturer put less commodities and less effort in the can of 16-ounce rather than in the other can of 32-ounce where there is more soup and therefore there is more cost in that can, establishing that a higher price must put in that one.

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3 years ago

Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an

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Answer:

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Explanation:

From the given problem data, we have:

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Convert this equation 1 into standard normal variable, that is,

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( =NORSINV(0.95)) = 1.644853627

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2 years ago