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defon
3 years ago
6

Sue is 10 years old and would like to make a down payment on a vehicle when she is 16 years old. She currently has $2,000. What

rate of return must Sue receive for her investment to double by the time she is 16?

Business
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

The rate of return must be 12.25% per year

Explanation:

Find the calculation attached.  The aim is to increase the initial capital taking into acount that for each year the capital will be increased by the interest paid . Therefore the capital + interest paid will be the new balance from which the 12,25% will be applied again for the next 6 years.

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Please help!!! due tmrw!!!
Aleonysh [2.5K]
Yeah the game company would lower the price of the game.
8 0
3 years ago
A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p
sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

5 0
3 years ago
Would you prefer a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent? (assume a 28 per
blsea [12.9K]
<span>Prefer the 6.1 percent tax-exempt investment. Let's do the math and see why the tax-exempt investment is the better choice. For the 8.1% taxable investment, you get taxed at the rate of 28%. Which means that you only get to keep 100%-28% = 72% of your gains. So 0.72 * 8.1 = 5.832 which means your effective earning percentage is only 5.832% which is less than the 6.1% rate you get for the tax-exempt investment. Another consideration that wasn't taken into account for the question is the earnings on the taxable investment may push you up into a higher tax bracket. Which in turn increases the tax burden on your other investments. So the better choice here is the 6.1% tax-exempt investment even though that first glance the 8.1% investment looks higher.</span>
7 0
3 years ago
CrossCountry Trucking &amp; Transport enters into a contract with Discount Outlet Stores to load, transport, deliver, and unload
Mila [183]

Answer:

C) tender.

Explanation:

In contract law, a tender offer to perform is conditioned to the moment when the other party is willing and ready to perform as well. In this case, CrossCountry signed a contract, but the contract will be valid when the other party (Discount Outlet Stores) needs their services. If the other party does not require their services, CrossCountry is not able to perform nor demand performance.

6 0
3 years ago
Pls help!!!!
Crank
I won’t write the sentences for you however i can give you some ideas....
1. one of the most important even i think would be in 2007 when apple created the very first mobile internet (this could also apply to you too)
2. what u think will happen in the next 20 years is that we are going to move away from mobile devices and towards maybe a chip in your head or a sort of device something similar to VR
3 0
3 years ago
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