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olga2289 [7]
3 years ago
6

How many years are required for an investment to double in value if it is appreciating at the rate of 9​% compounded​ continuous

ly?
Business
1 answer:
Vesna [10]3 years ago
7 0

Answer:

time required is 7.70 years

Explanation:

given data

interest rate = 9%

solution

we know with the compounded​ continuously rate r and time t amount is

A(t) = A(o) e^{rt}     .................1

and we have given amount is double so

A(t) = 2 A(o)

so from equation 1 put the value and we get here

2 A(o) = A(o) e^{rt}

ln(2) = 0.09 t

solve it we get time

time t = 7.70 years

so time required is 7.70 years

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elixir [45]

The document that he needs to complete his FAFSA application is D. None of the above.

FASFA Application is an acronym for The<u> Free Application for Federal Student Aid. </u>This is an application that is done that allows students to be considered for Federal student aid.

The documents that a student needs to complete his FAFSA application include one's security number, the <em>Federal Income tax returns</em>, and every other record of the money that the person has earned.

From the complete question, none of the above options are given, therefore, the correct option is None of the above.

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brainly.com/question/24962716

7 0
2 years ago
The local government removes a tax on the production of beer in Riverside in an effort to stimulate the economy. At the same tim
Norma-Jean [14]

Answer:

Equilibrium quantity will increase; Equilibrium price is ambiguous.

Explanation:

If the government removes a tax on the production of beer then as a result the producers of beer will increase their production level and this will increase the supply of beer in an economy. Therefore, there is a rightward shift in the supply curve of beer.

Simultaneously, the students are ready to party in the new quarter which indicates that the demand for beer increases. This will shift the demand curve for beer rightwards.

As a result of these shift in the demand curve and in the supply curve of beer, the equilibrium quantity of beer increases and the effect on equilibrium price of beer is ambiguous because that will be dependent upon the magnitude of the shift in the demand and supply curve.

3 0
3 years ago
The parameters of a waiting line system include all of the following except: a. service time.b. cost of capacity.c. queue discip
natka813 [3]

Answer:

b. cost of capacity

Explanation:

A waiting line system can be defined as the number of customers (people) or items (products) that are waiting to receive a service or cleared for the service taken i.e to successfully complete a transaction.

Hence, the parameters of a waiting line system include all of the following;

a. Service time: this is simply the total time it takes to complete a transaction process successfully.

b. Queue discipline: it is uses rules such as first-in first-out.

c. Arrival rates: the time each customer arrives for the service.

7 0
3 years ago
Sales $ 2,000,000 100 % $ 500,000 100 % $ 2,500,000 100 % Variable expenses 800,000 40 % 250,000 50 % 1,050,000 42 % Contributio
Sonja [21]

Answer:

$1.5 million

Explanation:

The computation of break even sales in dollars is shown below:

= (Fixed expenses) ÷ (profit volume ratio)

where,  

Contribution margin  = Sales  - Variable expense

= $2,500,000 - 1,050,000

= $1,450,000

And, Profit volume ratio = (Contribution) ÷ (sales) × 100

So, the Profit volume ratio = ($1,450,000) ÷ ( $2,500,000) × 100 = 58%

And, the fixed expenses is $870,000  

Now put these values to the above formula  

So, the value would equal to  

= ($870,000) ÷ (58%)  

= $1.5 million

3 0
3 years ago
. Dolores used to work as a high school teacher for $40,000 per year but quit in order to start her own catering business. To bu
VladimirAG [237]

Answer:

The correct option is B

Explanation:

In order to compute the profit, the accountant consider the Explicit cost so,

Explicit Cost = Borrowed amount × Interest rate + Ingredients amount

                     = $30,000 ×  3% + $25,000

                     = $259,000

Where Revenue is $60,000

Profit = Revenue - Explicit Cost

        = $60,000 - $259,000

        = $34,100

Economic Profit is computed as:

Economic Profit = Total Profit - Implicit Cost

                          = $34,100 - $40,600

                          = - $6,500

where

Implicit Cost = Salary + Interest

                = $40,000 + ($20,000 × 3%)

                =  $40,000 + $600

                = $40,600

Therefore, Louis says profit is $34,100 and Greg says she lost $6,500

5 0
3 years ago
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