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
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

You might be interested in
Which of these factors make it difficult for an employee to get a job offer?
salantis [7]

The factors are: Lack of experience, Economic depression,  Inappropriate comments or behaviour in the interview, Poor use of English language,and  low cognitive skills

In general, employers will hire an individual if they <em>believe </em> that the individual would provide more financial value compared to the amount of his/her salary. They would not necessarily higher you based on your academic performance because often times you would had to start learning everything related to the job again from the scratch.

7 0
3 years ago
What is the difference between a positive economic statement and a normative statement?
yaroslaw [1]

Answer:

e. A positive economic statement can be proved; a normative statement cannot.

Explanation:

A positive economic statement are objective statement that can be tested, amended or rejected by referring to available evidence.

this means in essence that a positive economic statement is prone to improvement when proven. it is not rigid

a normative statement is subjective that cannot be changed. it is rigid.

7 0
3 years ago
20.Assume that you just graduate and get a job. You will work for 40 years and save each year before you retire. During retireme
amid [387]

Answer:

How much money will you need to have at the moment you retire?

  • $1,287,858

How much money do you need to save every year before retirement?

  • $4,971.33

Explanation:

we have to first determine the amount of money you need to finance your retirement distributions:

using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)

PV = $100,000 x 12.87858 = $1,287,858

now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)

annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33

4 0
3 years ago
When you visit the executive assistant to request important changes to a spreadsheet, he is hard at work, e-mailing clients. The
valkas [14]

Answer:

he values your time

Explanation:

In this specific scenario, the executive assistant is expressing nonverbally that he values your time. This is expressed by him stopping what he was doing in order to pay attention to what you have to say to him when you enter the room. Since the work that he is doing (e-mailing clients) is incredibly important, the simple act of him stopping shows that your time is more important to him.

6 0
3 years ago
Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10,200.
zavuch27 [327]

Answer:  Debit Accounts Receivable -Valley Spa  of $10,438 Credit interest revenue $238, Credit Notes receivable $10,200

Explanation:

Interest  Revenue =  Principal x Rate X time

$10,200 x 14% x 60/ 360 ( Using 360 days in a year)

$238

Journal to record dishonored note  for Tubman

Accounts titles and explanation           Debit         Credit

Accounts receivable                         $10, 438  

Interest revenue                                                                $238

Notes receivable                                                    $10,200

8 0
3 years ago
Other questions:
  • Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 94,000 jet skis. Finished goods inventor
    12·1 answer
  • Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f
    6·1 answer
  • Sometimes it is better to leave a task and come back later if you do not feel like doing it at the time
    5·1 answer
  • Net income for the year for Tanizaki, Inc. was $750,000, but the statement of cash flows reports that net cash provided by opera
    9·1 answer
  • When we compare the salaries of the worst-paid members of a corporation with the salary of the ceo, what sort of measure of pove
    14·2 answers
  • TCost-908 Car Mechanic Inc. uses a job-order costing system. The company applies all of its overhead costs to jobs using a prede
    12·1 answer
  • The Customer is asking for a forecast for when a specific Feature will be available. Where could Product Management find this in
    10·1 answer
  • Merone Company allocates materials handling cost to the company's two products using the below data:Modular Homes Prefab Barns T
    5·1 answer
  • When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,00
    6·1 answer
  • Which would be an example of a change in culture due to conflict?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!