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kifflom [539]
3 years ago
6

If an investment of $40,000 is earning an interest rate of 12.00%, compounded annually, then it will take 4.50 years for this in

vestment to reach a value of $66,610.22 ________ assuming that no additional deposits or withdrawals are made during this time.
Business
1 answer:
enot [183]3 years ago
8 0

Answer:

4.5 years

Explanation:

The computation of the number of years is shown below:-

Future value = Present value × (1 + interest rate)^n umber of years

$ 66,610.25 = $40,000 × (1 + 0.12)^n

$1.665256 = (1.12)^n

LN 1.665256 = n LN 1.12

0.509979 = n × 0.113329

n = 4.499

or

= 4.5 years

Therefore for computing the number of years we simply applied the above formula.

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scoray [572]

Answer:

- The state's constitution allows budgets to be passed with a simple majority vote in both the Assembly and the Senate.

- Taxes can only be cut with a two-thirds vote in the Assembly and the Senate.

Explanation:

California's legislative branch is composed of two main bodies, the State Assembly (similar to the House of Representatives) and the State Senate. The legislative branch has the power to enact state laws and make change to existing state laws.

The State Assembly has 80 members who serve for 2 years, while the State Senate has 40 members who serve for 4 years. .

6 0
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Answer:

A. Identifying and defining the problem

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Problem identification and defining is first approach to solving problems as it gives a clear picture of what and how the problem is,when it started and the possible threats it pose to the business entity.

When a manager wants to address a problem, he should first identify the problem,carry out steps that will help him or her to define what the problem is,through this he or she can be able to develop possible solutions.

4 0
3 years ago
___________ is the current strategy for many manufacturers where a company produces a large quantity of items but customizes the
givi [52]

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mass customization

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7 0
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anzhelika [568]

Answer:

The correct option is;

Loss of national monetary and exchange rate policy

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