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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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Explanation:

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What rule is important to remember when evaluating risk and return? The higher the risk, the higher the potential return. The hi
andrew-mc [135]

Answer: The higher the risk, the higher the return.

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If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs
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Explanation:

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= 65,600 + 30,900 + 22,600 + 47,800 + 28,700 + 33,300

= $228,900

6 0
3 years ago
Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibriu
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Asking all job candidates questions from the same interview schedule in the same way is an example of ________.
madreJ [45]

Complete Question:

Asking all job candidates questions from the same interview schedule in the same way is an example of ________.

Group of answer choices

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C) reliability

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Answer:

D) Standardization.

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Asking all job candidates questions from the same interview schedule in the same way is an example of standardization.

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