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kifflom [539]
2 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]2 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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Answer: A. maximizes the profits from money management.

Explanation:

The optimal average level of money is indeed the amount that maximises profit from money management.

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With Mr Peabody's income and other financial constraints, the optimal average level of money will be the most he can maximise from managing his money.

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2 years ago
At the beginning of Year 1, a company reported a balance in common stock of $169,000 and a balance in retained earnings of $69,0
elixir [45]

Answer:

Explanation:

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The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

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Decision Point: Considering Alternatives Because of your inexperience, you don't know how many alternatives should be considered
Ber [7]

Answer:

The answer is stated below:

Explanation:

Select a limited number of alternatives to consider: For example, considering the top 3 alternative suppliers.

Then generate or create a list of as many as possible of alternative suppliers.

Rely on the gut in order to make a decision regarding the right number of alternatives when you feel the time is right.

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3 years ago
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dusya [7]

Answer:

the monthly payment is $910.18

Explanation:

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=PMT(RATE;NPER;PV;FV:TYPE)

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