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Yanka [14]
3 years ago
11

On January 1, 1980 Moses deposit $1850 into a savings account paying 5.6% interest compounded quarterly if he hasn’t made any ad

ditional deposits are with drawl since then and if the interest rate has stayed the same and what year did his balance hit 3700 according to the rule of 72
Business
2 answers:
Svetradugi [14.3K]3 years ago
5 0

Answer:

1992

Explanation:

Give a <3 ?

artcher [175]3 years ago
4 0

Answer: 12.86 years.

Explanation: Rule of 72 says that to know in how many years the amount can double can be done by using the interest rate. The rule of 72 says that 72 divided by the annual interest rate will give the number of years it will take to double the amount.

Rule of 72:

Rate of interest = 5.60%/4

Number of years to double the investment = 72 ÷ 1.4

Number of years to double the investment = 51.43/4 = 12.86 years

Therefore, it will take 12.86 years for the $1850 to get double to $3700.

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An organization's culture can be changed when managers pay attention to which <u>stories</u> are used as narratives to symbolize the organization's vision and values to employees.

<h3>Who is a manager?</h3>

A manager refers to an individual who is saddled with the responsibility of providing support, guidance, administrative control, supervision, as well as acting as a role model (example) to the employees working in an organization especially by being morally upright and promoting the organization's culture, vison, and values at all times.

This ultimately implies that, an organization's culture can be changed when managers pay attention to which <u>stories</u> are used as narratives to symbolize the organization's vision and values to employees.

Read more on managers here: brainly.com/question/24553900

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2 years ago
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Olegator [25]
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KengaRu [80]

Answer:

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Answer:

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