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
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.

You might be interested in
With respect to the 4ps and marketing research which technique is out of place:_______
Over [174]

Answer:

d

Explanation:

The four P's of marketing are the foundation for which marketing stands on.

They include :

product - this is the good that is being marketed

price - what consumer pays for the good

place - this is where the good is being marketed

promotion - this are the various forms of advertising carried out for the good

8 0
3 years ago
Western Company is preparing a cash budget for June. The company has $12,000 in cash at the beginning of June and anticipates $3
Leto [7]

Answer:

b. Borrow $2,500

Explanation:

Preliminary balance = $12,000 + 30,000 - $34,500 = $7,500

Amount to borrow = Minimum cash balance - Preliminary balance = $10,000 - $75,000 = $2,500

Therefore, to maintain the $10,000 required balance, during June the company must $2,500.

8 0
3 years ago
List the four stages of ability developement
vova2212 [387]
-Sensorimotor. Birth through ages 18-24 months.
-Preoperational. Toddlerhood (18-24 months) through early childhood (age 7)
-Concrete operational. Ages 7 to 11.
-Formal operational. Adolescence through adulthood.
8 0
3 years ago
Read 2 more answers
The development of money as a medium of exchange has facilitated the expansion of trade because
kap26 [50]
<span>Money is more easily portable than other things, even gold and silver. Bringing animals or salt to barter takes up a lot of space, whereas money just takes up the amount of space that a piece of paper does. Money is better than bartering for the facilitation of long distance trade for this reason.</span>
4 0
3 years ago
Which of the following guidelines about maintaining a network is false? a. Participate in career fairs b. Use business cards whe
S_A_V [24]

I believe the answer is: end network relationships after you find a job

If you end network relationships after you find a job, you would be automatically considered as rude and that person would no longer contact you in case there is a better opportunity in the future.

Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.

4 0
3 years ago
Read 2 more answers
Other questions:
  • What does apartheid mean and what country in africa practiced it?
    12·1 answer
  • Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs $2.00 pe
    5·1 answer
  • The value of what businesses provide to other businesses is captured in the final products at the end of the __________ chain. s
    15·1 answer
  • Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but
    15·1 answer
  • What is a support unit
    10·1 answer
  • Which trait do MOST employers look for when hiring new employees?
    9·1 answer
  • A random sample of records of sales of homes from February 15 to April 30, 1993, from the files maintained by the Albuquerque Bo
    7·1 answer
  • What is the width of the product mix?
    15·1 answer
  • Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will b
    11·1 answer
  • Keeping an open mind and seeing potential good in others are behaviors considered in this element of dialogue
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!