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Andrews [41]
2 years ago
5

How long would it take to double your investment if you invest $2,000 at 7.5% compounded quarterly?

Business
1 answer:
Flura [38]2 years ago
5 0

Answer:

c. Between 9 and 10 years

Explanation:

The computation of the time period is shown below:

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

$4,000 = $2,000 × (1 + 7.5% ÷4)^time period ×2

After solving this

The time period is

= 9.3283

Hence, it lies between the 9 and 10 years

Therefore the correct option is c.

And all other options are wrong.

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I think it’s d but not sure
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The equilibrium price and quantity of a good are found where the supply and demand curves intersect.
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4 0
2 years ago
A good group decision-making approach when the objective is to make sure that every person’s idea is heard is:
Dimas [21]

Answer:

Nominal group technique which is sometimes denoted as NGT is type of decision making approach that first step include identification of problems and then resolve them.

Explanation:

Nominal group technique which is sometimes denoted as NGT is type of decision making approach that first step include identification of problems and then resolve them.

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3 years ago
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tamaranim1 [39]

Answer:

(B) idea generation

Explanation:

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8 0
2 years ago
Sigma is thinking about purchasing a new clam digger for $14,000. The expected net cash flows resulting from the digger are $9,0
AlekseyPX

Answer:

Yes, it should be purchased

Explanation:

The computation is shown below;

Net present value = $9,000 ÷ 1.12 + $7,000 ÷ 1.12^2 + $5,000 ÷ 1.12^3 + $3,000 ÷ 1.12^4 - $14,000

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