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Andrews [41]
3 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]3 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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When trading with more developed countries, less developed countries have a comparative advantage in the production of all goods
stealth61 [152]

Answer:

less developed countries do not have a comparative advantage in the production of any goods or services.

Explanation:

Usually less developed countries do not have a full developed production

7 0
3 years ago
Adriana has borrowed $30,000 from her IRA in order to fund her startup costs. How long does she have to replace the money withou
nordsb [41]

Answer:

it is NOT 30 days

Explanation:

7 0
4 years ago
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As you read the business news, you come across an advertisement for a bond mutual fund – a fund that pools the investments fro
Alika [10]

Answer:

Follows are the solution to this question:

Explanation:

Follows are the two ways of describing its high return:

Firstly, the mutual fund is invested in pretty unstable debt and is reciprocating with greater yields for taking a risk.

Secondly, during every decrease in bond yields, the finance kept bonds so the income on stocks exceeded this same rate of interest significantly. Remember that bond costs skyrocket as interest rates drop as well as give the purchaser an investment income. Because once interest rates are now close to zero, it's also likely that they could increase as well as the owners would then lose their money. Its high return could be due to a drop in interest rates, and not only will it not be replicated, but the low or even low return will almost definitely be followed by either a rise in interest rates.

6 0
3 years ago
A Rhode Island company produces communion wafers for churches around the country and the world. The little company produces a lo
mariarad [96]

Answer: 28,800 wafers

Explanation:

Number of wafers held on average in cooling tube during production:

= Rate of production for one wafer * Time in cooling tube

= 48 seconds * (10 minutes * 60 secs)

= 48 * 600

= 28,800 wafers

5 0
3 years ago
What might be some areas you may consider developing or working on for professional success in a business workplace environment?
Dima020 [189]

<u>Answer:</u>

Laborers must feel good in the spaces they work in. Inability to give satisfactory working conditions makes pressure and lack of concern, which thus will <em>influence profitability and conduct.</em>

<u>Explanation:</u>

A sound working environment condition is perfect with regards to keeping up a positive result in a distressing climate.

A sound working environment condition improves efficiency and decreases costs identified with <em>non-appearance, turnover, laborers' remuneration, and restorative cases.</em>

3 0
3 years ago
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