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Lerok [7]
3 years ago
14

Nancy would like to double the money in her retirement account in five years. According to the rule of 70, what rate of interest

would she need to earn to attain her objective?
Business
1 answer:
frutty [35]3 years ago
5 0

Answer:

70/annual percentage

70/5=14

Explanation:

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What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?
Anna71 [15]

Answer:

It is an Eletronic Payment Method

Explanation:

An automatic deposit is a payment processing option where funds are deposited directly into the recipients' bank account. It is an electronic service applied in paychecks, tax refunds, and pensions. Individuals can set up such a service with their banks or employers.

As a saving strategy, an employee instructs the employer to make automatic payments to their savings account. The employee will decide the amount they want to save. The amount is deducted from their pay and send to their savings account. Business people can also instruct their bank to deduct a certain amount from the business account and send it to their savings account.

This strategy is suitable for saving because it's efficient. The amount meant for savings will not be available for other purposes. The automatic deposit system ensures the amount intended for saving is saved.

5 0
3 years ago
Convincing colleagues and friends to donate at or near the maximum amount of $2,700 to an individual candidate and then deliveri
adoni [48]

Delivering all the check all together is a classic example of Bundling. It is a marketing strategy that joins products or services together in order to sell them as a single combined unit this allows the convenient purchase of several products and/or services from one company. The services and products are practically related, but they can also be of dissimilar products which appeal to one group of customers.

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4 0
3 years ago
What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to matu
Troyanec [42]

Answer:

$544.265

Explanation:

Given:

FV = $1,000

Yield to maturity = 5.2%

N = 12 years

Required:

Find the value of the zero coupon bond.

Use the formula:

PV = FV * PVIF(I/Y, N)

Thus,

PV = 1000 * PVIF(5.2%, 12)

= 1000 * 0.544265

= $544.265

The value of the zero coupon bond is $544.3

7 0
3 years ago
​​​When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to c
viktelen [127]

Answer:

Organic

Explanation:

​​​When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to changing customer tastes and preferences, which requires a more organic design.

In a dynamic and uncertain environment a mechanistic design will be inapplicable but organic

An organic organization is best applied to businesses that apply a more open business structure which is needed in order to quickly respond to the dynamics (changes) and uncertainty in the business environment. The structure gives the organization the flexibility to deal with fast-paced environmental change and many different elements.

3 0
3 years ago
According to Adam Smith, why do people work hard?
MrRa [10]

Answer:

Money

Explanation:

they need money because to live in a house get a car,food etec

5 0
3 years ago
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