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
SVEN [57.7K]
2 years ago
15

You have invested $1,000 in an account that promises APY of 3 percent per year. Assuming you leave the original investment and a

ll earned interest in the account, and ignoring taxes, how long will it take to double your money?
Business
1 answer:
ioda2 years ago
4 0

Answer: The answer is<u> 24 years.</u>

<u />

Explanation: For this exercise we can use the rule of 72, this rule is by which investors can estimate how many years it will take for an initial investment to double. If you know the rate of return, you can know the time needed and if you know the time, you can calculate approximately the rate of return.

RULE OF 72 = APY% x NUMBER OF YEARS = 72

If we apply the formula it results =

3 × n = 72

n = \frac{72}{3}

<u>n = 24.</u>

You might be interested in
Which of the following is true about the correlation between salary and job satisfaction? a. Financial perks and benefits always
Sindrei [870]
Can you dm me for the answer I’m not home rn I’m trying to help out a lot of people
4 0
3 years ago
Read 2 more answers
Read the sentence.
sasho [114]

Answer:

The words aren't bolded, so it is difficult to know what kind of phrase and it is difficult to help you.

Explanation:

4 0
2 years ago
Marcie works as a salesperson for a major cosmetics manufacturer. She typically begins by approaching potential customers with v
Sphinxa [80]

Answer:

door in the face sales technique

Explanation:

The door in the face (DITF) sales technique is used when the salesperson purposely makes a large request knowing that it will be rejected, and then following the sales approach by offering a much smaller request that is more reasonable and easily accepted.

For example, you want your parents to buy you a new motorcycle. Instead of asking your parents for a new motorcycle, you ask them to buy you a car. You know that they will probably reject the idea of giving you a car, but after they reject your initial proposal, you ask them to at least buy you a motorcycle. That will seem to be a much more reasonable request.

6 0
2 years ago
Which of the following best describes retained earnings? Select one: Shows in and out flows of cash from the company during a pe
jarptica [38.1K]

The option that best describes retained earnings is records level of reinvested profits.

<h3>What is retained earnings?</h3>

Retained earnings is the amount of a company's earnings that is not paid out to shareholders as dividends or used to pay debtors. It is the amount of money that can be reinvested into the business.

To learn more about retained earnings, please check: brainly.com/question/14529006

#SPJ1

6 0
2 years ago
1. Starbucks has become a phenomenon worldwide, with more than 24,000 stores in more than 60 countries. Sales are great even at
AfilCa [17]

Answer:

Following are the solution to this question:

Explanation:

In point 1:

Starbucks is becoming a worldwide premium brand or popularity symbol for its premium pricing, good quality, as well as the most preferred selection of items. It is a symbol of the West's lifestyle and success. Income activity throughout the developing economies has also been rapid, and a new group of loyal consumers is emerging that values that western lifestyle or accomplishment. They would like to show their achievements and profit from their riches, so this creates a substantial demand for luxury high-end brands like star bucks. That is why Star Bucks were beginning and growing in much less and emerging countries.

In point 2:

It is important to note, that it creates a market on its own, in which it can only cater to specific consumers, which is why so many nations are attempting on just this market. It may lead Starbucks the enter the market and also in particular. If you see the case of foreign nations when Starbucks wasn't an opera.

In point 3:

It would not adjust its company strategy, I wouldn't believe it. An ambitious CEO, Schultz helps Starbucks to expand from 11 stores to over 28,000 in 77 countries, during Schultz's leadership. It found the perfect middle of taking different tactics and enabling local forces to form their brand while maintaining one's key business principles.

Its business is achieved in its strategy of global expansion and international revenue growth. We assume that only the current leader will be moving along its route and concentrating on adjusting to regional target audiences. Specific goals, market research, competitive analytics, selective market entry strategies, funding needs, and strategic growth were two key elements of international marketing strategy.

From its growth rate viewpoint, it's indeed clear that Schultz's management was conscious of all of those variables but implemented these properly. UnderSchultz's leadership, that company's inventory has risen 21,000 % since its initial public offering in 1992. Before changing its strategy, the new leadership will consider all these elements.

7 0
2 years ago
Other questions:
  • Danielle has asked some closed-ended questions to start an interview; then some open-ended questions. Now she wants to really wa
    5·1 answer
  • PLEASE HELP. Choose from one of the five (5) workplace skills listed below. Then explain why an employer might be more willing t
    6·1 answer
  • When you compose a presentation, you need to guide your audience through your story in the correct order. Using (blank) helps to
    6·1 answer
  • The Stagnant Growth Corporation has paid a constant dividend of $2.50 per year for the past 3 years and is expected to continue
    15·1 answer
  • Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there
    7·1 answer
  • Conducting research about an occupation, company, or job can increase your employability.
    10·1 answer
  • Which of the following would cause a leftward shift of the supply curve for computers? A. an increase in the price of printed ci
    8·1 answer
  • Which step minimizes project risks?
    15·2 answers
  • 2. What are the importance of vocation and business?​
    9·1 answer
  • Kaye Blanchard is 50 years old. She has $66000 of adjusted gross income and 15,200 of qualified medical expenses. She will be it
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!