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sukhopar [10]
3 years ago
13

There is a rule of thumb which can be used as an approximation called the Rule of 72 to find interest or period of time, given t

he other quantity, and it is given as ni=72.If $1 is invested for 10 years, what compound rate is necessary for the money to double?
Business
1 answer:
hoa [83]3 years ago
6 0

Answer:

i=7.2%

Explanation:

Giving the following information:

There is a rule of thumb which can be used as an approximation called the Rule of 72 to find interest or period, given the other quantity, and it is given as ni=72

We have $1 for 10 years. We will assume that it needs to duplicate in 10 years.

Years to double= 72/interest rate

10=72/i

i=72/10= 7.2

Control:

FV= 1*(1.072^10)= 2

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Delvig [45]

Hey!

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Answer:

(D) A cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things.

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Why?

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4 0
4 years ago
A detailed numbering system developed by the United States, Canada, and Mexico to classify North American business establishment
Sergeu [11.5K]

Answer:

It is True

Explanation:

NAKES system is unique among the classifications of economic activities because it was developed based on a conceptual framework (that of production function or production process) that guided its construction as much as possible. In it, activities that have similar production functions are classified in the same category and those that have different production are accommodated in different ones.

It was developed following this unique principle, which allows groupings to be created systematically, always under the same logic, which helps to avoid controversies and interpretation errors.

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4 0
3 years ago
During the year, Hamlet Inc. paid $ 26,000 to have bond certificates printed and engraved, paid $ 110,000 in legal fees, paid $
baherus [9]

Answer:

$388,000

Explanation:

Data provided

Bond certificates printed = $26,000

Legal fees paid = $110,000

CPA registration = $12,000

Underwriter commission = $240,000

The calculation of amount of bond issue costs is shown below:-

Total Bond issue costs = Bond certificates printed + Legal fees paid + CPA registration + Underwriter commission

= $26,000 + $110,000 + $12,000 + $240,000

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8 0
3 years ago
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Answer:

See answer below

Explanation:

Journal entry will be as follows.

Debit Cash Account $60,000

Credit Payables/Service Prepayment Account $60,000.

As service is being rendered on a monthly basis (monthly income = \frac{60,000}{6}  = 10,000), the company will make the following journal entry.

Debit Payables/Service Prepayment Account $10,000

Credit Revenue $10,000.

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Answer:

Because of their data. it improves their experience.

Explanation:

8 0
3 years ago
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