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Gnesinka [82]
3 years ago
11

New Savings Bank pays 4% interest on its deposits. If you deposit $1,000 in the bank and leave it there, will it take more or le

ss than 25 years for your money to double? You should be able to answer this without a calculator or interest rate tables. More than 25 years
Business
1 answer:
attashe74 [19]3 years ago
8 0

Explanation:

The cumulative increase in your portfolio for a 25 years is

4% annually * 25 years = 100% — if you received a basic profit (without composition).

The cash would then double.

Your capital would multiply more rapidly than it does with simple interest with compounding interest and would thus take less than 25 years to double.

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Up until this point, the owners have felt that creating a website was an unnecessary expense because you can't sell lattes onlin
Tems11 [23]

Marketing web Design CaffeGustoso to focus on providing information about its products and new locations to promote its offline sales.

Explanation:

Video Marketing  includes  the process of posting digital videos on social website  in order to promote a product or a service.

The only product that Caffe Gustoso has is the coffee so the suggestion will be to create a series of entertaining videos to increase the consumer engagement with coffee and to provide information related to its location with the motive to boost online sale.

Thus we can say that the initiative will be to -Marketing web Design Caff eGustoso to focus on providing information about its products and new locations to promote its offline sales.

6 0
3 years ago
Your son is born today and you want to make him a millionaire by the time he is 50 years old. You deposit $50,000 in an investme
mel-nik [20]

Answer:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

See explanation below.

Explanation:

We assume that we have compounding interest.

For this case we can use the future value formula given by:

FV= PV (1+\frac{i}{n})^{nt}

Where:

FV represent the future value desired = 1000000

PV= represent the present value = 50000

i = the interest rate that we desire to find in fraction

n = number of times that the interest rate is compounding in 1 year, since the rate is annual then n=1

t = represent the number of years= 50 years

So then we have everything in order to replace and we got:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

Now we can solve for the interest rate i like this:

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

7 0
3 years ago
based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was .
Harlamova29_29 [7]

based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

What is multinational enterprises?

A corporate entity that owns and manages the production of goods or services in at least one nation other than its own is referred to as a multinational firm. Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, etc. are a few instances of international corporations.

Therefore,

based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

To learn more about multinational enterprise from the given link:

brainly.com/question/494475

6 0
1 year ago
Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales.
Colt1911 [192]

Answer:

The number of units that would appear in June's production budget are 297000 units.

Explanation:

The production in June will contain 80% units that relates to June's budgeted sales and 20% units that relate to July's budgeted sales. Thus, the number of units that are to be produced in June are:

June's Production = 0.8 * 295000 + 0.2 * 305000 = 297000 units

Thus, in June, 297000 units will be produced.

3 0
3 years ago
Read 2 more answers
List at least five challenges to maintaining global competitiveness.
nlexa [21]
I know one of them is disruptive technologies, hope that one answer helps!!
5 0
3 years ago
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