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solmaris [256]
3 years ago
5

You invest $180 in a mutual fund today that pays 6.80 percent interest annually. How long will it take to double your money? (If

you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to 0 decimal place, e.g. 545)
Business
1 answer:
madreJ [45]3 years ago
3 0

Answer:

It will take 10 years and 197 days.

Explanation:

Giving the following information:

You invest $180 in a mutual fund today that pays 6.80 percent interest annually.

To calculate the time required to double the money, we need to use the following formula:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(360/180)] / ln(1.068)

n= 10.54

To be more accurate:

0.54*365= 197

It will take 10 years and 197 days.

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Sunny Day Manufacturing Company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2
seropon [69]

Answer:

Alpha Moose Transporters's retained earnings breakpoint is B. $1,655,556

Explanation:

Addition to retained earnings = $745,000

Weight of equity = 45%

Retained earnings breakeven = $745,000 / 45%

= $1,655,556.

Retained earnings breakeven is $1,655,556.

7 0
3 years ago
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Suppose you are interested in studying whether scent affects spatial reasoning abilities. You decide to test spatial reasoning u
Brilliant_brown [7]

Answer: 1. c. There are no differences in the mean completion times among the scents compared

2. Scent; Completion Time

Explanation:

The Null Hypothesis of a research is that hypothesis which you aim to disprove because it holds that no significant relationship between the variables being researched exists.

In this scenario you are studying whether scent affects spatial reasoning abilities.

The Null Hypothesis will.be that which states that there is no relationship between scent and spartial reasoning therefore there will be no differences in the mean completion times among the scents compared.

The factor of interest is the variable that is being changed to examine a difference making it the SCENT in this scenario.

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6 0
3 years ago
All other things being equal, what is the best type of investment income?
Ivahew [28]

Answer and Explanation:

The best type of investment income that is earned is tax-exempt that depend upon the commission only also the income that is spent should be bigger for the recipient

And at the time of seeking advice, the fee only should be likely to offer an unbiased advice because no other extra financial gains should be advised for an investment made except this professional fee

While the other options are ignored as they contain some interest regarding a commission for advising to their clients

8 0
3 years ago
Television is a popular advertising medium among companies selling products and services that are consumed by mass markets becau
Natasha2012 [34]

Answer:

It has the ability to reach large audiences in a relatively cost-efficient manner.

Explanation:

Television is one of the medium used for advertising products by the sellers or the distributors or the suppliers. It is one of the mass media of advertising a product or service covering a large number of people at a particular time.

Since a cost incurred on an advertisement is just once in a few years moreover the same digital advertisement can be shown to a large or mass number of people at the same time thus proving that advertisement through television is cost effective or efficient as well.

4 0
3 years ago
An increase in nominal GDP Group of answer choices is both per capita and absolute real economic growth. is per capita real econ
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Answer:

does not necessarily mean either absolute or per capita real economic growth.

Explanation:

Nominal GDP can increase due to high inflation, and that is not real growth since the purchasing power of individuals, businesses and the government doesn't grow. Real GDP growth would mean absolute economic growth.

The GDP per capita measures the GDP divided by the total population of a country, so the nominal GDP or real GDP could grow, but if that growth is less than the population's growth, then the nominal and real GDP per capita will still decrease.

7 0
3 years ago
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