It will take 10.29 years to double a $100 investment when interest rates are 7 percent per year.
Investment definition is an asset obtained or invested in to build wealth and keep money from the difficult earned earnings or appreciation. funding meaning is mainly to reap an extra source of earnings or advantage take advantage of the funding over a selected period of time.
Making an investment is an effective manner to put your cash to work and doubtlessly construct wealth. smart investing might also allow your money to outpace inflation and increase in price. The greater boom capacity of making an investment is primarily due to the energy of compounding and the hazard-return tradeoff.
In the most straightforward sense, making an investment works while you buy an asset at a low fee and promote it at a higher fee. This form of go back on your investment is known as a capital advantage. incomes returns by using selling assets for a profit—or knowing your capital profits—is one way to make cash investing.
N = 72 / 7
≈ 10.29 years
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The lender is bearing the risk on defaulting the loan
Answer:
$56,703
Explanation:
P=R(1-(1+i)^-n/i
Where P=500,000
R=?
i=10%
n=15
500,000=R(1-(1+.1)^-15/.1
R=500,000/7.61
R=$56,703
One is required in Oklahoma City, so I would strongly recommend having one.
Answer:
B. only the traditional format of the income statement.
Explanation:
There is only one format under US GAAP, that is the traditional format, the variable costing format or the contribution margin format are all concepts of cost accounting, and not of accounting.
As per US GAAP the books are prepared in traditional format income statement. No other format is followed for reporting and presenting the financial statements of the company.
Therefore, correct option is:
Option B