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
Aleks04 [339]
2 years ago
14

Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual

compound interest rate of 6%?
Business
1 answer:
Leviafan [203]2 years ago
5 0

Answer:

12 years

Explanation:

Given

t = \frac{72}{r}

Required

How long will interest rate of 6\% double

We have:

t = \frac{72}{r}

Substitute 6 for r

t = \frac{72}{6}

t = 12

You might be interested in
Which of these rights is not considered a right of privacy?
Nina [5.8K]
A. right to engage in polygamy.

i hope this helps
8 0
3 years ago
The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat
abruzzese [7]

Answer:

B and C

Explanation:

The correct statements about the factor-price equalization and the effects of transportation costs are:

  1. Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices.
  2. Transportation costs prevent product prices from equalizing.
6 0
3 years ago
Which employer pension plan has an individual account for each employee?
Cerrena [4.2K]
Defined contribution plan
5 0
3 years ago
Read 2 more answers
Management accounting primarily is concerned with providing:A) information to managers inside the organization as well as inform
Inga [223]

Answer:

The correct answer is C:  information to managers inside the organization

Explanation:

Management accounting is a part of accounting that regards the identification, measurement, analysis, and interpretation of accounting information to help managers in the decision-making process to efficiently manage a company’s operations. On the contrary of financial accounting, which is primarily concentrated on the correct organization and reporting of the company’s financial transactions to outsiders (e.g., investors, lenders), managerial accounting is focused on internal decision-making.

5 0
3 years ago
The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $20,000
Jlenok [28]

Answer:

c. $20,416.50

Explanation:

Cost of assets = 20,000

Depreciation year 1 = 33% * 20,000 = $6,666

Annual cost saving = 25,000

Tax rate = 25%

Operating cash flow Year 1 = Cost saving*(1 - tax) + Tax*Depreciation

Operating cash flow Year 1 = 25,000*(1-0.25) + 0.25*6,666

Operating cash flow Year 1 = 25,000*0.75 + 0.25*6,666

Operating cash flow Year 1 = 18750 + 1666.5

Operating cash flow Year 1 = $20,416.5

So, the cash-flow from the project in year 1 is $20,416.50

8 0
2 years ago
Other questions:
  • Your company has two​ divisions: One division sells software and the other division sells computers through a direct sales​ chan
    8·1 answer
  • Your discount brokerage firm charges $7.95 per stock trade. how much money do you need to buy 200 shares of pfizer, inc. (pfe),
    9·1 answer
  • Mary is 40 years old, plans to retire at 65 and the actuarial tables tell her she can expect to live until 80. The market value
    10·1 answer
  • Floor plan loan is a type of short-term loan to finance high priced inventory in which the purchased inventory is placed as coll
    7·1 answer
  • Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has
    14·1 answer
  • A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $ 30,000 in transportation
    5·1 answer
  • Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to bui
    12·1 answer
  • Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year wit
    5·2 answers
  • Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the bala
    12·1 answer
  • How to get power of attorney for someone who is incapacitated
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!