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3 years ago

7

how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year c

ompound annualy

1 answer:

IgorLugansk [536]3 years ago

7 0

Answer:

19 years

Explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

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2 years ago

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

Mariulka [41]

Answer:

<u>GOMEZ CORPORATION </u>

<u>Comparative Income Statements</u>

<u> For Years Ended December 31</u>

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3 years ago

A U.S.-owned car factory in Mexico produces $5 million of cars. $2.5 million of these cars are sold in Mexico and the other $2.5

Dahasolnce [82]

Answer:

The amounted contributed to U.S.GDP is $2 million

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First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.

On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m

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3 years ago