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skad [1K]
3 years ago
9

Jessica is considering putting $50 into a money market account that pays a 4 percent annual interest rate. It will take year(s)

for the money to double to $100.
Business
1 answer:
Basile [38]3 years ago
3 0

Answer:

18 years

Explanation:

We can apply the future value formula as below

A = P x ( 1 + r) ^ n

where A is the amount: $100

P= principal amount : $50

r=4% or 0.04

n = ??

Therefore

$100 = $50 x ( 1+ 0.04)^n

$100 = $50( 1.04)^n

1.04^n =$100/$50

1.04^n= 2

n =log 2/ log 1.04

n=0.30102999/0.0170333

n=17.67 years

=18 years

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Gemiola [76]

Answer:

The correct answer is "Closing entries"

Explanation:

Closing entries, commonly named as closing journal entries, are records produced at the close of an accounting period to transform in 0 "zero" all temporary accounts. Usually is the balance is transferred to permanent accounts. It is used to close the temporary accounts and reset the balance every end of period.

8 0
3 years ago
The capital budgeting method that takes into account both the size of the original investment and the discounted cash flows is t
VladimirAG [237]

Answer:

Option D (profitability index) is the correct choice.

Explanation:

Options aren't mentioned in the issue above. Please find the full query attachment here.  

Capital budgeting seems to be the mechanism whereby the creditors assess the value of a future investment project. This corresponds to something like the timeframe by which the planned project can produce adequate income to regain the original investment.

<u>The 3 most prevalent frameworks to contractor choosing are given below:</u>

  • Payback period.
  • Net present value.
  • Internal rate of return.

Some other choices have no relation with the specified scenario. So that the option here is just the appropriate ones.

8 0
3 years ago
An opportunity cost is​ ________. A. the benefit gained by choosing a certain course of action B. costs that have been incurred
Oliga [24]

Answer: Option (D)

Explanation:

Opportunity costs are known to present the benefits that an individual misses while they opt for an alternative over the another one. When an individual chooses an option from the alternatives, then the opportunity cost is referred to as the cost that has incurred by not appreciating the benefit which are confederated with the known alternative choice.

8 0
3 years ago
A coupon bond that pays interest of 4% annually has a par value of $1,000, matures in 5 years, and is selling today at $785. The
olganol [36]

Answer:

9.62%.

Explanation:

Set the values of the bond on the financial calculator as follows :

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FV = $1,000

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3 0
3 years ago
If education creates external benefits, a. actual market outcomes provide less than the efficient quantity of education. b. actu
777dan777 [17]

Answer:

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Explanation:

In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.

Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.

4 0
3 years ago
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