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
lorasvet [3.4K]
3 years ago
7

If $240,000 is invested today and returns $432,000 in 10 years, what formula can be used to calculate the interest rate

Business
1 answer:
Vikki [24]3 years ago
6 0

Answer:

r = (FV/PV)^(1/n) – 1

and

Interest is 6.05 %

Explanation:

Interest is calculated as :

r = (FV/PV)^(1/n) – 1

Thus,

The formula that can be used to calculate the interest rate is

r = ($432,000/$240,000)^(1/10) – 1

  = 6.05 %

You might be interested in
Best hashtags use for dancing
sp2606 [1]

Answer:

i'm assuming you're referring to hashtags to be posted on social media.

#dancer

#dancing

#dance

#music

#songs

#contemporary

#hip-hop

#classical

Explanation:

6 0
3 years ago
A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the ap
Tcecarenko [31]

Based on the information provided:

Gross income is $486,000

Fixed expenses: $300,000

Variable expenses: $150,000

To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.

7 0
4 years ago
WILL GIVE BRAINLIEST.
Black_prince [1.1K]

Answer:

A. Return on Investment

6 0
3 years ago
Read 2 more answers
Mitchell's money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50
MissTica

Answer:

1 unit of X must be sacrifised to gain a unit of Y, with satisfying Budget Constraint .

Explanation:

Budget Line shows the product combinations that a consumer can buy with given prices & money income (spending all) . Equation : P1X1 + P2X2 = M

Price ratio slope of the budget line i.e = P1/P2 : shows the amount of a good needed to be sacrifised to gain a unit of the other good , given prices & income.

So, Price Ratio : PX / PY = 2 / 2 = 1 in this case; implies 1 unit of Good X is needed to be sacrifised to gain a unit of good Y with given prices & income.

4 0
3 years ago
Blogging has brought southern nights nursery a step in the right direction toward building relationships with its customers. the
balandron [24]
Customer-managed relationship (CMR) was practised in the company as an extension of customer relationship management. In order for the customers to have the ability in acquiring information with regards to ordering products from a specific company online, corporations uses this methodology for the matter.
8 0
3 years ago
Other questions:
  • Following is information from Pinto Corporation for 2017. Total 2017 revenue $1,033,290 Total revenue growth rate 4% Terminal re
    13·1 answer
  • Select the correct answer. Why is investing important in an economy?
    6·2 answers
  • Consider a multifactor model with two factors. A well-diversified portfolio (Portfolio P) has a beta of 0.75 on factor 1 and a b
    5·2 answers
  • Time preference is: a. the purchase of new capital goods. b. a sophisticated IOU that documents who owes how much and when payme
    5·2 answers
  • Scott defines "minority owned" in his study of businesses in Northeastern City as being those businesses that are currently owne
    15·1 answer
  • Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the follo
    6·1 answer
  • Hamza tells the insurance company that his building is equipped with a sprinkler system and that a guard is on duty inside the p
    5·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    13·1 answer
  • Who will win the fight tomorrow jake paul or ben askren <br> winner gets brainlest
    6·2 answers
  • Letterheads _____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!