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
gayaneshka [121]
3 years ago
9

Allison invested $23,000 in an account paying an interest rate of 6.7% compounded annually. Assuming no deposits or withdrawals

are made, how long would it take, to the nearest year, for the value of the account to reach $76,300
Business
1 answer:
Vadim26 [7]3 years ago
8 0

Answer:

18 years

Explanation:

Given that;

P= $23,000

A= $76,300

r= 6.7%

From

A = P(1 + r/100)^n

76,300 = 23,000 (1 + 0.067)^n

3.3 = (1.067)^n

Taking logarithm of both sides

log 3.3 = log (1.067)^n

log 3.3 = nlog(1.067)

n= log 3.3/log 1.067

n= 0.5185/0.0282

n= 18 years ( to the nearest year)

You might be interested in
Before you confirm the backpack shape selection, let's make sure you're reading the backpack shape information properly. Which o
Novosadov [1.4K]

<u>Teardrop Rucksack</u> has the highest production cost.

Production fees refer to all of the direct and oblique fees businesses face from production a product or offering a carrier. Manufacturing expenses can consist of a selection of costs, including exertions, raw substances, consumable manufacturing materials, and general overhead.

It includes 3 most important costs: uncooked substances, direct labor, and overhead. Those charges can be fixed (maximum overhead) or variable (uncooked substances and hard work). The whole product value formula is general Product price = fee of raw substances + price of Direct exertions + price of Overhead.

Blanketed inside the production fee are (1) the fee of uncooked materials, (2) the fee of direct labor, and (3) the cost of overhead. Raw substances and hard work costs are frequently variable, even as the overhead expenses are in the main fixed.

Learn more about production cost here:- brainly.com/question/13738783

#SPJ4

4 0
1 year ago
Which of the following statements is true of franchisors?
denpristay [2]

Answer:

3. Franchisors may suffer a loss of control over how their technology and brand names are used.

Explanation:

If the brand name/reputation is tarnished somewhere, it affects every franchisor

7 0
3 years ago
Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a
AleksandrR [38]
$7165.25 hope this help =]
3 0
3 years ago
Read 2 more answers
if you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the
katen-ka-za [31]

If you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the subject of a survey.

In human research, a survey is a list of questions designed to extract specific data from a specific group of people. Surveys can be conducted by phone, email, internet, street corner or shopping mall.

A survey is a research method used to collect data from predefined groups of respondents in order to gain information and insight on various topics of interest. They have multiple purposes and researchers can implement them in different ways depending on the chosen methodology and research objectives.

Research can be divided into her two broad categories: questionnaires and interviews. A questionnaire is typically a paper-and-pencil tool filled out by respondents. Interviews are filled out by interviewers based on information provided by respondents.

Learn more about survey brainly.com/question/14610641

#SPJ4

7 0
1 year ago
When Bonita put together a research report for her company, what would she have included in the references section?
Lerok [7]

In a typical research report, the items that are included in the references section are:

  • author
  • date
  • title
  • source.

<h3>What is the purpose of references in research report?</h3>

Generally, a reference is the way of giving credit to the writers from whom you have borrowed words and ideas, so, by citing the work of a particular scholar, you acknowledge and respect the intellectual property rights of that researcher.

As an academic, we  can draw on any of the millions of ideas, insights and arguments published by other writers, many of whom have spent years researching and writing. All we need to do is acknowledge their contribution to your assignment.

So, by referencing, this allows you to acknowledge the contribution of other writers and researchers in your work. All of the university assignments that draw on the ideas, words or research of other writers must contain citations.

Read more about references

brainly.com/question/28261265

#SPJ1

3 0
1 year ago
Other questions:
  • A debit card is also know a(n)________
    15·1 answer
  • Of the people described below, who would be counted as unemployed? (multiple select)
    5·1 answer
  • An investment that you bought for ____
    7·1 answer
  • Prince Paper has budgeted the following amounts for its next fiscal​ year: Total fixed expenses $ 900 comma 000 Selling price pe
    7·1 answer
  • Suppose that Rihanna sells​ 1,000 tickets to a concerts at​ $480 each. If the equilibrium price is​ $600 per ticket for a fixed
    8·1 answer
  • You are hired as a strategic analyst for a Fortune 500 company. Your first task is to develop a competitive intelligence report
    9·1 answer
  • Dahlia Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are p
    12·1 answer
  • Consequences of migration on the receiving country​
    13·1 answer
  • Different classes of stocks are usually issued in order to Group of answer choices maintain ownership control, by holding the cl
    13·1 answer
  • Which training method would be most effective for training employees about ethical dilemmas and ethical decision making?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!