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irinina [24]
2 years ago
10

Current Attempt in Progress Incorrect answer icon Your answer is incorrect. Carla Willis will invest $34,700 today. She needs $1

73,500 in 14 years. Click here to view factor tables What annual interest rate must she earn
Business
1 answer:
Nitella [24]2 years ago
4 0

Answer:

12.18%

Explanation:

Present value = $34,700

Future Value = $173,500

Time (n) = 14 years

Interest Rate = i

Future Value = Present Value * (1+i)^n

$173,500 = $34,700 * (1 + i)^14

(1 + i)^14 = $173,500/$34,700

(1 + i)^14 = 5

1 + i = 5^(1/14)

1 + i = 1.1218284

i = 1.1218284 - 1

i = 0.1218284

i = 12.18%

So, the annual interest rate she must earn is 12.18%.

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  • Advertising is a means of making a product known the the general market population.
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Answer:

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Explanation:

A fraud is an action that is contrary to truth and righteousness. Fraud is committed to the detriment of another person or organization and is punishable by law.

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Suppose that the adult population in the town of Springfield is 225 million. If 40 million are unemployed and 100 million are em
amid [387]

Answer:

a) 29%

Explanation:

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where,

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The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will ju
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