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
ankoles [38]
3 years ago
15

Kari would like to make a down payment on a house. She currently has $7000. What interest rate must Kari receive for her investm

ent to double in 7 years?
Business
1 answer:
Step2247 [10]3 years ago
5 0

Answer:

10.29%

Explanation:

Rule of 72 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate.

To find the interest rate Kari must receive for her investment to double in 7 years, we would use the Rule of 72;

Rule of 72 = 72/7

Rule of 72 = 10.29%

Therefore, Kari must receive an interest rate of 10.29% for her investment to double in 7 years.

You might be interested in
The parameters of nonlinear models have exponents _____.
9966 [12]

Answer:

b. other than 1

Explanation:

Nonlinear models are called that way because they are not linear in parameters. In order for this nonlinear characteristic to exist, the exponents of the parameters must be any number other than 1.

While linear models can have a nonlinear relationship between the predictors and independent variables. But when you analyze the mean (predictor), it must be linear with the parameters.

4 0
3 years ago
Derick started a manufacturing firm of his own quite recently. His country’s government provides grants and implements policies
Stolb23 [73]
"<span>advent of globalization" The advent of globalization has sparked a trend of entrepreneurs.</span>
4 0
3 years ago
Look at the sales prices change that is being suggested. In particular, Winetki talks about one of the product's prices as doubl
PilotLPTM [1.2K]

The calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

<h3>What is the weighted-average contribution margin?</h3>

The weighted-average contribution margin shows the average amount that a group of products or services contribute to meet the fixed costs.

The weighted-average contribution margin can be computed as Aggregate sales - Aggregate variable expenses) ÷ Number of units sold.

<h3>Data and Calculations:</h3>

Aggregate sales revenue = $1,800,000

Aggregate variable costs = $1,125,000

Aggregate contribution margin = $675,000 ($1,800,000 - $1,125,000)

Total units sold = 1,500,000

Total fixed costs = $520,000

Weighted average contribution margin = $0.45 ($675,000/1,500,000)

Break-even point in units = 1,155,556 units ($520,000/$0.45)

Thus, the calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

Learn more about break-even analysis at brainly.com/question/21137380

#SPJ1

4 0
1 year ago
Khalid is a 39-year-old, married business owner who runs a dry cleaning service with three locations. His personal obligations a
madam [21]

Answer:

D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.

3 0
3 years ago
The markdown could be a dollar amount or a
BabaBlast [244]

Answer:

Percentage of the selling price

Explanation:

Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.

Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.

4 0
3 years ago
Other questions:
  • A supervisor who wants to measure the performance of his current employees will probably not use
    7·2 answers
  • Background information: Car purchase cost: $25,000 Sum of Fuel and Maintenance Cost at End of Year 1: $2,000 Incremental increas
    14·1 answer
  • Air bags are designed to __________. A. cushion impact in a collision B. work without passengers having to buckle up C. deploy a
    6·2 answers
  • List four.characteristics of an application that would influence the electric motor selection
    7·1 answer
  • Variance analysis Jack Joe, Inc. standard costing provided below. During 20x1, Jack Joe Inc. used 410,000 of raw materials to pr
    6·1 answer
  • At a price of $3.50 per loaf, a bakery is willing to supply 450 loaves of bread per week. At a price of $4.00 per loaf, the bake
    8·1 answer
  • Butterfly Tractors had $21.00 million in sales last year. Cost of goods sold was $9.40 million, depreciation expense was $3.40 m
    10·1 answer
  • To discourage competitive entry, a company can price its new product low, using penetration pricing. This pricing strategy also
    10·1 answer
  • Which of the following is a good question to ask during an informational interview?
    9·2 answers
  • The makings of a good currency Instead of using money, people could simply barter one good for another. Which of the following i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!