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postnew [5]
3 years ago
15

How long would it take to double your money in an account that paid 6% per year

Business
1 answer:
Oksi-84 [34.3K]3 years ago
7 0

Answer:

depending on how much you put in there to start with but 5 to 10 years

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What is the future value of $1800 invested today at 18% interest in 30 years with interest compounded quarterly?
Lynna [10]

Answer:

Future value of amount will be $354182.711

So option (C) will be the correct option

Explanation:

We have given present value P=$1800

Rate of interest r = 18 %

Time t = 30 years

As interest is paid quarterly so

Rate of interest r=\frac{18}{4}=4.5%

And time period = 30×4 = 120

Future value is given by A=P(1+\frac{r}{100})^n=1800\times (1+\frac{4.5}{100})^{120}=1800\times 196.768=$354182.711

So future value of amount will be $354182.711

So option (C) will be the correct option

5 0
3 years ago
Neeta Landscaping Company provides lawn care services to a customer and immediately receives $45. Which of the following describ
lukranit [14]

Answer:

C. Credit Service Revenue for $45

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $45

        To Service Revenue A/c $45

(Being the cash received is recorded)

At the time of receiving the cash, we debited the cash account and since the service is provided so we credited the service revenue. Both the accounts are to be credited and debited for $45

3 0
4 years ago
On a survey of how students spend their time, one question asks, "Which of the following best describes your employment status?"
lesya692 [45]

Answer:

1. Mutual exclusivity

Explanation:

This researcher did not address the aspect of mutual exclusivity well enough as evidenced in options c and d in the coding above.

This is because option d says full time students. Option d is not mutually exclusive as a student can be a full time student and work part-time, and one can be a full time student and also be unemployed or employed full time

6 0
3 years ago
Select the correct answer.<br> Workers like authoritarian leaders best.<br> A True<br> B. False
aivan3 [116]

Answer:

False

Explanation:

In autocratic leadership, the leader or manager does not allow the team members to contribute to the group's decisions. It is also known as authoritarian leadership. The leader issues command-like instructions that must be followed by everyone.

In general, workers do not like authoritarian leaders. Authoritarian leaders do not consider workers' opinions, nor do they value their inputs in decision making. Discouraging group inputs stifles creativity and innovation. Workers are always demoralized as they do not feel part of the team and its decisions.

6 0
3 years ago
Read 2 more answers
If ap sells the toaster ovens for $16 each, how many units will it have to sell to make a profit of $60,000 before taxes?
kifflom [539]
If $60,000.00 is the total sales from selling toaster ovens at $16.00 each, then the total units of toaster ovens sold would be 3,750.00 units. If expenses where given, say for example, 40% of the sales, with a profit before tax of $60,000.00, then total sales should be $84,000.00 equivalent to 5,250 units of toaster ovens.
8 0
3 years ago
Read 2 more answers
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