Answer:
The correct option is yes,the $15,000 will double each 7.5 years.In 15 years ,it will double twice.
Explanation:
The 72 rule stipulates that the number of years it would take an investment to achieve accumulate a certain amount- future value, can be computed by dividing 72 by the interest rate earns by the investment
N, the number of years=72/9.6
=7.5 years
Invariably,in 7.5 years' when Sally would have been 10.5 years(3 years now+7.5 years) the investment would have doubled.
By another 7.5 years when Sally would have been 18 years(10.5 years +7.5 years), the investment would have doubled twice.
The 72 rule is fast-track approach to calculating the duration of an investment.
Answer:
Explanation:
FV $200,000.00
time 5 years
rate 0.1% = 10/100 = 0.10
C $ 32,759.496
The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years
Answer:
wearing a suit to a job interview: ethical wearing an expensive suit to impress others not ethical, wearing your best dress suit to a formal banquet ethical wearing a law enforcement uniform to gain respect not ethical, finally wearing a certain type of style clothes to fit in with the desired crowd not ethical hope this helps good luck!
The fact that Costco opened three new stores to serve its customers exemplifies the growth strategy.
<h3 /><h3>What is the growth strategy?</h3>
It corresponds to an organizational plan that defines courses of action with the objective of reaching new markets and consumers. Some growth strategies are related to increasing market share, increasing investments and including benefits in the goods offered.
Therefore, a growth strategy when well implemented helps a company to create more value for the consumer, attracting and retaining them, in addition to becoming more competitive and positioned in the market.
Find out more about growth strategy on:
brainly.com/question/14546783
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