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4 years ago

If $17,000 is invested at 11% per year, in approximately how many years will the investment double?

1 answer:

3 0

<span>There is a popular rule called the rule of 72 where in you will divide 72 by the interest rate of your investment to know the length of time the value of your money will double. In here, 72 divided by 11 is 6.55 years. Your $17,000 will be $34,000 after approximately 6.55 years.</span>

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What types of questions can be answered by analzying financial statements?

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- Would an investment generate attractive returns?
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3 years ago

Read 2 more answers

Sarah recently bought a bicycle. After a few days of cycling, she realized that she needed a basket on the bicycle to keep her b

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Answer:

Functional need

Explanation:

Functional need -

It refers to the needs of the human being , which are important for the survival , is referred to as functional need .

These are basic requirements which are important for the day to day activities of the people .

Hence , from the scenario of the question,

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4 years ago

7. The fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.

xz_007 [3.2K]

Answer: True

Explanation: The funding goal is the least amount you need to start on a project and pay for rewards if you've offered any and the very concept of funding goal should come from the campaign objective. You are expected to decide on whether your campaign should come from a financial standpoint or marketing standpoint. It is true that the fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.

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3 years ago

A store has been selling 100 DVD burners a week at $450 each. A market survey indicates that for each $30 rebate offered to buye

Ivanshal [37]

Answer:

a rebate of 200 dollars will generate 500 sales

with a revenue of 125,000

Explanation:

We need to maximize the total revenue which is:

TR = Price x Quantity. First we define each of these:

P = (450 - 30X)

Q = (100 + 60X)

Being X the cash rebate

We now replace this into the TR formula:

TR = P x Q = (450 -30X) (100 + 60X)

TR = -1800x2 +27,000x -3,000x + 45,000

TR = -1800x2 +24,000x + 45,000

as this is a quadratic function: a: -1,800 b = 24,000 c = 45,000

the maximum revenue will be at the vertex: -b/2a

-24,000/2(-1,800) = 6.67

now we multiply by 30: 6.67 x30 = 200 dollars

which bring 60 x 6.67 = 400 new customers

250 x (100 +400) = 250 x 500 = 125,000

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3 years ago

Write a conversation between florist and customer for ordering a bouquet to gift for mom on Mother's Day - write with etiquette

Tatiana [17]

Answer:

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3 years ago

If $17,000 is invested at 11​% per​ year, in approximately how many years will the investment​ double?

If $17,000 is invested at 11% per year, in approximately how many years will the investment double?