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
dybincka [34]
4 years ago
8

1. At 5.3 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your a

nswer to 2 decimal places, e.g., 32.16.)
2. At 5.3 percent interest, how long does it take to quadruple your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a. Length of time ___ years
b. Length of time ____ years
Business
1 answer:
eduard4 years ago
3 0

Answer:

a. Length of time<u> 13.42 years </u>

b. Length of time <u>26.84 years</u>

Explanation:

a) Time to double the money:

=NPER(5.3%,0,-100,200)

=13.42 years

b) Time to quadruple the money:

=NPER(5.3%,0,-100,400)

=26.84

You might be interested in
What does it mean when the fed raises interest rates
Andrews [41]
What Happens When the Fed Raises Rates?

——> When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy.
7 0
3 years ago
After a recent study showed significant benefits to the use of public transportation, government officials have hired your consu
Umnica [9.8K]
<span>In function of the good service that must have in public transport and the welfare for the citizens another suggestion and possible resource that can be taken in this respect is to combine those initial ideas in function of the efficiency that these decisions provide. Reduce the price, you can decrease the income for maintenance, therefore you can freeze for time. Increasing the price may lead to rejection by users and an impact on their economy, however, it must be increased at a reasonable time. The monthly and annual passes are part of a balanced idea. In view of the acceptance of users there is more demand therefore the third idea must be complemented and offer passages of reduction of prices per trip that do not affect both economies of companies and users.</span>
6 0
3 years ago
List and describe the three traits you need to become a successful entrepreneur
Akimi4 [234]

Entrepreneur is a person who is willing to bear risks to gain profits.

1) risk bearing

2) innovative

3) personality

3 0
3 years ago
Read 2 more answers
A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $50
Artyom0805 [142]

Answer:

a. $(8000)

b. Company should choose alternative 1 and make bottles.

Explanation:

Particulars               Make Bottles            Buy Bottles  Differential

                                Alternative 1             Alternative 2

Purchase Price                  0                       $37                               $(37)

Freight Charges                 0                       $4                                $(4)

Variable cost                    $33                                                          $33

Fixed Cost                        $17                     $17                                  0

Cost per unit                    $50                    $58                              $(8)

Income / (Loss)                 $50,000            $58,000                      $(8,000)

b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.

7 0
4 years ago
Jacob Co. sells merchandise on credit to Isaiah Co. for $8,600. The invoice is dated on May 1 with terms of 1/15, net 45. What i
Kryger [21]

Answer:

The discount is for $86

It will be available until May 16th

Explanation:

the credit terms are 1/15, net 45

the first numebr is the discount amount, 1%

the second number is the days after billing this discount option is active, 15

net 45 means the customer can pay the nominal 8,600 within a 45 days period. After that it should renegociate the bill

The discount will be 8,600 x 1% = 8,600 x 0.01 = 86

It will be available up to 15 days after billing:

May 1st + 15 days = May 16th

4 0
3 years ago
Other questions:
  • Which of the following is NOT one of the three major factors that affect population growth?
    10·1 answer
  • A particular stock sells for $43.20 share and provides a total return of 11.6 percent. The total return is evenly divided betwee
    13·1 answer
  • Raymond Chandler wrote classic American detective stories. By always using certain roles for his characters and props that were
    13·1 answer
  • Amanda is a Certified Public Accountant. She wants to work as an auditor with a firm in the state of California. Which accountin
    15·1 answer
  • The sustainable infrastructure pressure of increased energy consumption poses new and growing pressure. The energy consumed by a
    7·1 answer
  • When do children develop their eating habits and physical activity patterns ?
    10·2 answers
  • The normal selling price per unit of a product is $480, and its total cost per unit is $375. Using the total cost concept, calcu
    11·1 answer
  • A firm seeking a growth strategy designed to increase sales of existing products to current​ customers, nonusers, and users of c
    15·1 answer
  • what are the possible issues of market demand and supply risks that encourage the supply chain partners to carry inventory?
    10·1 answer
  • In a purely competitive labor market, each firm employs such a ______ fraction of the total available supply of a specific type
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!