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frozen [14]
3 years ago
10

How long will it take money to double if compounded continuously

Business
1 answer:
allsm [11]3 years ago
7 0

Answer:

The basic rule of 72 says the initial investment will double in 3.27 years.

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What has consequences in the interaction between the service provider and the customer?<br>​
Sav [38]

Answer:

I think it is getting fired and getijng sued

Explanation:

4 0
3 years ago
First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound
Liula [17]

Answer:

First National Bank    = 14.6%

First United Bank.=   = 14.8%

Explanation:

<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>

It can be calculated as follows:

EAR = ( (1+r)^(n) -1) × 100

r -interest rate per period

n- number of period

EAR - Effective annual rate

First National Bank

r - interest rate per month = 13.7%/12 = 1.141%

number of period = 12 months

EAR =( (1+011141)^(12) - 1) × 100

       =  0.145938395 × 100

       = 14.59

      = 14.6%

First United Bank.

r- interest rate per quarter - 14%/4 = 3.5% per quarter

n- number of quarters = 4

EAR = ((1+0.035)^(4)- 1) × 100

      = 0.147523001 × 100

      = 14.8%

 

8 0
3 years ago
A potential benefit of telecommuting is that it _____. reduces employee turnover regulates work routine increases interaction wi
Lyrx [107]

In the given choices above, the potential benefit of telecommunication is that it was able to provide a reduce employee turnover because its task was able to provide a technology of which information exchange is made easy and the employees are given benefits.

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6 0
3 years ago
Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are ma
Anarel [89]

Answer:

c.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000

Explanation:

When common stocks are issued the cash is received so, it is debited because cash is an asset and assets have debit nature. On the other hand equity accounts are credited, which may include the common stock (at par) account and Add-in-capital excess of par common stock ( if the stocks are issued over par value ).

Common Stocks = 1,000 x $15 = $15,000

Paid-In Capital in Excess of par = 1,000 x ( $22 - $15 ) = $7,000

5 0
3 years ago
Which function relates to maintaining inventory?
finlep [7]

Answer:

The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.

5 0
3 years ago
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