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PilotLPTM [1.2K]
2 years ago
13

Jack invests $6,000 at age 28. He hopes the investment will be worth $300,000 when he turns 60. If the interest compounds contin

uously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.
Business
2 answers:
Alex787 [66]2 years ago
6 0

Answer: 12.12 percent

Explanation:

pentagon [3]2 years ago
6 0

Answer:

12.2%

Explanation:

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A convenience product would most likely be promoted through _____.
algol [13]

Answer:

a. segment Marketing

Explanation:

hope it helps you

3 0
3 years ago
What is depreciation? A cost allocation method. A valuation approach. An adjustment to market value over time. A cash accumulati
Tema [17]

Answer:

A cost allocation method

Explanation:

Depreciation is expensing the cost of acquiring a machinery over its useful life.

5 0
3 years ago
The Holmes Company's currently outstanding bonds have a 9% coupon and a 12% yield to maturity. Holmes believes it could issue ne
Ivan

Answer:

7.20%

Explanation:

Given that

Coupon rate = 9%

Yield to maturity = 12%

And marginal tax rate is 40%

So by considering the above information, the after tax cost of debts is

= Yield to maturity × (1 - tax rate)

= 12% × (1 - 0.40)

= 7.20%

After considering the tax rate and then multiplying with the yield to maturity we can get the after tax cost of debt

We ignored the coupon rate

8 0
3 years ago
A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage t
ikadub [295]

Answer: Champion

Explanation:

Someone who drives a course from the initial stage to a stage where it is seen as satisfactory by him and people is known as a champion, as it's been put; the individual championed the course. This individual is responsible for the process of the project and sees that it becomes successful, despite the efforts of others, he supervises them and ensure they carry out the task as he planned it. A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product champion.

4 0
4 years ago
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
inn [45]

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The CPI for this year is calculated by dividing <u>the value of all goods and services produced in the economy this year </u>using <u>this year's prices</u> by the<u> value of all goods and services produced in the economy this year</u> using <u>the base year's prices</u> and multiplying by 100. However, the GDP deflator reflects only the prices of all goods and services bought by the consumers.

<u>Explanation:</u>

GDP is the gross domestic product of a country which specifies the level of growth of the country. The value of the goods and the services of the country produced by the people of the country are all reflected in the gross domestic product of the country.

Greater the rate of GDP is of a particular country, higher would be the growth of the country. It is also used as a measure of comparison of the growth rate of the country.

5 0
3 years ago
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