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slavikrds [6]
2 years ago
9

According to the rule of 72, if you deposit

Business
1 answer:
Sliva [168]2 years ago
8 0

Answer:

Compound Interest works in a continuous pattern.

The formula is x = 100*(1.09)^y

x = the amount received after interest.

y = the number of years

x = 100*(1.09)^9

x = $217.19

It would take 9 years for the initial deposit to reach $200

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Another company plans to issue 20-year bonds with a face value of $1,000 and an annual coupon rate of 10%. The market price of s
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The after-tax cost of debt is 6.28%.  Subtract a company's effective tax rate from one and multiply the difference by its cost of debt to calculate its after-tax cost of debt.

<h3>What is After-tax cost?</h3>
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FV = -$1,000

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