If you earn 10% per year on your bank account, how long will it take an account with $105 to double to $210? Do not round intermediate celculations. Round your answer to 2 decimal places.) Number of years _________.

Answers

Answer 1

Answer:

n= 7.27 years

Explanation:

Giving the following information:

Interest rate= 10%

Future value (FV)= $210

Present value (PV)= $105

To calculate the number of years to double the investment, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(210/105) / ln(1.1)

n= 7.27 years


Related Questions

Which component of owners’ equity does the situation below indicate? Owners’ equity includes , ______ which is the amount of profits that your business has been able to save over the past few years.

Answers

Answer:

Retained earning

Explanation:

A company's profits are distributed to shareholders as dividends, retained in the business for reinvestment, or both. Therefore, retained earning are profits that were not distributed to shareholders. They are funds that belong to owners but withheld for use in the business.

Retained earnings form part of a company's capital. It is money that shareholders have contributed to the business by not sharing in profits.

According to growth accounting studies, a country would achieve better results by promoting

Answers

Answer:

I dont really know i nee the points tho sorry hope you find help

Explanation:

Answer: research and education

Explanation:

Use the following information to answer next three questions: IO PI IRR LIFEProject 1 $300,000 1.12 14.38% 15 yearsProject 2 $150,000 1.08 13.32% 6 yearsProject 3 $100,000 1.20 16.46% 3 yearsAssume that the cost of capital is 12%.If the firm has a maximum capital expenditures budget of $450,000, and if the projects are independent and mutually exclusive but not repeatable, which project(s) should be accepted?Projects 1 and 2Projects 1 and 3Projects 2 and 3Projects 1, 2, and 3Project 1

Answers

Answer:

Project 1

Explanation:

                    IO          PI    IRR       LIFE

Project 1 $300,000 1.12 14.38% 15 years

Project 2 $150,000 1.08 13.32% 6 years

Project 3 $100,000 1.20 16.46% 3 years

Assume that the cost of capital is 12%.

We should invest in  the projects that have the highest profitability index (PI) first.

PI = present value of project's cash flows / initial outlay

Projects with a high PI should also have high IRRs and this applies to this situation:

Project 3 has a PI of 1.2 and an IRR of 16.46%Project 1 has a PI of 1.12 and an IRR of 14.38%Project 2 has a PI of 1.08 and an IRR of 13.32%

If the protects weren't mutually exclusive and the company had enough money for the 3 of them, then it should invest in all of them. But that is not the case, here, since the company has to decide in which project it will invest (only 1 project). The first option should be project 3, but since it cannot be repeated, and its life is short, I would go for project 1.

Besides, it is the only possible answer since you have to choose only 1 project (remember projects are mutually exclusive).

A Wal-Mart in Lawrenceville, Georgia, would be considered which type of market?
A)
It is a Product Market, because goods and services are sold there.
B)
It is a Resource (Factor) Market, because productive resources are sold
there.
C)
It is both Factor and Product Markets, because goods, services and
resources are sold there.
D)
It is neither, because the Circular Flow of Economic Activity has nothing to
do with what is being bought and sold at Wal-Mart.

Answers

Answer:

the answer to the question is A

Answer:

The answer is c

Explanation:

It is both Factor and Product Markets, because goods, services and

resources are sold there.

Stock J has a beta of 1.26 and an expected return of 13.46 percent, while Stock K has a beta of .81 and an expected return of 10.4 percent. You want a portfolio with the same risk as the market. a. What is the portfolio weight of each stock

Answers

Answer:

J = 0.422

K = 0.58

Explanation:

When a portfolio is said to have risk that is equal to market, this means that the beta is equal to 1.

Let us define the weight of stock J = x

Let us define the Weight of stock K = (1-x)

To get the The Beta of portfolio = (x*1.26) + ((1-x)*0.81) = 1

When we open the brackets,

1.26x + 0.81 - .81x = 1

1.26x-0.81x = 1-0.81

0.45x = 0.19

To get x we divide through by 0.45

X = 0.422

Therefore the Weight of stock J = 0.422

Then the Weight of stock K = 1 - 0.422 = 0.578

Approximately 0.58

For a soft drink compant, dividing the market up based on fashion preferences is an example of which segmentation variable?
A. Geographic
B. Demographic
C. Psychographic
D. Behavioral

Answers

Answer:

The correct answer is the option C: Psychographic

Explanation:

To begin with, in the field of marketing the term known as segmentation refers to the strategy of dividing the target market into different groups that characterizes themselfs because of having common features in their lifestyles of something like that for example. So when segmentation takes place there are different types of it, the psychographic segmentation is the one that focus on the psycological part of the people and their common likes, attitudes, aspirations and more. Therefore that one they are segmentating according to fashion preferences they are doing a psychographic segmentation

Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one year he sold the property for $550,000. Alex's economic profit on this deal was:__________
a) 25,000
b) Not enough information provided.
c) 50,000
d) 500,000
e) 120,000

Answers

Answer:

a) 25,000

Explanation:

The computation of the economic profit is shown below;

Economic profit is

= Revenue - Explicit cost - Implicit cost

= $550,000 - $500,000 - $500,000 × 5%

= $550,000 - $500,000 - $25000

= $25,000

Hence, the economic profit on this deal was $25,000

Therefore the correct option is a.

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) b. What is the duration if the yield to maturity is 10%

Answers

Answer:

A) the formula to calculate modified duration of bonds:

modified duration = [1 - (1 + y)⁻ⁿ] / y

modified duration = [1 - (1 + 6%)⁻³] / 6%  = 2.673 years

if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.673 years x 1.06 = 2.833 years

B)   modified duration = [1 - (1 + 10%)⁻³] / 10%  = 2.487 years

if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.487 years x 1.1 = 2.736 years

a. The duration should be 2.833 years.

b. The duration should be 2.736 years.

The calculation is as follows:

Modified duration = [1 - (1 + y)⁻ⁿ] ÷ y

= [1 - (1 + 6%)⁻³] ÷ 6%  

= 2.673 years

 Macaulay duration = modified duration × (1 + yield)

= 2.673 years × 1.06

= 2.833 years

B)   modified duration = [1 - (1 + 10%)⁻³] ÷ 10%  

= 2.487 years  

Macaulay duration = modified duration × (1 + yield)

= 2.487 years × 1.1

= 2.736 years

Learn more: brainly.com/question/16911495

According to this video ,what should a good checking account offer for free

Answers

Where is the video at?

Free checking, free ATM use at that bank, free online banking, free check writing, free bill pay, no monthly maintenance fee, and a very low minimum balance.

What is the good qualities to checking account?

The best checking accounts typically have no fees (or fees that are easily avoided), a robust mobile banking app, and access to a large number of fee-free ATMs.

Consider whether the account pays interest, provides a bank account bonus, or offers relationship benefits to those who have multiple accounts at the same bank.

A high annual percentage yield (APY) that pays interest on your balance, out-of-network ATM reimbursement, and/or free bank checks are among the benefits of the best free checking accounts.

Therefore, Free checking, free ATM use at that bank, free online banking, free check writing, free bill pay, no monthly maintenance fee, and a very low minimum balance.

To know more about the checking account, visit:

https://brainly.com/question/11610905

#SPJ2

A competitive market is one in which:

a. few large sellers compete for a majority of the market share.
b. individual sellers and buyers have a lot of influence over market price.
c. government oversees its operation.
d. fully informed price-taking buyers and sellers easily trade a standardized good.

Answers

Answer:

d. fully informed price-taking buyers and sellers easily trade a standardized good.

Explanation:

A competitive market is a market where there is a large number of buyers and sellers that sell and purchased homogenous products. The sellers are to be considered as price takers also they cannot influence the price of the market. Plus, the demand for the perfect competition is perfectly elastic

Therefore the correct option is D.

A user access agreement typically is __________ than the list of employee expected behaviors within an organization.

Answers

Answer:

Narrower

Explanation:

To make sure that all employees that work in an organization know all their responsibilities, that is ethical and legal. They are required to review and to also accept the terms that has been stated in the user access agreement form.

So for this question, the user access agreement is narrower than the list of employees expected behavior in an organization.

Westfall Watches has two product lines: Luxury watches and Sporty watches. Income statement data for the most recent year follow:
Total Luxury Sporty
Sales revenue $510,000 $380,000 $130.000
Variable expenses 365.000 245,000 120.000
Contribution margin 145.000 135,000 10.000
Fixed expenses 80 000 40,000 40,000
Operating income (loss) $65.000 $95.000 $(130,000)
Assuming the Sporty line is discontinued, total fixed costs remain unchanged, and the space formerly used to produce the Sporty line is used to increase the production of Luxury watches by 250%, how will operating income be affected?
A. Increase $257,500.
B. Increase $337,500.
C. Increase $192,500.
D. Decrease $192,500.
J&A Corporation has a monthly target operating income of $35,700. Variable expenses are 30% of sales and monthly fixed expenses are $13,300. What is the monthly margin of safety as a percentage of target sales in dollars?
A. 26.84%.
B. 72.86%.
C. 13.73%.
D. 70%.

Answers

Answer:

A. Operating income will increase by $257,500

Explanation:

Given the following,

Sales revenue

Total  = $130,000

Luxury = $510,000

Sporty = $380,000

Variable expense

Total = $120,000

Luxury = $365,000

Sporty = $245,000

Contribution margin

Total = $10,000

Luxury = $145,000

Sporty = $135,000

New income statement

Sales  

$510,000

Less : Variable costs

($365,000)

Contribution margin

$145,000

Fixed cost

($40,000 + $40,000)

($80,000)

Operating income

$65,000

Assuming a 360-day year, when a $49,200, 90-day, 6% interest-bearing note payable matures, the total payment will be ______ .
Round your answer to the nearest whole dollar.
a. $2,952
b. $49,938
c. $52,152
d. $49,200

Answers

Answer:

b. $49,938

Explanation:

The computation of the total payment is shown below:

Total payment is

= Principal + interest amount

where,

The Principal is $49,200

And, the interest is

= $49200 × 6% × 90 days ÷ 360 days  

= $738

Now

Total payment is

= $49,200 + $738

=  $49,938

hence, the correct option is b. $49,938

The same is to be considered

At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July showed that actual maintenance costs totaled $13,680 and that the associated rate variance was $450 unfavorable. If 7,000 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:

Answers

Answer:

$1.89 per machine hour

Explanation:

With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.

Standard maintenance cost = $ 13,680 - $450

= $13,230

Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;

= $13,230 / 7,000

= $1.89

Therefore, the cost was $1.89 per machine hour.

You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1 percent and the face value is $1,000. What is the current market price (assume annual coupons)?

Answers

Answer:

Zero-cupon bond= $73.33

Explanation:

Giving the following information:

Number of years (n)= 30

Face value= $1,000

YTM= 9.1%

To calculate the bond price, we need to use the following formula:

Zero-cupon bond= [face value/(1+i)^n]

Zero-cupon bond= [1,000 / (1.091^30)

Zero-cupon bond= $73.33

I main kirby in ssbu

Answers

Me too bro- me too. He was honestly my main character, and now I'm stuck with the other useless characters.

Answer:

me too except i only spam stone a bit and use a whole variety of moves

Explanation:

Cosplay Unlimited sells 1,140 outfits per year at an average price of $143. The terms of the sale are 1/15, net 40. The discount is taken by 71 percent of customers. What is the company's accounts receivable balance?

a. $19,651.73
b. $17,865.21
c. $9,937.52
d. $8,632.13
e. $7,326.74

Answers

Answer: c. $9,937.52

Explanation:

The Accounts receivable balance can be calculated by;

= Outfits per years * Average Price * (Collection period/365)

Collection period;

71% take the discount which means that they pay in 15 days while the rest pay in 40.

= (71% * 15) + (29% * 40)

= 22.25 days

Accounts Receivable balance = 1,140 * 143 * (22.25/365)

= $9,937.52

Jerry works as an accountant in a manufacturing firm. His firm has sold goods to customers on credit, while the full payment for the goods is expected after a month. In which category should Jerry mention the price of these goods? A. accounts payable B. accounts receivable C. cost of goods sold D. depreciation E. operating expenses

Answers

Answer:

If we are talking about the price Jerry and his firm purchased goods for I would say "Cost of goods sold", if we are talking about the revenue that will be collected from customers in the future I would say "accounts recceivable"

Explanation:

Answer:

the answer is b. accounts receivable

Explanation:

a word-for-word copy from edmentum:

"Accounts receivable: Let’s say that a business sells goods to a customer on credit. The customer plans to make the payment a few months later. A business recognizes this amount as a current asset called accounts receivable until it receives the payment."

Sheridan Company receives a $14000, 3-month, 8% promissory note from Carla Vista Company in settlement of an open accounts receivable. What entry will Sheridan Company make upon receiving the note?

Answers

Answer and Explanation:

The journal entry to record while receiving the note is shown below:

Notes receivable  Dr. $14,000

          To Accounts receivable $14,000

(Being receiving of the note is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

The same is to be considered

____ is a referral service that employees can use to seek professional treatment for emotional problems or substance abuse.

Answers

Answer:

Employee assistant programs

Explanation:

An employee assistant prgram is a program organized by organizations to assist their employees' personal problems which are hindering their performance in work-place.

EAP's tend to assist those employees that suffer from alcohol abuse, emotional abuse, substance abuse, etc. EAP's is a short-term counselling or follow-up sessions provided  to employees facing above-mentioned abuses.

Therefore, the correct answer is employee assistant programs.

PATTYCAKE PATTYCAKE PASTAMAN, GIMME PASTA POWER AS FAST AS U CAN

Answers

Answer:

Roll it, put in the oven for me and you

Explanation:

Acme Company has variable costs equal to 40% of sales. The company is considering a proposal that will increase sales by $15,000 and total fixed costs by $9,000. By what amount will net income increase?
a. $6,000
b. $9,000
c. $3,000
d. $0

Answers

Answer: C

Explanation:

Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use 360 days a year.)

Answers

Answer:

the journal entry to record the loan:

E.g. January 1, 202x, loan made to Ryan Company

Dr Notes receivable 69,000

    Cr Cash 69,000

the journal entry to record the collection of the note:

E.g. January 31, 202x, note collected from Ryan Company

Dr Cash 69,575

    Cr Notes receivable 69,000

    Cr interest revenue 575

interest revenue = $69,000 x 10% x 30/360 = $575

On Sep 18, Mesa returned $800 of the inventory. On Sep 20, Mesa paid Butte for the inventory. What journal entry did Mesa make on Sep 20

Answers

Answer:

Decrease the trade payables by a debit entry with the amount paid after the return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.

Explanation:

Hi, your question is incomplete, i tried looking for the question online but i could not find it.

Here i will explain the journal entries that are usually made when there is a Purchase, Return and Payment of Inventory assuming the view of the customer or trade receivable.

1. Purchase

Here we have to increase the value of inventory by creating a debit entry and also increase the value of trade payable by creating a credit entry.

2. Return

The value of trade payables has to be decreased to the extent of the amount that would have been paid if the inventory was not returned. Also the inventory value has to decrease with the same amount as for the trade payable.

3. Payment

Decrease the trade payables by a debit entry with the amount paid the after return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.

Describe the key elements of IKEA’s globally successful business model. What are the sources of IKEA’s competi-tive advantage?

Answers

Answer:

following are the solution to this question:

Explanation:

The key factors for IKEA's growth are as follows:

It made simple to use goods as well as the technique of "do it yourself" allows employees to increase costs lower, prices fair, a good understanding of the population it wants to target, goods clean with a clear aesthetics.

These were also regarded for fair payer money for staff and vendors, as well as the mechanism is open. Its shops also provide accommodation for the whole family.

What are the annual social security withholding for an executive whose annual gross earnings are $98,485?

Answers

Answer:

$6,106.07

Explanation:

Calculation for the annual Social security withholding

Based on the information given the annual gross earnings are the amount of $98,485 which is lower than the taxable maximum of the amount of $137,700 in 2020 as well as the amount of $142,800 in 2021 which means that the annual social security withholding will be :

Using this formula

Annual Social security withholding =6.2%*Annual gross earnings that is subject to a taxable maximum

Let plug in the formula

Annual Social security withholding= 6.2%*$98,485

Annual Social security withholding= $6,106.07

Therefore the Annual Social security withholding will be $6,106.07

How should wildlife species like grouse or deer be valued, and how should that value be balanced against the economic interests of a company like Questar? What, if anything, should Questar be doing differently?

Answers

Answer:

The description is summarized in the clarification section below, according to the particular circumstance.

Explanation:

Mostly with rising economic company's best interest including Questar, maintaining wildlife species including grouse as well as deer protected has become much more important. It is not only just the economic gain but also the ecological advantage that would not affect wildlife animals. Preserving the natural environment seems to be the most fundamental way of evaluating animal habitats. The same as deer, animal species should be covered in their habitat. It may also become extinct by upsetting them. The ecosystem is, thus, an important one that should have been taken note that to value certain native wildlife. But because service providers like Questar, who are rocky mountain oil producers, have quite a several financial advantages by exploration in that field, however, this contributes to mining, etc. in something like a wide coverage of the region which destroyed the habitat.Companies should preserve the balance, such as invading the field which is far less occupied by endangered species, reexhibiting certain organisms to a safer location, or putting the region back into the very same old role.

So quester should do these things completely differently, to protect the ecological balance.

John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $421,800. He estimates that the boat he wants will cost $341,400 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 12% (compounded annually) to buy the boat at retirement?

Answers

Answer:

John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

r = Annual interest rate = 12%, or 0.12

n = number of yeas = 6

Substituting the values into equation (1) and solve for M, we have:

$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

$341,400 = M * 6.35284736

M = $341,400 / 6.35284736

M = $53,739.6824846741

Approximating to 2 decimal places, we have:

M = $53,739.68

Therefore, John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

Costs of insurance vary by state, risk profile and amount of coverage. Visit insurance company websites and find out how much each of these insurance policies would cost you: In Indiana Please

1.home owner's insurance for $100,000

2.medical insurance for yourself and three family members (there is no set price because medical insurance covers a percentage of costs and has co-pays)

3.automobile insurance for two cars for $50,000 each.

Answers

Answer:

Home owner’s insurance: most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. The costs for such a policy would be $500 deductible.

Medical Insurance: For a four person household with a family income of $75,000 in Virginia would be approximately $600 a month. This would not include supplementary insurance.

Automobile insurance: To insure to cars up to $50,000 in damages each, would cost $1,200 a year, paid every 6 months. This assuming that only 2 people in the household have driver’s licenses.

Explanation:

This was the sample answer given

Answer:

Homeowners insurance: most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. The costs for such a policy would be $500 deductible. Medical Insurance: For a four person household with a family income of $75,000 in Virginia would be approximately $600 a month. This would not include supplemental insurance. Automobile insurance: To insure two cars up to $50,000 in damages each, would cost $1,200 a year, paid every 6 months. This assumes that only 2 people in the household have driver’s licenses.

Explanation:

for pluto i did change it up a little

3. Colloids are used in food preparations like in baking
pastries and cakes.yes or no​

Answers

Yes they colloids are used in food perparations like pastries and cakes
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