bob has $2,500 invested in a bank that pays 6.8% annually. how long will it take for his funds to double?

Answers

Answer 1

A number of periods of investment can be computed using the compound interest formula:-

Compound interest is the addition of a hobby to the foremost sum of a mortgage or deposit, or in other words, hobby on the main plus hobby.

A = P x (1+r) n

P = Principal amount = $ 2,500

A = Accumulated amount = 2 x $ 2,500 = $ 5,000

r = Rate of interest = 0.068

n = Number of periods

$ 5,000 = $ 2,5000 x (1+0.068) n

 = $ 2,5000 x (1.068) n

(1.068) n = $ 5,000/ $ 2,500

(1.068) n = 2

Taking the log of both sides, we get:

no log 1.068 = log 2

n x 0.02857125269 = 0.30102999566

n = 0.30102999566/0.02857125269

  = 10.53611471 or 10.54 years

It will take 10.54 years to double the fund.

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Related Questions

the ""trolley problem"" is an exercise in ethical decision-making. the principles laid out in the trolley problem provide a mandated approach to business ethics.

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The ""trolley problem"" is an activity in ethical decision-making. The concepts outlined in the trolley problem do not provide a prescribed strategy to business ethics. So the answer is False.

What is Trolley Problem?

The trolley dilemma is a set of ethical and psychological thinking experiments that simulate ethical choices on whether to sacrifice one person to save more people. A runaway tram or trolley is on course to hit and kill a number of people (often five) down the track, but a driver or bystander can intervene and reroute the vehicle to kill just one person on a different track. This is how most episodes of the series start. Then, similar life-and-death situations (medical, legal, etc.) and other variations of the runaway car are presented. In each situation, there is an option between doing nothing, which would result in the deaths of numerous individuals, and intervening and sacrificing one initially "safe" person to save the rest.

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wm. wrigley jr. company once made only chewing gum. when wrigley bought life savers (a line of candy mints) and altoids (a line of breadth mints) from kraft, chewing gum then constituted less than 95 percent of revenues. thus, wrigley

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Wm. Wrigley Jr. Company once made only chewing gum. When Wrigley bought Life Savers (a line of candy mints) and altoids (a line of breath mints) from Kraft, chewing gum then constituted less than 95 percent of revenues. Thus, Wrigley was moving away from its traditional single-business strategy toward a dominant strategy.

How do you define revenue?

Revenue is the revenue from normal operations calculated by multiplying the average selling price by the number of units sold. This is the top line (or gross income) from which expenses are subtracted to determine net profit. Revenue is also known as income statement revenue.

An example of revenue?

Examples of Revenue Accounts: Sales, Service Revenue, Acquisition Fees, Interest Revenue, Interest Income.

What is the revenue of the company?

Your Annual Revenue is the amount of money your business has made from his annual sales. This does not include costs and expenses. To calculate annual revenue, multiply the quantity of each product sold by the retail price, then add the annual sales of each product to arrive at the total annual revenue.

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here is 20 points cause you earned it king/queen

Answers

Thank you! Have a wonderful Christmas:3

approaches to management include learning organizations, high-performance work practices, and sustainable development.

Answers

Answer: contemporary

Explanation:

me
Alan is young, but he decides to plan for his retirement early. He decides to formulate some estimates of his lifetime income. Which answer best describes Alan’s lifetime income?
Alan’s lifetime income is his employee benefits, like health insurance.
Alan’s lifetime income includes his salary and retirement benefits.
Alan’s lifetime income includes both his career outlook and his career environment.
Alan’s lifetime income is both his college classes and his vocational training.

Answers

Answer:

Alan is young, but he decides to plan for his retirement early. He decides to formulate some estimates of his lifetime income. Which answer best describes Alan's lifetime income? Alan's lifetime income is his employee benefits, like health insurance.

Answer:

Alan’s lifetime income includes his salary and retirement benefits.

Explanation:

Each department has a separate work in process account when using ______ costing.

Answers

Each department has a separate work-in-process account when using process costing.

Companies use process costing to calculate item cost by monitoring the cost of every stage in the manufacturing process rather than tracking expenses for each single item. They divide the overall cost by the amount of things after summing up the costs of all the phases in the process. This is referred to as the price per unit. A paper manufacturer, for example, may determine the price of each step in the process of converting wood pulp to reams of paper, then split the overall price by the number of reams to determine the cost per ream.

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asserts that each of the balance sheet and income statement balances actually exist, while asserts that each of the income statement events and transactions actually did occur in the proper period. (enter only one word per blank.)

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Asserts that each of the balance sheet and income statement balances actually Existence while asserts that each of the income statement events and transactions actually did Occurence in the proper period .

What is Income Statement ?

The income statement is one of three primary financial statements used to reflect a company's financial performance over a certain accounting period, along with the balance sheet and the statement of cash flows.

The income statement, also known as the profit and loss statement or the statement of revenue and expense, largely focuses on a company's revenues and expenses within a specific time.

An income statement's objective is to tell investors, creditors, and readers about the company's profitability during the fiscal year. In the context of corporate finance, the income statement is a record of the company's profit and loss for the fiscal year.

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AHHHHHHHHHHH IDK WHAQT TO DO I HAVE FOUR DAYS TO COMPLETE 12 ASSIGNMENTS AND FIVE MIDTERMS I AM BEYOND STRESS SOMEONE SHOOT ME NOW PLEASE

Answers

Maybe you should start working on them now because if you don’t then it’s going to be on you. And you’ll have to redo whatever the class

a house has been on the market for several months because most buyers do not want to walk through the master bedroom from the garage to reach the kitchen. this floor plan is an example of

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A house has been on the market for several months because most buyers do not want to walk through the master bedroom from the garage to reach the kitchen. This floor plan is an example of functional obsolescence.

Functional obsolescence is a reduction of an item's usefulness or desirability due to an previous design feature that cannot be easily modified. clients can mitigate losses resulting from practical obsolescence with the aid of thinking about the lengthy-time period usefulness of bought items.

Practical obsolescence occurs whilst an asset will become less beneficial or applicable due to an outdated layout that cannot without difficulty be updated or modified. (Tweet this!) In the latest decades, useful obsolescence is most often the result of the latest technology; an amazing instance is the VHS videotape.

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Which of the following is used as the key determinant to signal to producers what
S.
to produce and how much to produce in a free-market economic system?
A) the market curve
B) trend
C) price
D) quantity

Answers

Answer:

i guess the answer is :- trend

delia's is a clothing retailer that targets teenage girls. the company runs coordinated promotions for its catalogs, website, and retail outlets. it uses the same models in its catalog, print ads, and website. delia's works to make sure its public relations activities as well as its sales promotions harmonize with its advertising in all aspects. from this information, we can infer that delia's is using

Answers

Teenage girls are the main market for Delia's, a clothes company. The business coordinates marketing for its websites, catalogs, and physical stores. In its catalog, print commercials, and internet, it employs the same models. Delia's attempts to ensure that all facets of their PR initiatives, sales promotions, and advertising are consistent. We can deduce that Delia's is utilizing integrated marketing communication from this information.

According to Schultz and Schultz (Schultz and Schultz, p. 19), the idea of integrated marketing communication (IMC) was first proposed in the 1980s and has since altered how communicators and marketers interact and conduct business. IMC is described by the American Marketing Association as "a planning process meant to ensure that all brand contacts for a product, service, or organization received by a consumer or prospect are relevant to that person and consistent across time."

In order to make a brand's messaging consistent across all of the media that it utilizes to reach its target audience, a method known as integrated marketing communications (IMC) is used. It is a tactical technique that serves as a strategic framework for all marketing channels' communication.

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which of the following is the best use for an emergency fund

Answers

Answer:

Replace an appliance that breaks unexpectedly.

Answer:

Replace an appliance that breaks unexpectedly.

Explanation:

How can a business prevent clients constantly returning items that are not working properly?

Answers

They can close down their business

state any five types of legal requirements that will be required for your bussiness​

Answers

The law state the legal requirements which an entrepreneur is required to obtain when commencing a business. These legal requirements include the necessary permits, licenses, tax registration numbers, insurance policy, labor laws requirements, etc.

This legal requirements isn’t compulsory for an entrepreneur(s) to obtain when starting a business but it’s important. The Companies and Allied Matters provide for different companies that an entrepreneur can register to carry out his business.

A private corporation limited by shares is the suggested legal form for entrepreneurs (private limited liability company). It has a minimum share capital of N500,000 and is registered by at least two individuals legal requirements(Five Hundred thousand Naira)

The Company and Allied Matters Act does not mandate that the share capital be paid in full prior to the start of operations. An entrepreneur, however, can register as a business name if they lack the legal requirements resources to do so as a company.

In order to collect paperwork from the government or private groups on behalf of the business, such as licenses and permits, a business name certificate is necessary legal requirements.

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flitter reported net income of $22,000 for the past year. at the beginning of the year the company had $209,000 in assets and $59,000 in liabilities. by year end, assets had increased to $309,000 and liabilities were $84,000. calculate its return on assets:

Answers

With the help of the given figures, after putting all the figures in the formula that is used for calculating return on assets, the figure that has been arrived at is 8.4%.

What is return on assets?

A return on assets is nothing but a kind of return that has been arrived at or gotten in exchange for the investment that has been made by an individual, a firm, an organization, or anything else. There is an easy way to calculate the return on interest.

There are various types of interest returns, but if it is considered a good return on investment, it should be greater than 5%, whereas if it is considered better, it will be greater than 20%.

Return on Assets =  net income /  [(previous years assets + increased assets )/2]

Return on Assets = $22,000/ [( $209,000 +$309,000 )/2]

Return on Assets =$22,000 / $259,000  = 0.084 = 8.4 %

Thus, return on assets in the given case is 8.4%.

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Question. Would you don’t to a businesses GoFundMe if they gave you a free product in return.

Answers

Answer:

well it depends on the product but if the GoFundMe is for something good I'll do it anyway but if I'm down bad I would say that GoFundMe

it depends on what it is. but probably ig

Why is communism disappearing?

Hint: (demand market v. Command market)

Answers

Answer:

Because of the overpowering status of Capitalism.

Explanation:

In Marxist and Communist Thought or Ideology (sometimes the same thing), there are many different perspectives on the matter. The Classical Marxist thought would say that Communism never truly existed, and cannot be a regime. False regimes have come up under the guise of Communism (but truly monarchies without religion), but they were truly supporters of the Capitalist cause (which isn't as much an unjust cause as it is a necessary cause). Without Capitalism, true Communism would never come around.

Marxist-Leninists might say that they disappeared because of rightist agendas of some members of Communist parties. Or they might say that Communism has not died out, but lives on in places such as DPRK (North Korea) and Venezuela or Cuba.

The person above is right

the ratio takes the sum of cash, short-term investments, and current receivables and divides the total by current liabilities. it helps determine immediate short-term debt-paying ability.

Answers

The ratio that takes the sum of cash, short-term investments, and current assets and divides it by the current liabilities is called the liquid ratio or the quick ratio.

The liquid ratio or the quick ratio helps us to determine the immediate short-term debt-paying ability that the company has. The Liquidity ratios help us to determine how quickly the company can convert the assets and use them for meeting the debt that arises. The higher the ratio, the easier the more the ability to clear the debts and avoid defaulting on payments.  

The more higher this ratio the more the creditors and investors will prefer this company. They would prefer a ratio of 2 or 3. An ideal liquid ratio will be 1. A ratio that is lesser than 1 means the company is facing negative working capital and can experience a liquidity crisis in the future. The liquidity ratio can also be called the acid test ratio and is one of the financial ratios.

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What are some of the resources that families and individuals can use to reach their financial goals? Why is it important to take stock of these resources when planning financial goals?

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Answer:

There are many ways one can reach their financial goals, to start off, you need a plan, think through what you want to do in order to succeed and have a better future. take time to organize you documents; such as credit card and tax papers you need in order to make a better plan and save up, which is another good recourse, saving up is a good way to fanatically improve your profile. Keep track of your expenses and find your spending leaks, this means to spend less if you want to save up for future travels or such. Create a spending plan; Use a spending plan to ensure your daily spending habits don't overwhelm your goals. Think through what you really want to do and best of all, invest money to reach your goals! Put simply, you have many ways to reach your financial goals, there are options like  maintaining a strong credit report.

The resources that families and individuals can use to reach their financial goals are creating a budget, saving money for short term and long term plans, building good credit etc.

What is financial goal?

A financial plan is a comprehensive evaluation of an individual's current pay.

What is a budget?

A budget is a financial plan for a defined period, often one year.

What is a good credit?

A credit score is a numerical expression based on a level analysis of a person's credit files.

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macroeconomists tend to combine many markets into one. for​ example, the behavior of all households and firms together is called

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Macroeconomists tend to combine many markets into one. for​ example, the behavior of all households and firms together is called Aggregate behavior.

Macroeconomics is a department of economics handling performance, structure, behavior, and decision-making of an financial system as a whole. For example, the use of hobby rates, taxes, and authorities spending to alter an financial system’s increase and stability. This consists of regional, countrywide, and worldwide economies.

Macroeconomists examine subjects which include GDP (Gross Domestic Product), unemployment (consisting of unemployment rates), countrywide income, charge indices, output, consumption, inflation, saving, investment, energy, worldwide trade, and worldwide finance.

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Macroeconomists tend to combine many markets into one. for​ example, the behavior of all households and firms together is called aggregate behavior.

In behavior aggregate behavior the sum of individual behaviors. It is about the relationship between economic aggregates such as national income, government spending, and aggregate demand. For example, the consumption function is the relationship between aggregate demand for consumption and aggregate disposable income.

Models of collective behavior can be derived from direct observations of the economy or from models of individual behavior [1]. The theory of collective action is central to macroeconomics.

Aggregate behavior is the study of the interplay of factors that affect individual households or firms, which in turn influence economic behavior, which in turn leads to economic change.[2] Aggregate behavior Since is defined differently in different economic theories, households and firms respond differently to changes in the business cycle. The interaction between macroeconomics and microeconomics brings about positive and negative changes.

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buying products produced in another country is known as multiple choice importing. trade protectionism. comparative advantage. exporting.

Answers

Buying products produced in another country is known as importing.

Exporting is selling products done in the country abroad.

Trade protectionism is a State's disposition that interferes with free trade in order to protect and encourage local production.  It consists of barriers to importation, like heavy duties or prohibition of importing certain products.

Comparative advantage is the specialization in the production of a certain good that has lower opportunity costs of production than competitors. For example, a country with plains and grasslands has a comparative advantage for specialization in agriculture.

As you can see, importing is the correct answer, because it consists of buying goods and services abroad for consumption in one's country.

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one advantage of is the direct crossing of trades without using a broker-dealer system eliminates the bid-ask spread that otherwise would be incurred

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one advantage of is the direct crossing of trades without using a broker-dealer system eliminates the bid-ask spread that otherwise would be incurred Trades are not executed quickly

What is incurred Trades ?

In financial trading, a rogue trader is an employee who, under certain restrictions, has the authority to execute trades on behalf of their business but instead executes illicit deals. Mismarking of securities is another potential aspect. The offender works for the firm legally as an employee, but without authorization, they engage in business on the company's behalf or misrepresent securities that belong to the company.

audio icon What a Rogue Trader Learned About the Financial Crisis, Knowledge

One well-known rogue trader is Nick Leeson, whose losses on illicit trades in index futures contracts were enough to drive his employer Barings Bank into bankruptcy in 1995.

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Read the passage. Then answer the questions that follow.

Langston is a college-bound high school senior in Georgia with a big decision to make. He has been accepted to both a small college in the town where he lives and a large state university on the other side of Georgia. Both schools offer the bachelor's degree in logistics that he wants. The large state university has offered him a generous financial aid package that brings his tuition and fees
down to only $2,000 per year, but it is 250 miles from home. Housing at the university would cost $4,000 per year. He might be able to find work at a restaurant or store in the city around the university to help pay for his housing. The smaller college in his own town would cost him $4,000 tuition and fees per
year after a small amount of financial aid, but he could live at home with his parents for free. His mom could also get him a part-time job at the small logistics company where she works. And of course he could do his laundry at home and
eat with family. If Langston chooses to attend the small college in his town, what should be
considered part of the opportunity cost of this decision?

A. the bachelor's degree in logistics he would earn after four years
B.the expensive housing fees he would have to pay to live at the large university
C.the expense of traveling to and from his home during holiday breaks
D.the independent living skills be would learn living away from home most of the year

Answers

The independent living skills be would learn living away from home most of the year. Individuals require independent living skills in order to accomplish daily activities such as eating, cleaning, and maintaining personal hygiene.

Children with vision impairments, like their sighted peers, may and should begin developing independent living skills from infancy. Being as self-sufficient as feasible is what independent living entails. It entails taking risks and being given the freedom to succeed and fail on your own terms. Independent living entails having the greatest amount of control over where you live, with whom you live, how you live, where you work, and how you spend your time.

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you are planning for your retirement in 4 years. you have $1,000,000 to invest today plus you will invest an additional $500,000 at the end of the year for the next 3 years. how much money will you have at retirement if your retirement savings earns 7% per year

Answers

I will have approx $3.03 million att my retirement.

We use the formula:    

A=P(1+r/100)^n

where    

A = future value

P = present value    

r = rate of interest

n = time period.

A=1,000,000*(1.07)^4+500,000*(1.07)^3+500,000*(1.07)^2+500,000*(1.07)

=$3030767.51

=$3.03 M(Approx)

Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees' incomes.

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please help, easy multiple choice question
whoops meant to put it in art

Answers

Answer: The answer that is correct is the last one, which is shape.

I hope this helped!

the enclosed space between where lines meet is called a shape:)

What is an optical cue?

Answers

answer well they  provide depth information when viewing a scene with both eyes.

i don't know how else to explain it

if the company now purchases office equipment on account for $20,000, the accounting equation will change to:

Answers

The accounting equation will change to $500,000 = $260,000 + $240,000

An equation is a mathematical statement this is made from two expressions connected via the same sign. as an instance, 3x – 5 = 16 is an equation. solving this equation, we get the price of the variable x as x = 7.

The equation is described as the country of being identified and is frequently proven as a math expression with equal values on both facet, or refers to a problem where many staff needs to be taken under consideration. An example of an equation is 2+2 = three+1.

There are two forms of equations: identities and conditional equations. An identification is proper for all values of the variables. A conditional equation is handiest true for unique values of the variables. An equation is written as two expressions, related with the aid of an equals signal ("=").

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Of the statements listed, which best characterizes the potential impact of factors occurring outside our domestic economy and markets? a) factors outside the united states can impact our securities and trade markets, but the effects are always short term and thus impact our domestic economy very little. B) factors outside the united states can have immediate and prolonged impact on our securities and trade markets and thus our domestic economy. C) factors outside the united states have little impact on our securities and trade markets and thus our domestic economy. D) factors outside the united states never have immediate impact on our securities and trade markets, but over time can impact our domestic economy

Answers

The answer is Factors outside the United States can have immediate and prolonged impact on our securities and trade markets and thus our domestic economy.

The definition of recession means a condition of real economic growth that grows negatively. In short, there was a decline in gross domestic product for two consecutive quarters in the current year.

Recession is marked by the weakening of the global economy. An economic recession will result in a decrease in all economic activities such as corporate profits, employment and investment simultaneously.

An economic recession is usually synonymous with falling prices (deflation), or conversely, a sharp rise in prices (inflation) in a process known as stagflation. Other factors for the occurrence of a recession can be seen from several things such as the imbalance between production and consumption.

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a. the higher the correlation between the stocks in a portfolio, the lower the risk inherent in the portfolio. b. an investor can eliminate almost all market risk if he or she holds a very large and well diversified portfolio of stocks. c. an investor can eliminate almost all risk if he or she holds a very large and well diversified portfolio of stocks. d. an investor can eliminate almost all diversifiable risk if he or she holds a very large, well-diversified portfolio of stocks. e. once a portfolio has about 40 stocks, adding additional stocks will not reduce its risk by even a small amount.

Answers

An investor can eliminate almost all diversifiable risks if he or she holds a large, well-diversified portfolio of stocks.

Trading in the market is always risky as we are trading on the basis of the future. Nobody has seen nor will anyone be able to predict the future accurately. So we cannot lower the risk in the portfolio by just having a higher correlation between the stocks in a portfolio. The larger number of shares the risk will be lesser when compared.

The market risk associated with the market cannot be reduced but definitely, but the diversifiable risk can be reduced. The diversifiable risk means how risky our investment will be when we have our investment in other sectors. So it is very rare that all the sectors of an economy will fall unless there is a calamity. So the more diversified lesser will be the risk.

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Your question was incomplete. Please refer to the complete question here:

Which Of The Following Statements Is CORRECT?

A. The Higher The Correlation Between The Stocks In A Portfolio, The Lower The Risk Inherent In The Portfolio.

B. Once A Portfolio Has About 40 Stocks, Adding Additional Stocks Will Not Reduce Its Risk By Even A Small Amount.

C. An Investor Can Eliminate Virtually All Market Risk If He Or She Holds A very large and well-diversified portfolio of stocks.

D. An investor can eliminate almost all diversifiable risk if he or she holds a very large, well-diversified portfolio of stocks.

E. once a portfolio has about 40 stocks, adding additional stocks will not reduce its risk by even a small amount.

4. Explain the importance of technical vocational education​

Answers

Explanation:

VET ( it prepares people to work in various jobs)

it is important business career

help to develop new professional skills

improve your current skills

retrain for new employment

improving quality of employment

if you can plz put this answer as a brainlist answer

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