QUESTION 17 At what annual interest rate will $1,000 invested today be worth $2,000 in 10 years? (Choose the closest answer) 6.5% 7.2% 9.3% 5.8%

Answers

Answer 1

The annual interest rate at which $1,000 invested today will be worth $2,000 in 10 years is approximately 7.2%. Option 7.2% is the correct answer.

To know the annual interest rate at which $1,000 invested today will be worth $2,000 in 10 years, the compounding interest formula is used. P = $1,000 (present value) i = annual interest rate (unknown)

T = 10 (time in years)

F = $2,000 (future value)

Thus, the formula is: F = P(1 + i)T

Putting in the values, we have:$2,000 = $1,000 (1 + i)¹º

Now solving for i:$2,000/$1,000 = (1 + i)¹º2 = (1 + i)¹º

Take the 10th root of both sides to get:1.07177346 = 1 + i

Subtract 1 from both sides to find i:i = 1.07177346 – 1i = 0.07177346 (rounded to 8 decimal places)

Converting to a percentage gives the answer in per cent: 7.18% (rounded to 2 decimal places).

Therefore, the closest answer is 7.2%.

The annual interest rate at which $1,000 invested today will be worth $2,000 in 10 years is approximately 7.2%.

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Related Questions

Describe the characteristics of three technology-based business models.

Answers

Answer:1. The value is created using digital technologies

2. Digital business models are new to the market

3. Digital customer acquisition and distribution

4. USP is created digitally

Explanation:

Guess thy song cuz ion know



Dead to me

Even if you're still alive

It's a mess to me, so rest in peace

You're dead to me

Left me here with nothing, took the best of me

Left my destiny

Six feet under the ground, you turned it around on me

And left me with the cold pillow on your side

No phone call, didn't write

Wrong place, wrong time, let it die

Told my friends wouldn't let it get to me

Now it's pressin' on me

When I open my phone

Go to camera roll, scroll, scroll, scroll

Somebody that I used to know is dead to me

Think less of me, you're dead to me

I don't want anything to do with you

I'm through with you

You're dead to me, and I'm dead to you

Answers

Answer:

Dead to me I dont know who sang it

Explanation:

If your role in a group is to increase the team’s efficiency, you are probably the ______. a. planner b. manager c. facilitator d. functionary please select the best answer from the choices provided a b c d

Answers

If your role in a group is to increase the team’s efficiency, you are probably the facilitator.

The role of facilitator is to plan, manage and guide the group in order to achieve the goal successfully.

A facilitator will make suggestions and encourage the other members to come up with new ideas that can be efficient in solving the problems.

Using different learning techniques, and making sure that the group works together, you can achieve the highest efficiency level of the team.

To become a good facilitator, you must understand the details of the event and the group's desired outcome.

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Regina, Brock, and Sean are website designers who have been tasked to create a new website together.

This is an example of:
alliance
collaboration
punctuality
relationship

Answers

Answer:

B: Collaboration

Explanation:

I took the test

Answer:

B: Collaboration

Explanation:

I took the test

Securities firms assist with IPOs in the ____ market and the trades among investors of existing stocks in the ____ market.
a. primary; primary
b. secondary; primary
c. primary; secondary
d. secondary; secondary
e. primary or secondary; primary or secondary

Answers

Securities firms assist with IPOs in the primary market and the trades among investors of existing stocks in the secondary market. Option C is the correct answer.

Many ordinary investors put their confidence in big securities firms or investment brokers with their money. Thousands of people frequently work for large brokerage businesses. Investors may feel certain that their assets are being managed by a seasoned team of specialists when dealing with well-known organizations. Option C is the correct answer.

In a securities firms, the sales department often has the largest workforce. Additionally, it is where retail investors who work alone most frequently engage. Investment advisers may concentrate on serving a particular segment of the investment business within the retail sales force. The stock trading division carries out orders from the institutional and retail sales teams. The company's trading business may also be divided into sections focused on various specialty instruments. Option C is the correct answer.

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which is greater: 1 hour or 60 minutes?

Answers

Answer:

they are equal

Explanation:

60 minutes is the same as an hour

Price ceilings are intended to address the problem of:.

Answers

Answer:

An attempt to keep prices low/from reaching equilibrium

Explanation:

A price ceiling does as the name suggests, sets a max price for a product. It is done in order to keep prices low. Effective price ceiling's will cause a shortage, as it prevents equilibrium.

Question 1 of 10
An investment that you bought for
profit
and sold for
made a

500;600
500;400
600;400
600;500

Answers

Answer:

500;600

an investment

If a bank sells off all of its assets and pays all of its liabilities, the amount remaining would be its:
a. net profit.
b. reserves.
c. net worth.
d. excess reserves.

Answers

If a bank sells off all of its assets and pays all of its liabilities, the amount remaining would be its net worth. Thus, the correct answer is option C.

Net worth is the value of a person's or corporation's assets less the obligations they owe. It is a key indicator for assessing a company's health because it provides a valuable snapshot of the company's present financial state.

Net value is determined by deducting all liabilities from all assets. Net worth can be positive or negative, with the former indicating that assets outweigh obligations and the latter indicating that liabilities exceed assets. Positive net worth that is increasing implies healthy financial health. Declining net worth, on the other hand, is cause for concern because it may indicate a reduction in assets relative to liabilities.

Therefore, the ideal selection is option C.

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All of the following statements are true about non-contributory defined benefit retirement plans EXCEPT: A contribution amounts vary based upon the age of the person covered under the plan B larger contributions are made for older plan participants nearing retirement than for younger ones C once benefit payments start, the amount of the benefit is fixed D contribution amounts remain fixed based regardless of age Review

Answers

Answer: D. contribution amounts remain fixed based regardless of age

Explanation:

The statements that are true about non-contributory defined benefit retirement plans include:

• contribution amounts vary based upon the age of the person covered under the plan.

• larger contributions are made for older plan participants nearing retirement than for younger ones.

• once benefit payments start, the amount of the benefit is fixed.

It should be noted that in a defined benefit retirement plan, there is variation in the contribution amounts which depends on the individual's age that's covered under the plan. Therefore, the statement that "contribution amounts remain fixed based regardless of age" is incorrect.

Vera selects standard shipping and the company bills her credit card $20. 78 for the total of the online purchase. Determine if vera has been billed correctly for her purchase. A. Vera has been billed correctly. B. Vera has not been charged enough for her purchase. C. Vera has been over charged by $1. 13 for her purchase. D. Vera has been over charged by $3. 50 for her purchase.

Answers

Vera has been overcharged by $1.13 for her purchase.To determine if Vera has been billed correctly for her purchase, we need to compare the amount billed to her credit card with the total of her online purchase.

In this case, Vera's credit card was billed $20.78. To find the total of her online purchase, we need to subtract any additional charges for shipping or taxes.If we assume that there are no additional charges, the total of Vera's online purchase should be equal to the amount billed to her credit card.

However, the correct answer is C. Vera has been overcharged by $1.13 for her purchase. This means that the amount billed to her credit card is higher than the total of her online purchase. To calculate the overcharge, we can subtract the total of her online purchase from the amount billed to her credit card:$20.78 - $19.65 = $1.13Therefore, Vera has been overcharged by $1.13 for her purchase.

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When a calendar is made public, then anybody with the calendar's URL can: A. Modify the calendar. B. Delete the calendar. C. Change the calendar. D.View the calendar. E. Edit the calendar.

Answers

D: view the calendar

A calendar is made public, then anybody with the calendar's URL can View the calendar. The correct option is (D).

What do you understand by the calendar?

A calendar is a diagram or object that shows the date, the day of the week, and frequently the entire year, broken down into months, weeks, and days.

An electronic calendar establishing reminders and notifications for significant events. setting aside time so that you can work uninterruptedly on important things. connecting to other mobile devices so you can always easily access your calendar.

Calendars are practical tools for remembering impending appointments, due dates, and achievements. They can assist you in seeing your schedule clearly and serve as a reminder of significant occasions, including work holidays and vacation days.

Therefore, a calendar is made public, then anybody with the calendar's URL can View the calendar.

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The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.

T or F

Answers

f........................,......

Jackson and ashley turner (both 45 years old) are married and want to contribute to a roth ira for ashley. in 2011, their agi is $177,500. jackson and ashley each earned half of the income.
a. how much can ashley contribute to her roth ira if they file a joint return
contribution to roth ira $

Answers

Ashley Turner would do a maximum contribution to IRA that will be -600.

It is given that the maximum contribution to ROTH IRA is 6000 for the people that are under the age of 50 years

We have,

\(209,000 - \frac{198000}{10000} \times 6000\)

= 6600

Then the contribution to the IRA is:

6000 - 6600 = -600

You can save money tax-advantageously for retirement by opening an individual retirement account (IRA). An individual can save for retirement with tax-free growth or on a tax-deferred basis by opening an IRA at a financial institution. Even when you are unable to make contributions, your account might still grow. You acquire interest, which is added to your account balance, and you subsequently acquire interest on the interest, and so on. Because of the wonders of compound interest, the growth that your account creates can rise annually.

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in which the development of the factory system and the development of new transportation infrastructure such as railways worked together as factors facilitating british industrialization?

Answers

The factory system made it easier to produce goods more quickly and in greater volume, while new transportation infrastructure, like railways, improved transportation, thus allowing easier access to goods and materials.

The development of the factory system and the development of new transportation infrastructure such as railways were two important factors in facilitating British industrialization. The factory system, which replaced the outdated and inefficient craft workshops, enabled production to take place on a much larger scale, with fewer people and at a much lower cost. At the same time, the construction of railways allowed for goods and services to be transported faster and cheaper than ever before. This allowed for an increase in the number of factories, in the speed of production, and in the ability to meet increased demand for goods. Together, these two factors greatly contributed to the growth of industry in Britain.

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Why is money management important? How would you rate your own money management?

Answers

Answer:

because it has money

Explanation:

Answer:

Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.

Explanation:

Enter Mia’s total profit/loss for the month may account in the box below

Enter Mias total profit/loss for the month may account in the box below

Answers

To find the total profit or loss for the month:

Add total fixed and total variable expenses to get total expense.



9,000 + 300 = 9,300

Total expense = 9,300

To get total profit/loss, less total expenses from total revenue.

Total revenue = 9,500

9,500 - 9,300 = 200

Total profit/loss = $200

Out of the choices provided above, it can be concluded to state that the total accounting profits for Mel for the month of May as per the financial statements given above will amount to a total of $200. Therefore, the option D holds true.

What is the significance of accounting profits?

The accounting profits can be referred to or considered as the profits that lead to a total of surpluses of cash balances and reserves for a particular accounting period. If the amount is not in excess of the expenses, it expresses a condition of an accounting loss for the firm.

In the situation given above, Mel's revenues were $9500, but her expenses were $9000 fixed and $300 variable. So, the accounting profits will be $200, i.e., $9500-($9000+$300)

Therefore, the option D holds true and states regarding the significance of accounting profits.

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The missing options are added below for better reference.

A. -$200

b. $300

c. $500

d. $200

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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An analysis of Thrift Corp.'s unadjusted prepaid expense account at December 31, Year 4, revealed the following: Thrift had an opening balance of $1,500 for its comprehensive insurance policy. Thrift had paid an annual premium of $3,000 on July 1, Year 3. A $3,200 annual insurance premium payment made July 1 , Year 4 was unadjusted. A $2,000 advance rental payment for a warehouse Thrift leased for one year beginning January 1 , Year 5 was included. In its December 31, Year 4, Balance Sheet, what amount should Thrift report as prepaid expenses? $2,000$3,600$5,200$1,600​

Answers

The total prepaid expenses of Thrift Corp. at December 31, Year 4 is:Prepaid Insurance = $3,200Opening Balance = $1,500 - $1,500 = $0Prepaid Rent = $0Total Prepaid Expenses = $3,200 + $0 + $0 = $3,200.Hence, the amount that Thrift Corp. should report as prepaid expenses on its December 31, Year 4, balance sheet is $3,200.

The amount that Thrift Corp. should report as prepaid expenses on its December 31, Year 4, balance sheet is $3,600.Analysis of Thrift Corp.'s unadjusted prepaid expense account at December 31, Year 4:Opening balance for comprehensive insurance policy = $1,500Premium paid on July 1, Year 3 = $3,000 Unadjusted insurance premium payment made on July 1, Year 4 = $3,200Advance rental payment for warehouse leased for 1 year beginning January 1, Year 5 = $2,000Calculation of Prepaid Expenses.

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Need Help ASAP

How do you demonstrate independence and initiative in your daily life? Discuss examples. Write 4 sentences. First, define the terms: independence & initiative. Then give me examples of each.

Will give brainly.

Answers

Answer:

I. Never stand still

2. Do more than is Required of you

3. Think as a team Member, Not an Employee

4 Speak up and share your ideas

5 Fake it till you make it

6. Consider every opportunity

7. Always be prepared

8. Be Self-Pronotional

Explanation:

Hope this helps! Tell me if I'm wrong. If thai Helps Give me brainly.

This picture clicked by me
How's it​

This picture clicked by meHow's it

Answers

Answer:

This is absolutely stunning.

Explanation:

I love photography too so this really strikes me. It's well taken, love the softness of it and the clarity of the water. Good job! I'm gonna take a screenshot if you don't mind

What did you take it with?

Explain what a trade war is

Answers

Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.

Explanation:

Why has FDI increased in developing countries?

Answers

The low labor and production costs in the country of destination are the key drivers of foreign direct investments. FDI is essential for economic expansion.

A target country's economic development can be boosted by FDI, which can also improve business conditions, attract investors, and boost the local economy and community. Foreign direct investments (FDI) are capital inflows into an economy from another nation with the goal of acquiring a long-term management stake in the company, other than the investor's. It is the total of the balance of payments' representations of capital reserves, earnings reinvested, other long-term assets, and short capital.

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How education is medium to enhance the ability of human beings?​

Answers

For the sake of argument let’s consider education to be defined as the act of schooling and subsequent intellectual upbringing (which obviously varies but let’s consider it as true)

The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.

Please help. Calculate weekly labour cost!. Easy

Please help. Calculate weekly labour cost!. Easy

Answers

Weekly labor cost per unit = total weekly labor cost/ total units


60,000. / 2000 = 30


Answer: £ 30 per unit

In “The Good” interview, what question did John ask when given the opportunity?
Responses

Will I receive any vacation time?
Will I receive any vacation time?

What is the worst thing about this job?
What is the worst thing about this job?

What is the best thing about this job?
What is the best thing about this job?

How are the company culture and office atmosphere?
How are the company culture and office atmosphere?

Answers

Option D is correct. In “The Good” interview John asked about the company culture and office atmosphere.

Understanding the differences between situational, competency-based, and behavioural inquiries. This table delineates the three different sorts of interview questions you can face and explains why they are asked in order to keep things as simple as possible to begin with.

What are the 3 parts of a good interview?

Three components make up an interview:

Welcome the candidate to the interview, introducing yourself, and describing the interview's goals and format. The interview's main body. Asking questions and letting the candidate respond is the fact-finding phase. Interviewing is over.

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hurry please!!!giving brainliest!

hurry please!!!giving brainliest!

Answers

A. Slower than average

Answer:

A

Explanation:

All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group of answer choices The frequency of premium payments can be changed. Policy loans are permitted on an interest-free basis. The death benefit can be increased with evidence of insurability. Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.

Answers

Answer:

Policy loans are permitted on an interest-free basis.

Explanation:

The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person

So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest

which best deceived the nature of cause and effect in the context of the business cycle?

A. Each effect has other effects
B. Causes and effects cannot be easily defined
C. A cause has multiple independent effects
D. Each effect has a cause

Answers

The option that best describes the nature of the cause and effect in the context of the business cycle is A. Each effect has other effects.
All markets economies go through periods when consumption-spending on goods and services rises. Consumers buy more, companies invest more, and production, income, profit and employment increase. These periods are always followed by periods when investment and spending fall, and unemployment rises. This is the business cycle.

Scenario
The management of a University operating in Guyana is considering the implementation of a Mobile Student Information System to replace its existing management system which is not available on mobile devices. This proposed system will be entirely accessible to staff and students via smartphones and similar mobile devices. This system facilitate all aspects of students’ engagement with the university – from application to graduation.
1. The University is considering the use of an existing Cloud Computing provider to host its Mobile Learning Management system instead of hosting the system in-house. Offer a THREE-POINT argument for OR against using this approach. To provide a strong argument, each of the THREE points must have a for and against component i.e. if you are arguing for, you must consider why you are not taking up the alternative i.e. the against position. Your argument must consider the context in which the University if operating.

Answers

The implementation of a Mobile Student Information System by a University operating in Guyana has raised the question of whether to use an existing Cloud Computing provider to host its Mobile Learning Management system instead of hosting the system in-house.

The cost of deploying an in-house system is high compared to the low cost of using an existing Cloud Computing provider. The University can save costs by using the Cloud Computing provider because they offer lower setup and maintenance costs. This is an advantage because the University has a budget constraint, and the cost-effectiveness of the project is of utmost importance. Expertise If the University decides to implement an in-house Mobile Learning Management system, they must have the skills and knowledge to install and maintain it. Hiring an IT team to implement and maintain the system is expensive and time-consuming. On the other hand, using an existing Cloud Computing provider saves time and resources as it offers expert services, including managing and maintaining the system. Scalability The system's capacity to handle increasing demands from staff and students must be considered. In-house systems have limits to the number of users they can handle. With a Cloud Computing provider, it is easy to scale the system to meet the demands of a growing student population.

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