Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 14, 2021

A company invested $450,000 ten years ago in a new technology that is now worth $1,000,000.What rate of interest did the company earn on a

A company invested $450,000 ten years ago in a new technology that is now worth $1,000,000.What rate of interest did the company earn on a simple interest basis?

Step by Step Solution

★★★★★

3.34 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

R 122222year Given t 10 A1000000 P 450000 Equation r 1tAP 1 Calculation Sol... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions

Question

★★★★★

What rate of interest is required for $740.48 to earn $42.49 interest from September 10, 2015, to March 4, 2016?

Answered: 1 week ago

Question

★★★★★

What rate of interest is required for $740.48 to earn $42.49 interest from September 10, 2017, to March 4, 2018?

Answered: 1 week ago

Question

★★★★★

What rate of interest compounded quarterly will yield an effective interest rate of 7%?

Answered: 1 week ago

Question

★★★★★

To meet the demand for parking, your town has allocated the area shown here. As the town engineer, you have been asked by the town council to find out if the lot can be built for $11,000. The cost to...

Answered: 1 week ago

Question

★★★★★

Consider the cancer count data for the Bartlett Green Acres neighborhood. Between 1964 and 1984, the number of persons at risk was 2314 and the mean duration of residence was 11.5 years, yielding...

Answered: 1 week ago

Question

★★★★★

Apply Theorem 5 to find the inverse A -1 of each matrix A given in Problems 3340. 3 5 -2 3 L -5 2 -4 0 -5

Answered: 1 week ago

Question

★★★★★

2. Thats an important question, John. Maura, do you have any thoughts about how youd answer that?

Answered: 1 week ago

Question

★★★★★

Alder Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the next year. Two units of raw material are required to produce each unit of...

Answered: 1 week ago

Question

★★★★★

Problem 4-18 Applying Overhead in a Service Company (L04-2, L04-4, L04-5) Heritage Gardens provides complete garden design and landscaping services. The company uses a job order costing system to...

Answered: 1 week ago

Question

★★★★★

Required - Please submit the following two documents: 1. Using Excel, submit the following: i. ii. Calculate Rashmika's minimum net income for tax purposes in accordance with the ordering provisions...

Answered: 1 week ago

Question

★★★★★

Estimating Share Value Using the ROPI Model Following are forecasted sales, NOPAT, and NOA for Colgate-Palmolive Company for 2019 through 2022. Forecast Horizon Period Colgate Palmolive (CL) Reported...

Answered: 1 week ago

Question

★★★★★

7. The case discusses two events during the year that impacted the use of labor (and therefore the unfavorable flexible budget variance for direct labor): the 50,000 unit sales to the catalog company...

Answered: 1 week ago

Question

★★★★★

An integral component of the ability to make strategic decisions is to have an educated understanding of the environmental aspects that can impact an organization. The internal and external...

Answered: 1 week ago

Question

★★★★★

The day had gone surprisingly well considering all the activity at Central High School. Central was hosting the league track championships on the same day it was playing a baseball doubleheader...

Answered: 1 week ago

Question

★★★★★

1. Your father knows that last week you have learned jointly distributed random variables from Aybek Hoca. He has asked you to calculate certain distributions and expectations. Please let X denote...

Answered: 1 week ago

Question

★★★★★

There Were Ethical Dilemmas All Day Long," in your opinion, should a researcher conduct an ethnographic research study even if he or she acknowledges that he cannot be objective or unbiased during...

Answered: 1 week ago

Question

★★★★★

Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1. Interest is payable at the end of each year. The bonds mature at the...

Answered: 1 week ago

Question

★★★★★

Before the latest financial crisis and recession, when was the largest recession of the past 50 years, and what was the cumulative loss in output over the course of the slowdown?

Answered: 1 week ago

Question

★★★★★

Now suppose that the disturbances are not normally distributed, although is still known. Show that the limiting distribution of previous statistic is (1/J) times a chisquared variable with J degrees...

Answered: 1 week ago

Question

★★★★★

For the classical normal regression model y = X + with no constant term and K regressors, assuming that the true value of is zero, what is the exact expected value of F[K, n K] = (R2/K)/[(1 ...

Answered: 1 week ago

Question

★★★★★

Consider the two-equation system y1 = 1x1 + 1, y2 = 2x2 + 3x3 + 2. Assume that the disturbance variances and covariance are known. Now suppose that the analyst of this model applies GLS but...

Answered: 1 week ago

Question

★★★★★

Using a spreadsheet, repeat Problem 7 and create the line chart for the percent defective data.

Answered: 1 week ago

Question

★★★★★

Calculate the percentage change in utilization for the two months.

Answered: 1 week ago

Question

★★★★★

Using whatever methods you choose, find the best forecasting technique for the following data. Justify your answer.

Answered: 1 week ago

Previous Question Next Question