FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brian invested $ 2000 in Google paying 4% interest rate a year. Using the rule 72, how long will it take to double Brians investment?

Brian invested $ 2000 in Google paying 4% interest rate a year. Using the rule 72, how long will it take to double Brians investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Public Finance A Contemporary Application of Theory to Policy

Public Finance A Contemporary Application of Theory to Policy

Authors: David N Hyman

11th edition

9781305474253, 1285173953, 1305474252, 978-1285173955

More Books

Students also viewed these Finance questions

Question

★★★★★
Marketing analysts have determined that a particular advertising campaign should make at least 20% of the adult population aware of the advertised product. After a recent campaign, 60 of 400 adults...

Answered: 1 week ago

Question

★★★★★
What contingent liabilities arise from a health care organization's relations with third-party payors?

Answered: 1 week ago

Question

★★★★★
11. The chapter says that budget deficits reduce the income of future generations, but can boost output and income during a recession. Explain how both of these statements can be true.

Answered: 1 week ago

Question

★★★★★
Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35,000 in cash, $125,000 in inventory, $70,000 in accounts receivable, and...

Answered: 1 week ago

Question

★★★★★
Brian invested $ 2000 in Google paying 4% interest rate a year. Using the rule 72, how long will it take to double Brians investment?

Answered: 1 week ago

Question

★★★★★
Which of the following is an example of a command? Please report to my office after lunch. If you complete the chart audits before noon, report to my office after lunch. Could you report to my office...

Answered: 1 week ago

Question

★★★★★
Q1. In the design of a shower head, a "flow reducer" is installed to conserve water and energy as shown in Figure 1. After installation, the flow rate, Q, is reduced by a factor of 2. Assume the...

Answered: 1 week ago

Question

★★★★★
Histogram of Wave Heights for Sheet Harbour, Halifax County 20 15- Percent 10 5 0. 0.4 0.8 1.6 2.0 2.4 Wave Height (metres) Location N Mean StDev Minimum Q1 Median Q3 Maximum Lobster Bay 319 0.4966...

Answered: 1 week ago

Question

★★★★★
2.1.35 A 1m x 1m square board is sup- ported by two strings AE and BF. The ten- sion in the string BF is 20 N. Express this tension as a vector. y E 2 m 2.5 m F 1 1 m A B plate 1 m 2 m D C x...

Answered: 1 week ago

Question

★★★★★
On January 15, 2014, Mary Barra became the chief executive officer (CEO) of General Motors, the first female CEO of a major global automaker. She is also a member of the GM board of directors....

Answered: 1 week ago

Question

★★★★★
Emily needs your help with building a display for cakes. She wants to include a small roof over the display to provide some shade and protection from the elements. She is trying out different...

Answered: 1 week ago

Question

★★★★★
LO9.3 Describe the distinctions between fixed and variable costs and among total, average, and marginal costs.

Answered: 1 week ago

Question

★★★★★
2. Distinguish among accounting profit, economic profit, and normal profit. Does accounting profit or economic profit determine how entrepreneurs allocate resources between different business...

Answered: 1 week ago

Question

★★★★★
LO9.1 Explain why economic costs include both explicit (revealed and expressed) costs and implicit (present but not obvious) costs.

Answered: 1 week ago

Previous Question Next Question