According to the rule of 72, if you deposit
$100 in an account that pays 9% compound
interest, how long will it take that initial deposit
to reach $200?

Answers

Answer 1

Answer:

Compound Interest works in a continuous pattern.

The formula is x = 100*(1.09)^y

x = the amount received after interest.

y = the number of years

x = 100*(1.09)^9

x = $217.19

It would take 9 years for the initial deposit to reach $200


Related Questions

I don’t know this…..

Answers

1. Piecework
2. Salary
3. Hourly
4. Commission

Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the period and will be used-up in future periods.

Answers

What we own are asset, adjustments ensure that asset balances are reported

What is an asset?

An asset is of worth that has economic value and future benefit.  An asset can serve as a source of income generating money for present and future endeavors.

Therefore, what we own are asset, adjustments ensure that asset balances are reported

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Is every alternative choice making can be counted upon as decision making?

Answers

.

The answer of this question is No...

Which payroll taxes are paid by the employer and have no employee paid portion.

Answers

Answer:

FUTA

Explanation:

FUTA (Federal Unemployment Tax Act) tax is an employer-only tax. Unlike Social Security and Medicare taxes, you do not withhold a portion of FUTA tax from employee wages.

The payroll taxes that are paid solely by the employer and have no employee-paid portion are federal unemployment tax and state income tax. Hence, options B and D are the correct answers.

The other options have both an employer and employee contribution:

Federal income tax: Both the employer and employee contribute to federal income tax through withholding from the employee's wages.Medicare tax: Both the employer and employee contribute to Medicare tax, with each paying an equal portion.Social security tax: Both the employer and employee contribute to Social Security tax, with each paying an equal portion.

It's important to note that tax regulations may vary by country and jurisdiction, so these responses are based on the general practices in the United States.

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Which payroll taxes are paid by the employer and have no employee paid portion? Select all that apply.

a. Federal income tax.

b. Federal unemployment tax.

c. Medicare tax.

d. State income tax.

e. Social security tax.

Text in bold or ALL CAPS in an email is
a
spam
b
flaming

c
a polite gesture
d
a banner

Answers

A text in all caps would have to mean it is a spam in order to get you’re attention they need to make the letters big

Sonia thinks she would like to work in the marketing field. Which student organization would be most likely to help her learn about these careers?
A. HOSA
B. DECA
C. SkillsUSA
D. NTHS

Answers

Answer:

B. DECA

Explanation:

DECA prepares emerging leaders and entrepreneurs in marketing, finance, hospitality and management in high schools and colleges around the globe.

deca

What is a trade balance?
A.
A method of determining which countries to trade with
B.
A method of comparing the value of currencies
C.
A comparison between a country’s imports and exports
D.
A comparison between a country’s taxes and services

Answers

Answer:

I think the answer is

Option C) A comparison between a country’s imports and exports

How did World War II impact the worldwide economy?.

Answers

World War II impacted the worldwide economy by leading to massive expansion in many areas.

As a result of the second World War, governments had to invest heavily in weapons and related industries.

This led to employment rising, and people having income to consume more things. These increased the economic production in many nations and led to an economic expansion.

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A tablet computer costs $189. 69. It is marked up 30%. What is the final price of the tablet computer after it is marked up? $56. 91 $132. 78 $219. 69 $246. 60.

Answers

The correct statement is that the final price of a tablet computer after marking up by 30 percent will be computed as $246.60. So, the correct option is D.

The calculation of such final price can be done adding the percentage of marking price to the cost price by putting the given values.

Calculation of Final Price or Selling Price

The formula for the calculation of the tablet computer's final price is shown below, along with putting the given values as,

[tex]\rm Final\ Price = Cost\ Price\ x\ [1+Marking(\%)]\\\\\rm Final\ Price = \$186.46\ x\ 1+0.30\\\\\rm Final\ Price = \$186.46\ x\ 1.30[/tex]

So, the final price will be,

[tex]\rm Final\ Price = \$246.60[/tex]

Hence, the correct option is D that the final price of a tablet computer on marking of 30 percent over a cost price of $186.46 will be $246.60

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Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?.

Answers

Consumer and producer surplus.

Work in Process consists of ______. Multiple select question. actual direct materials cost applied direct labor cost

Answers

It should be noted that Work in Process consists of :

actual direct materials costapplied manufacturing overheadactual direct labor cost

What is Work in process,?

Work in process can as well be referred to as in-process inventory which involves the partially finished goods of a company, that is not yet completed.

It consists of ;

actual direct materials costapplied manufacturing overheadactual direct labor cost

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Jose is an up and coming entrepreneur working on solidifying his business plans. After meeting with his mentor, he learns that he needs to carefully define his prospective business by creating a concise vision/mission statement that identifies the direction and objectives of his business. Why is this important for Jose to do

Answers

Answer:

This is important for Jose because as a business owner you want to know what type of business you are running

Explanation:

hope this helps :D

Creating a concise vision/mission statement that identifies the direction and objectives of his business is important for Joe as it helps identify the organization's goals and gives employees a sense of ownership and association.

What is a Business plan?

In-depth descriptions of a company's goals and methods for achieving them are included in a business plan. A business plan outlines to gain some insights into the company's operations, finances, and marketing.

A mission statement summarises how a business is doing exactly present. It is focused on achieving the key objectives that will assist the organization to achieve its future goals and is short-term in nature.

A strategic vision is used to represent the organization's desired outcome, or what it aims to become. It informs the workforce of the company's objectives and gives them the motivation to fulfill them.

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The marketing department, finance department, human resources department, and information systems department all operate at the ______ level of an organization. Multiple choice question. corporate functional director SBU

Answers

The marketing department, finance department, human resources

department all operate at the functional level of an organization.

What is Functional level?

This level determines the daily operations of the various departments in

an organization. Examples include:

StrategyMarketingFinanceHuman Resources

They are involved in execution of strategies which is why functional level

is the most appropriate choice.

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Firms that provide very different products to solve the same problem or satisfy the same basic customer need are referred to as _____ competitors.

Answers

Answer:

Indirect Competitors.

Explanation:

Indirect competitors are competitors that sell different products that compete for the same customers. i.e they target the same clients/customer in the market but offer different product or services.

What does a system at equilibrium look like at the macroscopic level?.

Answers

I don’t know the answer but just try harder

In many European nations, the title to agricultural property is not known because there are no official records indicating who has title. This detracts from the incentive to engage in economic activity. What is causing this lack of incentive?

Answers

The cause of this lack of incentive to engage in economic activity is the lack of legalized property rights.

What are property rights?

Property rights establish the resources ownership and control. Generally, legalizing property rights recognize the the rights of:

PossessionControlExclusionTo derive incomeDisposition.

Thus, having official records indicating agricultural property rights will encourage Europeans to engage in economic and agricultural activities.

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Answer: Insufficient legal system

Explanation:

If you notice that you’re spending too much in a certain budget category, what are some things you could do to fix the shortfall?.

Answers

Some of the things which a person can do to adjust his spendings on a budget are:

Reduce spending habitsMake more money to finance the new purchases.

What is a Budget?

This refers to a financial plan where a person has made different allocations as to where certain monies would go to to avoid impulse spending.

With this in mind, we can see that if a person is spending too much, in a particular category, then he would have to either reduce spending or make more money.

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iscuss the burden placed on people or organizations contacted as references for job candidates. How do organizations cope with this burden

Answers

Answer:In human resource planning, forecasting is an intermediary step

Explanation:

FALSE

The process of human resource planning consists of three stages: forecasting, goal setting and strategic planning, and program implementation and evaluation. The first step in human resource planning is forecasting

would you open a personal checking account and savings account at a commericial bank or an investment bank

Answers

Answer:

i would chose commercial bank ( personal opinion)

Help please, Reply as soon as possible !

Answers

Answer:

accounts payable

Explanation:

my mom uses it shes an accountant so it must be good

Profit is: Multiple Choice the same as cost. the same as revenue. what is left over from total revenue after all of the appropriate costs have been subtracted. what is left over from total cost after all of the appropriate revenues have been subtracted.

Answers

Profit is what is left over from total cost after all of the appropriate revenues have been subtracted.

What is profit?

Profit is total revenue less total cost. A profit is earned when total revenue is greater than total cost. If this is not the case, then there is a loss.

Profit = total revenue - total cost

For example, if total revenue is 10,000 and total cost is 2000. Profit is 10,000 - 2000 = 8000

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Mrs. Torres goes out of town on a business trip. She spends 3 nights in a hotel at a charge of $80 per night. She pays 9% tax on the room and tips the maid service 10% of the room charge. Mrs. Torres also has meals worth $109. 30 before tax and she tips 15%. If the total cost of her trip is $420. 04, approximately what tax rate does Mrs. Torres pay on her meals? a. 6% b. 7% c. 8% d. 9% Please select the best answer from the choices provided A B C D.

Answers

Answer:

the correct answer is A

Explanation

A savvy shopper combines a 25% off coupon with the store’s existing 25% off sale. Ignoring sales tax, how much of the base price should the shopper expect to pay? a. 75% b. 56. 25% c. 50% d. 43. 75%.

Answers

The percentage of the base price that the shopper expects to pay will be 56. 25%. This is calculated after giving the effect of both the discounts.

What is a percentage?

Percentage can be defined as a ratio or number that is expressed in a fraction of 100. In simple words, percentage denotes the value as the hundredth part of the other.

When a certain percentage is to be calculated of a value, the value is to be multiplied by that rate.

In the given question, the percentage of discounts is 25%.

To calculate the price the shopper expects to pay, the following calculation is required:

[tex]\rm Price \:before \:25\%\: extra\: off\: coupon = 100 - 25\%\\\\\rm Price \:before \:25\%\: extra\: off\: coupon = 75\%[/tex]

The price after the 25% off coupon will be:

[tex]\rm Price \:after\:25\%\: extra\: off\: coupon = 75 - 25\%\\\\\rm Price \:after \:25\%\: extra\: off\: coupon = 56.25\%[/tex]

Therefore the base price should the shopper expect to pay is 56.25%.

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The economies of the new western states were very different from those of the northeastern states in the mid-1800s. One major difference was that western states - Question 7 options:

Answers

One major difference between the western states and those of the northeastern states in the mid 18th century was that the western states focused on mining and agriculture.

Economic Development in the 18th Century

During the 18th century, the was a remarkable improvement in agricultural techniques which translated into better harvest. some of those techniques are:

Crop RotationUse of more advanced machinesIntroduction of new crops such as corn and potatoes.

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________ is a movement to increase the influence, power, and rights of consumers in dealing with institutions.

Answers

Consumerism is the movement to increase the influence, power, and rights of consumers in dealing with institutions that supply them with services and goods.

What is consumerism?

Consumerism is a concept that ensures that the consumption of goods and services is increased for the welfare and happiness of individuals.

Consumerism, as a social movement, ensures that consumers are protected from the excessive and exploitative tendencies of suppliers of goods and services. It maintains that goods and services should meet some requisite qualities at affordable prices.

Thus, at the heart of increasing the influence, power, and rights of consumers in dealing with institutions is consumerism.

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How to remove old addresses from your credit report?.

Answers

Answer:

You may also request that the address be removed from your credit report by disputing it with Experian. You can dispute by mail, telephone, or via the Internet. As long as the address is not associated with any of your accounts, Experian can remove it at your request.

Ozzie has a coupon for 5% off any purchase in his favorite bakery. When Ozzie stops to buy some cookies, he discovers that all cookies are on sale for 15% off the regular price. The cookies are regularly $5. 89 per dozen. If Ozzie uses his coupon and pays 7% sales tax, how much does he pay for two dozen cookies? a. $9. 42 b. $9. 51 c. $10. 08 d. $10. 18.

Answers

The Ozzie would have to pay for two dozen cookies is $10.18, if the discount coupon is 5% off.

What is the discount?

A discount is a deduction from the usual cost of something, typically given for punctual or advance payment or to a special category of buyers.

Computation of 2 dozen payments of the cookies:

Given,

Discount Coupon = 5%,

Rebate discount = 15%,

Price of cookies = $5.89/- dozen,

Sales tax rate = 7%.

According to the question,

The sale price is 85% of the original price, and

The coupon means he will pay 95% of that. The added tax causes the resulting price to be multiplied by 107%, so

Price of two dozen cookies:

[tex]\text{Price of two dozen cookies} = \rm{2\times}\text{Price of cookies}\times\text{Sale Price of Original Price}\times\text{Actual Payment percent}\times\text{Added tax percentage}\\\\\text{Price of two dozen cookies} =2\text{(\$5.89)(0.85)(0.95)(1.07)}\\\\\text{Price of two dozen cookies} =\$10.18.[/tex]

Hence, option D is correct.

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Answer:

D

Explanation:

Most people reject what they don’t understand because ______. A. It is too expensive to change b. It challenges their own ideas c. It must either be rejected or it must be accepted d. It is humiliating to try to understand something Please select the best answer from the choices provided A B C D.

Answers

Answer:

B

Explanation: Edge 2022

In a data warehouse environment, ETL refers to extraction, transformation, and language. True or False?

Answers

In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

What is ETL?

ETL means Extract, transform and load (ETL).

It is a procedure for copying data usually form one or more sources into another system.

This language is used in data environment

Therefore, In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

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Ken deposits $200 in a savings account with a 1% interest rate per year. If ken makes no other deposit in this account, approximately how much interest will he earn in 5 years?.

Answers

Based on the amount Ken deposited, the period of compounding, and the interest, the interest earned would be $10.20.

Account balance in 5 years

This can be found as:
= Amount x (1 + rate) ^ number of periods

= 200 x (1 + 1%)⁵

= $210.20

Interest earned

= Balance after 5 years - Amount invested

= 210.20 - 200

= $10.20

In conclusion, the interest was $10.20

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