If you earn 10% per year on your bank account, how long will it take an account with $105 to double to $210? Do not round intermediate celculations. Round your answer to 2 decimal places.) Number of years .
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Ответ:
n= 7.27 years
Explanation:
Giving the following information:
Interest rate= 10%
Future value (FV)= $210
Present value (PV)= $105
To calculate the number of years to double the investment, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(210/105) / ln(1.1)
n= 7.27 years
Ответ:
Explanation:
3. Trade Business ... including any and all business that buy from others companies to sell to the public.
4. Extraction business ... as they extract materials from the earth so that manufacturers can create valuable products for customers.
5. nonprofit corporation ... these corporations are legal entities which do not operate as a business and usually make all of their money through donations and grants to use for the benefit of the public, but can also sell goods and services for money.
6. franchise. ... there are many examples of franchises such as McDonalds, Target, Walmart etc. All of which sell the rights to individuals to operate under the franchises name.
7. retailer ... in other words these are the final stores where customers ultimately purchase the product. This can either be a brick and mortar store or an online shop.