answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
1 year ago
6

How much will $100 grow to if invested at a continuously compounded interest rate of 9.25% for 9 years? (Do not round intermedia

te calculations. Round your answer to 2 decimal places.)
Business
1 answer:
Vesnalui [34]1 year ago
4 0

Answer:

It will grow to $229.91

Explanation:

Amount (A) = Pe^rt

P is the amount invested = $100

r is the rate of return = 9.25% = 9.25/100 = 0.0925

t is the duration of the investment = 9 years

A = 100e^(0.0925 × 9) = 100e^0.8325 = $229.91 (to 2 decimal places)

You might be interested in
Hardwoods, a timber supplying company, contracted with a furniture manufacturer, taylor furniture. hardwoods owned a large plot
charle [14.2K]
A. Instead of a tornado’s striking Hardwoods’ land, the state in which Hardwoods operates passes a law making it illegal for any lumber
<span>companies to cut down trees for the purposes of selling their wood. This environmental measure causes Hardwoods to go out of business.</span>
6 0
2 years ago
Khalid has just found out that his friend Jason is terminally ill.This has made him feel sad and lonely at the thought of living
Paha777 [63]

Answer:

B) Anticipatory Grief

Explanation:

As Khalid has found out that his friend Jason is terminally ill. This has made him feel sad and lonely at the thought of living life without his friend. Khalid's feelings best represent the concept of anticipatory grief which refers to the feeling of sadness and grief occurring before the actual happening of that loss. We become sad and emotional even before the actual happening of some incident. For example, when our dear friend is in hospital after a sever accident, then we start feeling this anticipatory grief that the chances are more that he will be dead soon so we feel more grief and sadness.

6 0
1 year ago
Shelby is considering whether to drop a product line from her business. Some administrative costs are being allocated to the pro
schepotkina [342]

Answer:

D. Administrative costs are always relevant.

Explanation:

As Shelby is considering whether to drop a product line from her business. Some administrative costs are always being allocated to the product line but will not change in total if Shelby decides to drop the product line. Administrative costs are always relevant.  Administrative costs can be defined as the costs and expenses which are not directly related to any specific department like sales, manufacturing or marketing etc. These are the costs which are related to the company as a whole like, salaries of employees, expenses linked withe the general services like IT and accounting etc. These costs have no linkage with the gross margin. On the other hand, we can define a relevant cost that gives us a differences between two options and alternatives and it can be avoided by choosing one option over another. Therefore, Shelly should take this fact into account because administrative costs are very much relevant and important as well in order to make this particular decision about the product line.

3 0
1 year ago
The following information pertains to Lance Company.
nalin [4]

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00  

Less: Outstanding checks  -$1,486.00

Adjusted bank balance  $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance  $10,746.00

5 0
1 year ago
Suppose you and a classmate are playing a game where your classmate proposes a division of​ $1.00. ​ Then, you either accept or
pochemuha

Answer: The correct answers are "A. Accept" and "$ 0.01".

Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:

In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.

And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.

4 0
2 years ago
Other questions:
  • Which material is a modern non-corrosive engineering material used in buildings?
    12·2 answers
  • Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not
    5·1 answer
  • Poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. The Czech Republic r
    6·1 answer
  • Rachel and Hogan have three children. To save on haircuts, Rachel cuts the three kids and Hogan's hair. Doing this saves them ab
    15·1 answer
  • Cattle House Steaks, an Alabama company, enters into a contract over the phone with Beef Packing Inc., an out-of-state corporati
    7·1 answer
  • Prometheus Corp. is a large-scale manufacturer of consumer electronic gadgets. As part of its performance management system, Pro
    10·1 answer
  • On January 1, 2017, Brooke Hanson Corporation had inventory of $50,000. At December 31, 2017, Brooke Hanson had the following ac
    5·1 answer
  • Barbara Muller Services (BMS) pays its employees monthly. The payroll information listed below is for January 2021, the first mo
    15·1 answer
  • If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and
    10·1 answer
  • According to the video, what do workers in this career cluster often do? Check all that apply. sell products entertain customers
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!