How long does it take for an initial deposit

Assignment Help Accounting Basics
Reference no: EM133036076

Question - At an annual compounding interest rate of 10% how long does it take for an initial deposit of $100.00 to double in value?

a. 5 years

b. 7.27 years

c. 6.94 years

d. 10 years

Reference no: EM133036076

Questions Cloud

Calculate the labor rate and the labor efficiency variance : In July, the company produced 78 refrigeration units and incurred 2,000 labor hours at a cost of $64,000. Calculate labor rate and labor efficiency variance
How do governments intervene trade : How do governments intervene trade with the help of non-tariff barriers? Explain.
Determining the managerial communication : Module 2 or Chapter 2: In this assignment, you will develop a way to review world events in such a way that you get "the whole picture."
Employee workplace performance and productivity : How does training effectiveness impact employee workplace performance and productivity?
How long does it take for an initial deposit : Question - At an annual compounding interest rate of 10% how long does it take for an initial deposit of $100.00 to double in value
Consumer behaviour on evaluation criteria : A survey in finding out consumer behaviour on evaluation criteria?
Distinguish and survey the target market : Distinguish and survey the target market to clarify user needs and preference and Design and present a business solution that meets the objectives
Developing a fast-growing startup e-commerce presence : Imagine that you are in charge of developing a fast-growing startup's e-commerce presence. Consider your options for building the company's e-commerce presence
Compute the employer payroll tax expense : In March, the gross earnings of a Real Estate Company totaled $230,000. Compute the employer's payroll tax expense

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe the differences between stock dividends and stock

describe the differences between stock dividends and stock splits and the accounting differences. as a stockholder

  If fifo is in use what is the ending inventory in dollars

If weighted average is in use, what is the ending inventory in dollars? If FIFO is in use, what is the ending inventory in dollars?

  How many kilograms of direct material should be purchased

If the 30 June inventory of materials was 5000 kg, how many kilograms of direct material should be purchased during July

  What language is used to access data from a relational

What language is used to access data from a relational database? Why is the language advantageous when accessing data?

  A machine costs 400000 and is expected to yield an

a machine costs 400000 and is expected to yield an after-tax net income of 9000 each year. management predicts this

  What are some fringe benefits that receive at job

What is the definition of fringe benefits? What are some fringe benefits that you receive at your job? Can fringe benefits be industry specific?

  Prepare the entries required on march

On January 1, 2020, Swifty Corporation issued 8% bonds with a par value of $4,520,000, due in 10 years. Prepare the entries required on March

  Instructions a compute the materials price and quantity

the standard cost of item 285 manufactured by lemon company includes 3 pounds of direct materials at 6.00 per pound.

  Jeremy earned 100000 in salary and 6000 in interest income

jeremy earned 100000 in salary and 6000 in interest income during the year. jeremy has two qualifying dependent

  How many units must the company sell to beak even

Korosa and Delancey's selling price is $32 per unit for the universal gismo, How many units must the company sell to beak even if Model A is selected

  The payment of interest and the discount amortization

The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

  What is the Elmer company com positive contribution margin

Elmer company seems 200 Rick dolls with contribution margin of $50/per unit. What is the Elmer company's com positive contribution margin per unit

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd