drzewostan8792 drzewostan8792
  • 01-08-2017
  • Business
contestada

The doubling time of the balance for a money market certificate of deposit (cd) is 25 years. by what factor does it grow in 40 years?

Respuesta :

peterdaly
peterdaly peterdaly
  • 07-08-2017
If the balance in a money market certificate of deposit doubles in 25 years then it has grown by 200%. For 40 years, that is 15 years more than the 25 so 15/25=0.6 x 200=120 %. Then a  weighted average of 25 x 200 and 15 x 120 gives 170% average growth. 
Answer Link

Otras preguntas

Age differences in __________ memory are much smaller than in __________ memory. explicit; implicit episodic; semantic implicit; explicit associative; implicit
Al works for a company that books vacation rentals. He is a competitive person, so he needs to feel like he can bring in more customers and book more rentals th
what are the x- intercepts of the function f(x)= -2x-3+20?
Q14SIMPLIFY THE EXPRESSION 6ab of2adivided by12x12ab+14a-a
Help!! Picture included
A college with a graduating class of 4000 students in the year 2010 predicts that its graduating class will grow 5% per year. Using an exponential function to m
Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting
A rectangle and a square have the same perimeter, the rectangle with a length 8cm has an area of 32cm.find the length of each side of the square​
All of the following are true about a corporation except: multiple choice a corporation is separate from its owners. a corporation issues bond certificates to i
Plz help me I don’t understand