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

Molar mass is measured in units of a. amu. b. milliliters. c. milligrams. d. grams/mole.
A background feature called _____ allows you to move the background from the slide border in varying distances by a percentage.
Endocrine disruptors are best described as _______. a. highly toxic pesticides b. hormone mimics c. plastics precursors d. industrial byproducts
The central theme of the poem "The Lamb," by William Blake, is that a. humanity cannot know the origins of creatures. b. childlike innocence brings people clo
Give two examples of spreadsheet software
It is important not to mix R-22 and R-410A refrigerants in the same container because: a. the mixture may be impossible to reclaim. b. the mixture will explod
_____ help fertilize the soil by shedding digestive material
What is internal financing?
What is the stage in a business cycle called when real GDP stops falling? a. an expansion b. a contraction c. a trough d. a peak
In a marketing context, a message refers to a. product information regarding, benefits, price, and usage found on a product’s package. b. the slogan or taglin