A company invested $450,000 ten years ago in a new technology that is now worth $1,000,000.What rate

Fantastic news! We've Found the answer you've been seeking!

Question:

A company invested $450,000 ten years ago in a new technology that is now worth $1,000,000.What rate of interest did the company earn on a simple interest basis?

Posted Date: Sep 14, 2021 10:34 AM

See More Questions

What rate of interest is required for $740.48 to earn $42.49 interest from September 10, 2015, to March 4, 2016?
What rate of interest is required for $740.48 to earn $42.49 interest from September 10, 2017, to March 4, 2018?
What rate of interest compounded quarterly will yield an effective interest rate of 7%?
To meet the demand for parking, your town has allocated the area shown here. As the town engineer, you have been asked by the town council to find out if the lot can be built for $11,000. The cost to...
The Hammaker Companys newest product has had the following sales during its first five months: 5 17 29 41 39. The sales manager now wants a forecast of sales in the next month. (Use hand calculations...
Find the input admittance of the two-port in figure in terms of the Y parameters and the load VL. Two-port YL Yin parameters known
All of the following would be considered a company with high operating leverage, except a(n) a. airline company. b. t-shirt kiosk in a mall. c. hotel chain. d. amusement park.
Select the best answer 1. The federal governments annual nancial statements are issued by a. The Department of the Treasury b. The Ofce of Management and Budget c. The Department of Commerce d. The...
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
Given two arrays each of length n, arr1, and arr2, in one operation, any two elements of an array can be swapped. This can occur any number of times. Find the maximum possible sum of i*(arr2[1]-...
In September 2022, Apple unveiled a new iPhone model, of which Jimin purchased the iPhone 14 Pro Max 512GB Silver model at RM7,299.00. After a week, Jimin decided to sell the iPhone to obtain the...
1. Write the following using summation convention: (a) (x) + (x) + (x) (b) (x) + (x) + (x) + (c) af dx' af dx dx dt + df dr dx dt EXERCISE 49.1 +..... + af dx" dx" dt Mathematical Physics Ans. A = ' ...
Question 3. A fourth 1kg-magnet, which moves on leftward direction is put on the track between the 10 kg and 3kg magnets. (S pole of 10 kg magnet faces to N pole of 1kg magnet). If the velocity of...
As discussed in class, it has been suggested that Helen of Troy, Ltd. is somewhat "aggressive" regarding the capitalization of certain costs. In particular, Helen of Troy indicates that "General and...
Draw the layout of connecting printer for the following environments, i. Iv. Office Home Shop Small Internet Center.
(A) Consider any Mercer kernel defined by k(r.) = o(r) (2). o(r) (2). We are given a sample S = (21.22.) of n inputs. We can form the Kernel (Gram) matrix K as an n x n matrix of kernel evaluations...
NUMBER 4 Find the rank. Find a basis for the row space. Find a basis for the column space. Hint. Row-reduce the matrix and its transpose. (You may omit obvious factors from the vectors of these...
Before the latest financial crisis and recession, when was the largest recession of the past 50 years, and what was the cumulative loss in output over the course of the slowdown?
We define the even and odd parts of a sequence $x(n), \mathcal{E}\{x(n)\}$ and $\mathcal{O}\{x(n)\}$ respectively, as \[\begin{aligned}\mathcal{E}\{x(n)\} & =\frac{x(n)+x(-n)}{2}...
Find one solution for each of the difference equations below: (a) $y(n)+2 y(n-1)+y(n-2)=0, y(0)=1$ and $y(1)=0$ (b) $y(n)+y(n-1)+2 y(n-2)=0, y(-1)=1$ and $y(0)=1$.
Determine the solutions of the difference equations below, supposing that the systems they represent are initially relaxed: (a) \(y(n)-\frac{1}{\sqrt{2}} y(n-1)+y(n-2)=2^{-n} \sin \left(\frac{\pi}{4}...

A company invested $450,000 ten years ago in a new technology that is now worth $1,000,000.What rate

Question:

Expert Answer:

R 122222year Given t 10 A1000000 P 450000 Equation r 1tAP 1 Calculation Sol... View the full answer

Students also viewed these economics questions