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Author Question: At 15 interest compounded annually, approximately how long will it take Walter to double his money? ... (Read 107 times)

saliriagwu

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on: Jul 10, 2018
At 15 interest compounded annually, approximately how long will it take Walter to double his money?
 
  A) About five years
  B) About three years
  C) About seven years
  D) About fifteen years
  E) About fifty years

Question 2

Which of the following would be an example of the transactions motive for a firm holding cash
  balances?
 
  A) take advantage of an anticipated decline in the price of raw materials
  B) purchase of inventory
  C) anticipating a downturn in the economy
  D) investing excess cash balances


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mjbamaung

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

B


saliriagwu

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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