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2 years ago

You have $55,000 in a savings account that pays 2% interest per year.

Business

1 answer:

blondinia [14]2 years ago

6 0

Answer:

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

Explanation:

In a savings account, amount $55,000 which pays 2% interest each year and the rate of inflation is 3.24% gives,

1.The interest make in a year is $1100

2. Spending power need to make to keep up with inflation in that year is $1782.

3. Buying power lose in that year because of inflation is $682

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

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What information is the buyer entitled to?

erastovalidia [21]

Answer:

notbuiseness

Explanation:

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2 years ago

When putting together your personal budget, you find that your budget has a deficit. Which is the BEST way to balance your budge

ki77a [65]

Answer:

The correct answer is letter "C": Cut your expenses by an amount greater than your deficit.

Explanation:

In case there is a deficit in your budget, it means your expenses are higher than your net income. An adjustment must be made in such circumstances. To bring back the balance in your budget, <em>you should cut your expenses by an amount higher than the amount of the deficit</em>. Otherwise, you could increase your income but keeping your expenses at the same level.

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3 years ago

How many years would it take an amount of money to double if it is invested at a rate of 8% compounded continuously

trapecia [35]

Answer:nine years

Explanation:The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

5 0

2 years ago

Western Electric has 23,000 shares of common stock outstanding at a price per share of $57 and a rate of return of 14.2 percent.

Over [174]

Answer:

The firm's weighted average cost of capital if the tax rate is 34 percent is 12.69%

Explanation:

total assets = common stock value + preferred stock value + debt

= 23000*57 + 6000*48 + 350000*102%

= 1956000

WACC

= (common stock value/total assets) * common stock rate of return

+ (preferred stock value/total assets) * preferred stock rate of return

+ (debt value/total assets) * yield to maturity of debt * (1-tax rate)

= (1311000/1956000)*14.2% + (288000/1956000)*7% + (357000/1956000)*8.49*(1 - 34%)

= 12.69%

Therefore, The firm's weighted average cost of capital if the tax rate is 34 percent is 12.69%

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3 years ago

The 1974-1975 recession was a result of a: ANSWER Unselected supply shock that caused a leftward shift of the short-run aggregat

Ganezh [65]

Answer: supply shock that caused a leftward shift of the short-run aggregate supply curve

Explanation:

One of the main causes of the 1974 - 1975 recessions was the raising of oil prices and then the subsequent oil embargo on the United States by Arab members of the Organization of the Petroleum Exporting Countries(OPEC).

OPEC did not like the support that the United States was giving Israel and so placed an embargo on the U.S. such that the U.S. could no longer get much oil from the Middle East which she heavily relied upon.

This reduced the supply of oil drastically to the U.S. and resulted in a supply shock that shifted the short run aggregate supply curve to the left to reflect the fuel scarcity and the effect it had on the economy as production slowed down.

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2 years ago