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lakkis [162]
2 years ago
14

Xavier and alex plan on retiring 27 years from today. at that time, they plan to have saved the same amount. javier is depositin

g $15,000 today at an annual interest rate of 5.2 percent. how will alex's deposit amount vary from javier's if alex also makes a deposit today, but earns an annual interest rate of 6.2 percent
Business
1 answer:
hammer [34]2 years ago
3 0

The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.

<h3>How to calculate the value?</h3>

We use the formula:

A=P(1+r/100)^n

where

  • A=future value
  • P=present value
  • r=rate of interest
  • n=time period.

Hence future value Javier will be:

=$15000*(1.052)^27

=$58,954.40

For Alex:

58,954.40=P*(1.062)^27

P=58,954.40/(1.062)^27

=$11618.61

Hence difference will be:

=15000 - 11618.61

= $3381.39

Learn more about interest on:

brainly.com/question/2294792

#SPJ1

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alina1380 [7]

Answer:

d. distributive.

Explanation:

Gloria feels she is not treated fair in terms of pay she receives. She believes that there is injustice and unfairness in provision of salary. This is referred to as distributive injustice. Gloria is believes that she is facing distributive injustice so she is angry and is wasting time during office work. She is not motivated towards her work. She is demotivated and feels lazy because she feels there is unfairness in distribution of salary payment.

3 0
3 years ago
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A. In an AE model with MPC = 0.80, the government increases spending by $100 million. What will be the increase in equilibrium Y
Nataly [62]

Answer:

increase in equilibrium Y in the Keynesian AE model = 500

Explanation:

Formula AE Model = ΔY = 1/1-C * ΔG

Where ΔY = Change in National Income

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ΔY = 1/1-0.8*100 = 1/0.2*100 = 5*100 = 500

6 0
4 years ago
What was Cody’s gross pay
AveGali [126]

We know he is paid $4,200, and we also know he makes 2% on everything over $50,000. He made $60,000 which is $10,000 over the minimum, so he made 2% of $10,000. Multiply 0.02 times 10,000 and you get 200. We then add 200 to his base pay of 4,200 and we get 4,400.

The answer is B- $4,400.

Hope that helps!

7 0
3 years ago
Nothing nothing nothing
Bingel [31]

Answer:

woah nothing indeed lol

7 0
3 years ago
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Buffalo Inc reported sales revenue for 2017 and $906,000 their products are sold within nine months warranty .Members of Buffalo
erma4kov [3.2K]

Answer: Debit to warranty payable the actual amount paid out as a result of warranty claims

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In recording a warranty payable, a debit is made to warranty expenses account and a credit to warranty payable account.

When the actual warranty claim is paid, the warranty payable account is debited while cash or bank account is credited to record the actual amount paid.

5 0
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