Which descriptions about simple interest and yearly compounded interest are true? Check all that apply.
1 answer:
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Explanation:
The answer to this question is contained in the attachment. The graph has been used to explain the solution.
A. As license got suspended price rose to p1 as quantity fell from q to q1.
So quantity decreased and price rose.
B. The area market csps, D ands cs were consumer surpluses , after the decrease in amount of vaccines in the market, consumer surplus decreased to area cs, csps became part of producer surplus. Triangle d is the deadweight loss caused by fall in quantity.
Ps and d' are initial producer surplus. Producer surplus after decrease in vaccine can be seen in ps and csps. D' is the dead weight loss as price decreases.
The formula for future value of annuity that exists future value of annuity = P × .
Save each year to reach their goal exists $2152.48
Save each year to reach their new goal exists $2869.97
<h3>What is meant by future value of annuity?</h3>The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, or discount rate, is the future value of an annuity. The future value of the annuity increases with the discount rate.
Given: amount saved = 120,000
Rate of Interest earned = 12.0 %
time = 18th birthday
Where, annual savings = P
The formula for future value of annuity that exists future value of annuity = P × ................(1)
where r exists rate and n exists a time period
put her value
$ 120,000 = P ×
= $ 2152.48
Save each year to reach their goal exists $ 2152.48 and for $ 160,000 on 18 th Birthday
we consider here annual savings = P
From (1),
Future value of annuity = P ×
$ 160,000 = P ×
P = $2869.97
Therefore, Save each year to reach their goal exists $2152.48
save each year to reach their new goal is $2869.97
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