Answer:
The answer is 13.33%
Explanation:
Sales price of a spring break vacation package = $194.99
Amount saved for booking early = $30
The original sale price(price before the saved amount) = 224.99
Percentage decrease in price is:
Saved amount ÷ original sale price 30/224.99
=0.1333
Expressed as a percentage:
13.33%
The percent decrease in price is therefore 13.33%
All of the above all the above I've done it all
Answer:
$18,453.40
Explanation:
the easiest way to determine how much money Matt is going to save is by using the future value annuity factor. Using a future value annuity table, we must look for the value that correspond to 5% interest and 10 periods = 13.181
Now we multiply our annuity factor times the amount of money that Matt saves every 6 months = $1,400 x 13.181 = $18,453.40
When Matt graduates from college he should have saved $18,453.40.
Answer:
The correct answer is letter "D": The customer service center.
Explanation:
The customer service center is a web attractor that allows customers to self-assist in basic operations or by accessing basic data of their own. Balances, statements, payment history, and recent transactions are among the information consumers can access to in a blink of an eye thanks to this online data feed. In case a piece of information is unclear, this feed usually has direct access to reach a customer service representative for an explanation.
Answer:
Nominal rate of return= 10.96%
Explanation:
Inflation is the increase in the price level.It erodes the value of money.rise in the price of money
<em>Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation. </em>
<em>Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.
</em>
The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;
N = ( (1+R) × (1+F)) - 1
N- nominal rate, R-real rate, F- inflation
Nominal rate of return =(1.038)× (1.069) - 1 = 0.109622
Nominal rate of return = 0.109622
× 100 = 10.96%
Nominal rate of return= 10.96%
