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ANEK [815]
1 year ago
5

darcy spends 5000 in bank account that does not earn any interest every week sha withdraws 10 percent of the money in the accoun

t for spending the the nearest cent how much has she withdrawn in total after 8 weeks
Business
1 answer:
vichka [17]1 year ago
8 0

darcy spends 5000 in bank account that does not earn any interest every week sha withdraws 10 percent of the money in the account for spending the the nearest cent how much has she withdrawn in total after 8 weeks : <u>$2,847.66 (Approx)</u>

What is percentage?

A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent symbol, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one hundredth of something, 100 percent stands for everything, and 200 percent refers to twice the amount specified. percentage. In mathematics, a % is a number or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct," and the percent symbol ("%") can also be used to indicate it

Learn more about percentage with the help of given link:-

brainly.com/question/2236179

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(6) Erik receives an eight-year annuity-immediate with monthly payments. The first payment is $300 and payments increase by $6 e
Tamiku [17]

Answer:

  • <u>$70,264.03</u>

Explanation:

You need to calculate the value of 8 × 12 = 96 different cash flows.

There is not a formula to calculate that, because the<em> $6 dollar increase</em> does not represent growing with a constant rate.

The monthly payments are:

Month            payment ($)

0 (today)             300

1                           306

2                          312

3                          318

n                          306 + 6 (n-1)

96 (last)               876

Then you must create a spreadsheet with these features:

  • Five columns
  • First column is the month, and starts with month 0 (today)
  • Second column is the initial balance, the first balance is 0
  • Third column is the interest: it is calculated as the monthly interest by the initial balance. The monthly interest is 6%/12 = 0.06/12 = 0.005
  • Fourth column is the amount deposited: for month zero it is $300, and every month you add $6.
  • Fith column is the final balance: it is the sum of the initial balance (second column) + interest (third column) + deposit (fourth colum)
  • 96 rows: 8 years × 12months/year = 96 months.
  • The initial balance of each row is equal to the final balance of the previous row.

Here a sample of the first three rows:

Month  Initial balance  Interest                    Deposit     Final balance

 0                  0                   0                          300          300

 1                 300             300×0.005 = 1.5    306          607.5

 2                607.5          607.5×0.005           312          922.54

When you do it up to the row 96, the final balance is <em>the balance in the acccount at the end of the eight years</em>.

The last row of your spreadsheet will show:

96           69,042.81      345.21                    876         70,264.03

Thus, <em>the balance at the end of eight years will be $70,264.03</em>

7 0
3 years ago
In the marketing mix, place includes ________.a. advertising
Diano4ka-milaya [45]

In marketing mix, place includes letter a, advertising. It is because a marketing mix is where a company influence its own consumers into having their products that they sell to be sold or purchase with the use of factors that they control and one of example of that is advertising.

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The most significant conceptual difference between the arbitrage pricing theory (apt) and the capital asset pricing model (capm)
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in 2021, kiana's house boat was destroyed by a storm in a region that was declared a federal disaster area by the president. she
luda_lava [24]

Kiana will report under the head of natural disaster and its compensation amount is also exempt.

  • In income tax, there are a total of five heads of income viz
  1. income from salary
  2. Income from house property
  3. Income from profits and gain of business or profession
  4. Income from capital gains
  5. Income from other sources
  • Each head of income describes different features of income that are taxable.
  • Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
  • Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.

Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).

To know more about income tax refer : brainly.com/question/26316390

#SPJ4

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What are five things you should consider when trying to decide if you should buy or lease a car?
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