Heat is released when a substance changes from a gas to a liquid, or from a liquid to a solid.
When a liquid changes to a solid, we refer to that as the process of 'freezing'.
Answer:
We will consider positive interest rate which is i=0.21 or i=21%
Explanation:
The formula for Future value is:
The present value will become:
where:
n is the number of years
Since the condition is same present value,so the given data form the equation:
Divide above equation by 
Let 
. Above equation will become:
Rearranging above equation:
Solving the quadratic equation:
z=1.1, z=0.9
Let will become:
For z=1.1
For z=0.9
we will consider positive interest rate which is i=0.21 or i=21%
The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.
They will pay net $229,030 after paying a 7.5% commission to their broker.
<h3>What is commission?</h3>
- Commissions are a type of variable-pay compensation for provided services or sold goods.
- Commissions are a typical method of encouraging and rewarding salespeople. It is also possible to create commissions to promote particular sales behaviors.
- For instance, when offering significant discounts, commissions might be decreased.
- When you buy, you normally pay a commission, and when you sell, you typically pay another commission. Investment commissions are not regarded by the IRS as a tax-deductible item.
- Instead, the commission is included in the cost basis of the investment, giving you a small tax break.
<h3>Calculation of net payment:</h3>
= 100% - 7.5%
= 92.5%
= $247,600 x 92.5%
= $229,030
Hence, they will pay net $229,030 after paying a 7.5% commission to their broker.
Learn more about commision here:
brainly.com/question/20987196
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