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Serggg [28]
3 years ago
13

John Paul will receive a gift of $9,000 when he gets his promotion, which he expects to be in 6 years. If he can save his money

at an interest rate of 3.5%, then how much will he have in 16 years?
Business
1 answer:
My name is Ann [436]3 years ago
6 0

Answer:

If John Paul invests $9000 in six years' time at an interest of 3.5% per year, he would have $12695.39 in sixteen years' time

Explanation:

John Paul would receive the gift for his promotion in six years' time and would only be able to invest the amount for ten years(16 years less 6 years).

In knowing the amount he would have if invests the $9000 for 10 years at an interest rate of 3.5%, we need to use future value formula,which is given as :

Future value=PV*(1+i)^n

PV present value is the amount to be invested =$9000

i is the rate of return of 3.5%

n is the period of investmet i.e. 10 years

FV=9000*(1+0.035)^10

FV=$12695.39

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Managerial efforts to boost a company's stock price should entail such actions as
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4 0
3 years ago
during the 1970s, some economists argued that the cause of the woes of the economy were due to . a.) increase in unemployment, a
mr Goodwill [35]

During the 1970s, some economists argued that the cause of the woes of the economy was due to d.) supply shock due to issues with the supply of oil

<h3>What was the economic crisis of the 1970s?</h3>

This refers to the term that is used to discuss and describe the economic crisis that threatened to engulf the United States financial sector due to certain influences such as the 1973 oil crisis, the fall outs of the Vietnam War under President Johnson and many other factors.

Hence, it can be seen that with these factors in mind, the main argument of some economists was that the cause of the woes of the economy was due to d.) supply shock due to issues with the supply of oil as can be found in option D which is true because of the supply shock which helped to cripple the US economy.


Read more about economic crisis of the 1970s here:

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6 0
11 months ago
RyanRyan Street Barber Shop pays $ 30$30 per month for water for the first 12 comma 00012,000 gallons and $ 2.50$2.50 per thousa
Phantasy [73]

Answer:

  • 8,000: $30
  • 13,000: $32.50
  • 17,000: $42.50

Explanation:

<u>8,000</u>

This amount is below the quantity for which additional charges accrue. The base charge applies: $30.

<u>13,000</u>

This is 1000 gallons more than you get for $30, so costs an additional $2.50. The total water cost is ...

  $30 +2.50 = $32.50

<u>17,000</u>

This is 5,000 gallons more than you get for $30, so costs an additional 5×$2.50 = $12.50. The total water cost is ...

  $30 +12.50 = $42.50

_____

<em>Comment on the water charges</em>

$30 is the same as the cost of 12,000 gallons at $2.50 per thousand. So, the total bill can be figured at $2.50 per thousand, with a $30 minimum.

  8 × $2.50 = $20, so the charge is the minimum, $30

  13 × $2.50 = $32.50

  17 × $2.50 = $42.50

4 0
2 years ago
Which statement about attitude is correct?
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Your answer would be D.


6 0
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