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Ivahew [28]
3 years ago
13

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim

deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is (use the tables in the handbook):
Business
1 answer:
hjlf3 years ago
5 0

Answer:$119,735.6

Explanation:

To calculate the total in the account,we use the compound interest formula

A= P ( 1+ ( R/2)/100)∧2n

P = $ 12,000 n = 4 R = 12%

A = 12,000 (1+(12/2/100)∧2*4

A = 12,000 ( 1+ ( 6)/100)∧2*4

A = 12,000 ( 1+0.06)∧8

A= 12,000 ( 1.06)∧8

A = 12,000 ( 1.5938)

A= 12,000* 1.5938

A= $ 19,125.6

Another deposit into the account

A = P ( 1+(R/2)/100)∧2n

A= 50,000 (1+12/2/100)∧2*6

A= 50,000 (1+6/100∧12

A = 50,000 ( 1+0.06)∧12

A = 50,000 (1.06)∧12

A= 50,000 ( 2.0122)

A = 50,000* 2.0122

A = 100,610

Therefore, the total in the account

$19,125.6 + $100,610

= $119,735.6

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Answer:

3 percent

Explanation:

A real interest rate is an interest rate which doesn't have impact of inflation and depicts the real cost of funds to the borrower and the real yield to the lender or an investor.

Inflation = (126-120)/120 = 5%

Real Interest Rate = Nominal Interest Rate - Inflation

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At a farmer’s market, a basket of strawberries costs $20 and a basket of peaches costs $18. On Saturday, 23 baskets were sold
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Based on the calculation done, there are 15 baskets of peaches.

x + y = 23 ..... i

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From equation i, x = 23 - y ..... iii

Put equation iii into ii

20x + 18y = 430

20(23 - y) + 18y = 430

460 - 20y + 18y = 430

2y = 30

y = 30/2 = 15

x + y = 23.

x + 15 = 23

x = 23 - 15 = 8

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brainly.com/question/13763238

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Svetlanka [38]

Answer:

e. None of the above assumptions would invalidate the model

Explanation:

Incomplete question <em>"The constant growth model is given below: P0 = [D0(1 + g)]/[(rs - g)]"</em>

<em />

According to dividend discount model,  

P0 = D1/(R-G)

D1 - Dividend at t =1

R - Required rate

G - Growth rate

This would be invalid if R < G. In other words, Dividend growth model will be invalid in only one situation, that is, when growth rate is more than require return. In this situation growth model cannot be used.

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On what date does congress normally begin its annual meeting unless otherwise determined?
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