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3 years ago

How much money has to be invested at 5.1% interest compounded continuously to have $17,000 after 14 years?

1 answer:

8 0

We will use the formula; A = Pe^(r*t)
Given;
A = 17,000
r = 5.1%
t = 14
Solution;A = Pe^(r*t) Compounding continously
17,000 = Pe^(.051*14)
17,000/e^(.714) = P
$8324.59 = P
The money that has been invested at 5.1% interest and compounded contiounsly to have 17,000 after 14 years is $8324.59

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Answer:

Betty's AGI = $28,934

Complete Page 1 of Form 1040 for Betty is attached.

Explanation:

Adjusted gross income:

Adjusted gross income (AGI) is an income measurement for the purpose of calculation of tax payable.

AGI is calculated by deducting allowable deduction from taxable income.

Notes for the working attached:

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3 years ago

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Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government should lead the country.

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3 years ago

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a

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Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

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3 years ago

How much can Azco Autosystems, Inc., afford to spend on an energy management system if the software will save the company $21,30

ivann1987 [24]

The amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.

<h3>Present value</h3>

Using this formula

Present Value = A(P/A, 10%, 5)

Where:

A=$21,300

(P/A, 10%, 5)=3.79079

Let plug in the formula

Present Value = 21,300 (P/A, 10%,5)

Present Value = 21,300 (3.79079)

Present Value =80,743.8

Present Value = $80,744 (Approximately)

Inconclusion the amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.

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2 years ago

Prior to labor unions, both the employer and employee had the legal right to terminate an employment

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Before the times of the labor unions, both the employer and the employee reserved the right of employment at will, meaning either one could terminate the agreement at any time and for any reason.

The correct term for the situation proposed in the question is employment at will. The other options describe agreements that have arisen since the creation of the labor unions.

The first option, a closed shop, described an agreement made between the hiring party and the labor unions in which the hiring party agrees to only hire members of the union, while an open shop is just the opposite.

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Therefore the only option that existed prior to the development of labor unions is employment at will, which allowed the termination of a contract at any time for any reason.

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3 years ago