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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:

An account is maintained for each financial statement item, whereas a(n) general ledger contains all of the accounts of the company.

Explanation:

Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.

For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.

The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.

Therefore, an account is maintained for each financial statement item, whereas a(n) general ledger contains all of the accounts of the company.

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3 years ago

What does sustainability refer to?a. the ability of a company to maintain high profits despite cutting pricesb. the ability of a

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Answer: Sustainability refers to ability of a company to maintain high profits despite cutting prices

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4 years ago

Acceleron is planning future expansion with a new facility in Indianapolis. The company will make the move when its real estate

alukav5142 [94]

Answer:

6.67 years

Explanation:

The number of years for the firm to reach the desired value of $1.2 million can determined using the nper formula in excel as below:

=nper(rate,pmt,pv,-fv)

rate is the interest rate earns by the fund at 10% per year

pmt is the addition to the fund in each year which is $50,000

pv is the current amount in the fund which is $400,000

fv is the desired value of $1.2 million

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It would take 6.67 years for the sinking fund to reach the desired value of $1,200,000

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3 years ago

In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which chang

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Answer:

Changes income, which changes consumption, which further changes income

Explanation:

Fiscal policy is an effective technique to control savings, income and consumptions because of its multiplier effect. The first effect of fiscal policy is that it changes income and that change in income leads to a change in consumption because of purchasing power; likewise, due to the change in consumption income changes. So, fiscal policy has a multiplier effect.

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3 years ago

Assume that total output in a two-good economy in 2018 consists of 50,000 apples and 2 Tesla cars, with prices of 1$ per apple a

KiRa [710]

Answer:

30%

Explanation:

GDP is the sum of all products and services produced by an economy over a given period of time. In an economy with only two products, GDP will be the sum of the quantity produced by each product at its given price.

Thus, the 2018 GDP will be:

Apples: 50,000 units x $ 1 (price) = $ 50,000

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The GDP variation between two years is calculated by adopting a year whose price will be the basis of the calculation, usually the first year chosen, in this case by 2018. Thus, after calculating the GDP of the base year (2018), the GDP of the The following year (2019) will be calculated using the base year price. In other words, let's calculate the 2019 GDP with the quantities sold in 2019, but with the 2018 prices. This is called the real GDP calculation, which really matters for comparison between two years.

Note: Real GDP calculation is required to compare GDP developments between two or more periods. If the nominal GDP (price x quantity of each year) were calculated it would not be possible to compare properly, because in this case the effects of inflation would be infiltrated in the account. Through the calculation of real GDP inflation is isolated, as it uses the same price to calculate GDP each year, in this case the base year.

Apples: 55,000 units x $ 1 (base price) = $ 55,000

Tesla: 3 (Units) x $ 25,000 (Base Price) = $ 75,000

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% GDP Change = (130,000-100,000) / (100,000) * 100 = (30,000 / 100,000) * 1000 = 0.3 * 100 = 30%

Therefore, the GDP percentage growth between 2018 and 2019 was 30%.

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3 years ago