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Airida [17]
3 years ago
9

Leslie Porter is planning a trip to Europe upon graduation in two years. She anticipates that her trip will cost $14,000. She wo

uld like to set aside an amount now to save for the trip. How much should she set aside if her savings earns 4% interest compounded quarterly
Business
1 answer:
Serjik [45]3 years ago
4 0

Answer:

$12,929

Explanation:

Amount = $14,000

Rate=4%= 0.04

Number of Times Compounded= 4

Time= 2 years

For Compound Interest,

Amount = P(1+ ʳ/ₙ)ⁿᵗ

14000 = P(1+0.04/4)²ˣ⁴

14000=P(1+0.01)⁸

14000=P(1.01)⁸

P= 14000/(1.01)⁸

=$12928.77

Leslie should set aside an approximate sum of $12,929 for her trip.

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A society can produce two goods: donuts and beer. The society's production possibility frontier is negatively sloped and "bowed
monitta

Answer:

c. increases

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

The production possibility frontier is graph that shows the two combinations of goods that an economy can produce given its resocurces.

As the production of donuts increases, the amount of beers that would be forgone in order to increase production of donuts rises.

I hope my answer helps you

5 0
3 years ago
An increase in government spending initially and primarily shifts
Ira Lisetskai [31]

Answer:

The correct answer is option a.

Explanation:

The aggregate demand in an economy comprises of consumer spending, government spending, investment expenditure, and net exports.

An increase in any of these components will cause the aggregate demand to increase or decrease.

So when the government spending increases the aggregate demand will increase. This increase in the aggregate demand will cause the aggregate demand curve to shift to the right.

This rightward shift in the aggregate demand curve will cause the price level and equilibrium quantity to increase.

8 0
3 years ago
27. When a person buys stock in a company, that person is buying ________, but when a person buys a bond in a company, that pers
Trava [24]

Answer: Ownership rights

lending

Explanation: Equity shares or common stocks are the ownership rights of the company, the holders of common stock have the voting right in every major decision of the company and are entitled for dividend according to the profit made by the company in that period.

On the other hand the bondholders are the creditors of the company as bond is considered as a debt obligation in the company. They are entitled to fixed rate of interest in return of the investment made by them.

5 0
3 years ago
__________ is a direct lobbying technique used by interest groups to influence public policy.
amm1812
Good morning.

The answer is : Providing election support.


Good luck!
7 0
3 years ago
Read 2 more answers
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115
vfiekz [6]

Answer:

1.30%

15.60%

16.77%

Explanation:

The monthly return is the amount payable monthly divided  by the current price of the investment vehicle.

monthly return=$1500/$115,000=1.30%

Annual percentage return=monthly return*12=1.30% *12=15.60%

Effective annual return=(1+1.30%)^12-1

EAR=1.167651776 -1

EAR=16.77%

5 0
3 years ago
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