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Finger [1]
3 years ago
7

Today, your dream car costs $62,200. You feel that the price of the car will increase at an annual rate 2.2 percent. If you plan

to wait 6 years to buy the car, how much will it cost at that time?
Business
1 answer:
Savatey [412]3 years ago
5 0

Answer:

The dream car will cost $70,875 in 6 years time

Explanation:

Here, we are interested in calculating the amount a car will cost if we know the annual appreciation rate of the cost and we decide to wait for some years to purchase the car in question.

To calculate the cost at that time, let’s we shall be using a modification of the compound interest formula.

The cost at that time will be;

C = I(1 + r)^t

Where C is the cost after six years which is unknown

I is the present cost which is $62,200

r is the appreciation percentage = 2.2% = 2.2/100 = 0.022

t is the time which is 6 years

Substituting these values in the modified equation, we have;

C = 62,200(1 + 0.022)^6

C = 62,200(1.022)^6

C = $70,875.44

To the nearest whole amount, it should be $70,875

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ehidna [41]
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3 years ago
American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota
Viefleur [7K]

Answer:

B) quota

Explanation:

A quota is a trade constraint imposed by government, which confines a nation's import or export within a certain period, or the amount or monetary value of the products. Nations use quotas to control trading volumes between them and the other nations in global trade. A tariff would put taxation on the Chinese's exports and it doesn't favour them.

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3 years ago
Which action will be least helpful if you’ve been the victim of identity theft?
lina2011 [118]

<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D. </u>

If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.

<h2>Further Explanation</h2>

Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters

In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.

If you are a victim of identity theft, there are things you do immediately.

Some of the steps you can take to prevent an identity thief to further commit fraud with your details include

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LEARN MORE:

  • Which action will be least helpful if you've been the victim of identity theft  brainly.com/question/1359436
  • Which action will be least helpful if you’ve been the victim of identity theft brainly.com/question/3968427

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5 0
3 years ago
Read 2 more answers
The Association of Southeast Asian Nations (ASEAN) effectively united Singapore, Britain, and Japan into one market.
Nezavi [6.7K]

Answer:

False

Explanation:

The Association of Southeast Asian Nations (ASEAN) is a regional economic block made up of 11 southeast Asian countries. The block's primary objectives are to promote economic, cultural, and social integration among the member countries. Members of ASEAN are  Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

Singapore, Britain, and Japan are not members of ASEAN.   ASEAN is a regional body and Britain is not is Asian.

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taurus [48]

Answer:

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Explanation:

Competitive intelligence refers to the steps companies take to obtain information about their surrounding environment and competitors. If the attempt is to conduct competitive intelligence ethically and legal, top executives in charge should obtain as much information as possible from a <em>legitimate source</em> with the limitations that could imply <em>without compromising the company</em> in business not inherent to its operations.

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