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Mars2501 [29]
3 years ago
11

Suppose you found a CD that pays 4.9% interest compounded monthly for 4 years. If you deposit $10,000 now, how much will you hav

e in the account in 4 years? (Round to the nearest cent.)
Business
1 answer:
Katyanochek1 [597]3 years ago
4 0

Answer:

=$11,580.00

Explanation:

The CD pays 4.9 percent compounded monthly for four years.

In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.

The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.

The amount in four years is the same as the future value after four years.

=FV = PV (1+r)n

Pv =$10,000

r=0.4083 %

N =36

Fv = 10,000(1+0.4083/100)36

=10,000(1+0.004083)36

=$10000 x 1.1579932

=$11,579. 932

=$11,580.00

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If the exercise price of an M-tel warrant is $48 and the stock splits 2 for 1, what will be the post-split exercise price of the
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4 years ago
What is the impact of an increase in worker productivity when demand is relatively more​ elastic? A. An increase in sales revenu
natka813 [3]

Answer:

A) An increase in sales revenue received by the firm.

Explanation:

If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.

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3 years ago
Consider public policy aimed at smoking.
andreyandreev [35.5K]

Answer:

1. government shoud increase price by 50%. so it would be $3

2. larger effect 5 years from now

3. this is true due to their limited finance compared to adults

Explanation:

1. prices elasticity = % change in quantity demanded ÷ % change in price

price elasticity = 0.4

% change in dmd = 20%

% change in price = ?

0.4=\frac{0.20}{?}

we cross multiply

? = 0.20/0.4

= 0.5

= 50%

so if the government wants to reduce smoking by 20%, it has to increase the price of cigarettes by half of its price= $2 + $1 = $3

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3. The effect of the change in price would be more felt on the teenagers. this is due to the fact that they have limited financial strength compared to adults. Also they are new to smoking compared to the adults and are more likely to be less involved in the habit.

6 0
3 years ago
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