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r-ruslan [8.4K]
3 years ago
10

Beginning three months from now, you want to be able to withdraw $2,700 each quarter from your bank account to cover college exp

enses over the next four years. if the account pays .67 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) amount needed
Business
1 answer:
serious [3.7K]3 years ago
7 0
<span>First multiply $2,700 times four quarters times four years to get a total of $43,200 needed. Then, work backwards by quarter to subtract the interest for 17 quarters: {$43,200 -($43,200 times 0.0067)} repeated 17 times. The final answer is $38,279.52 needed to invest right now.</span>
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What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?
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The lower value of the dollar will decrease imports and increase exports. Appreciation of the value of the dollar and the decrease of U.S. net exports.

<h3 /><h3>How does expansionary monetary policy affect trade?</h3>
  • Increases in the stock market are a result of expansionary economic policy since it boosts economic activity. Fiscal and monetary channels can be used by policymakers to carry out an expansionary strategy. It is typically used when inflationary pressures are low and the economy is headed towards a recession.
  • When a central bank employs an expansionary monetary policy, it helps to boost the economy. This boosts the availability of money, brings down interest rates, and raises demand. It promotes economic expansion. It reduces the currency's worth, which decreases the exchange rate.
  • The following are the general effects of monetary policy on economic activity, as measured by changes in (real) interest rates. Financial institutions can obtain funds at cheap interest rates when interest rates fall. They are able to lower their lending rates for loans to businesses and households as a result.
  • Expansive monetary policy can be quite successful in the early stages of a financial and economic collapse, reducing uncertainty spikes and tail risks and preventing negative feedback loops (e.g. Mishkin 2009).

What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?

The lower value of the dollar will decrease imports and increase exports. Appreciation of the value of the dollar and the decrease of U.S. net exports.

To learn more about lineage, refer to:

brainly.com/question/18939014

#SPJ4

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