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Sedaia [141]
3 years ago
11

Assume that your university increase tuition only at the rate of inflation. how much will a $23,000-per-year college cost 15 yea

rs from now if inflation is at an annual rate of 8.0%
Business
1 answer:
ValentinkaMS [17]3 years ago
5 0
In economics, there is a formula to predict the growth of money value with time. When dealing with simple interest, the formula is

F = P(1+in), where F is the future worth, P is the present worth, i is the annual interest rate, and n is the amount of time, commonly in terms of years. Substituting to the formula,

F = $23,000(1+0.08*15)
F = $50,600
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While Jon is walking to school one morning, a helicopter flying overhead drops a $20 bill. Not knowing how to return it, Jon kee
enyata [817]

Answer:

(a) $15

(b) $35

(c) 4

(d) $80

Explanation:

Given that,

Initial deposit = $20 bill

Required reserve ratio = 25%

(a) Money lend out by bank is as follows:

= Amount of deposit - Reserve requirement

= $20 - ($20 × 0.25)

= $20 - $5

= $15

(b) Money in the economy changed:

= Initial deposit + Amount of money lend out by bank

= $20 + $15

= $35

(c) Money multiplier:

= 1/ Required reserve ratio

= 1/ 0.25

= 4

(d) Money will eventually be created by the banking system:

= Change in deposits × Money multiplier

= $20 × 4

= $80

7 0
3 years ago
This video speeds through over 10 common mistakes people make that leave them open to identity theft. list at least 5 of them he
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Leaving Your Mail Unguarded. ...

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Using an Insecure Internet Connection.

3 0
2 years ago
Which is a business likely to need to secure startup capital from a venture capitalist?
EleoNora [17]
Any business that is in the tech business, where massive amounts of money go for development and for producton are companies that are very likely to need startup capital from some sort of investor; in this case it can be a venture capitalist but it can also be any other type of investor. 
4 0
3 years ago
Read 2 more answers
if you do not pay the entire credit card bill you are charged a FLAT FEE or an INTEREST on the unpaid part?
Soloha48 [4]
You are charged with flat fee
7 0
3 years ago
In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
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