Answer:
Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.
Explanation:
Growth Rate = g = 9% = 0.09
Number of years = n = 31 years
Number of time economy grow = ( 1 + growth rate )^number of years
Number of time economy grow = ( 1 + g )^n
Number of time economy grow = ( 1 + 0.09 )^31
Number of time economy grow = 14.46 times
So, Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.
Answer:
Hillsboro Bank
Explanation:
Jason has 4 banks to choose from:
Hillsboro First National Trust South Sun Coast
15 checks $3 $8 $0 $7.50
8 ATM's $4 $12 $12 $12
<u>no minimum $6 $7 $11 $2.50 </u>
total $13 $27 $23 $22
Jason should choose Hillsboro bank because his total monthly fees will be lower.
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Answer:
6%
Explanation:
Data provided as per question is as given below:-
Redeemed amount = $1,000
Sale value of Bond = $687.25
Number of year = 5
The computation of interest rate is as shown below:-
Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1
= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1
= (1.338) ^ (0.2) - 1
= 0.06
= 6%
In a condition where Gina induces Hugh to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features, Hugh can rescind from entering into the contract on the basis of fraud when he discovers about the truth of Gina's wrongful intentions.
<h3>What is the significance of a fraud?</h3>
A fraud can be referred to or considered as a situation that arises when either of the parties to a contract is unaware of the wrongful intentions of the other party at the time of entering into the contract.
Therefore, the significance regarding a fraud has been aforementioned.
Learn more about a fraud here:
brainly.com/question/12285524
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