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3 years ago

5

How long will it take for an investment of $15,000 to grow to $19,100 if the investment earns interest at the rate of 9%/year co

mpounded monthly? (round your answer to one decimal place?

1 answer:

sveticcg [70]3 years ago

3 0

GOOGLE IT PLSSSS <3 ;D

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Which of the following is not true concerning the usage of public land. a. Public land is managed by federal and state agencies.

tekilochka [14]

Answer: The correct answer is "b. Unprotected lands exist inside federal parks.".

Explanation: The statement "Unprotected lands exist inside federal parks" is NOT TRUE concerning the usage of public land because there are no unprotected lands within federal parks.

5 0

3 years ago

Read 2 more answers

On August 1, 1958, first-class postage for a 1-ounce envelope was 4 cents. On August 1, 2007, a first-class stamp for the same e

Andrej [43]

Answer:

4.86%

Explanation:

Given that,

First-class postage for a 1-ounce envelope = 4 cents

On August 1, 2007

A first-class stamp for the same envelope cost = 41 cents

Period, n = 49 years

$F=P(1+i)^{n}$

$41=P(1+i)^{49}$

$\frac{41}{4}=(1+i)^{49}$

$10.25\ cents=(1+i)^{49}$

$1.0486=(1+i)$

i = 1.0486 - 1

= 0.0486 or 4.86%

Therefore, the interest rate is 4.86%.

3 0

2 years ago

The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 − 4 Q. The market is

ANTONII [103]

Answer:

65 firms will be in the industry at the new long run equilibrium

Explanation:

in the long run the P=ATC

quantity before the change is

200 = 1000-4Q

4Q = 800

Q= 200

each firm output = Q/number of firms = 200 / 50

q = 4

new quantity is

200 = 1240-4Q

4Q = 1040

Q = 260

number of firms=new Q/q

=260/4 = 65

the number of firms is 65 in the long run.

3 0

3 years ago

Suppose you borrow $10,000 right now to start a business. If the terms of the loan require you to pay back $16,000 in 5 years, w

Alexxandr [17]

Answer:

r = 9.86%

Explanation:

The formula for calculating the future value of an invested amount yielding a compound interest is given by:

$FV=PV(1+\frac{r}{n})^{nt}$

where:

FV = future value = $16,000

PV = present value = $10,000

r = interest rate = ?

n = number of compounding period per year = 1

t = time in years = 5

∴ $16000=10000(1+\frac{r}{1})^{5}$

dividing both sides by 10,000

$\frac{16000}{10000} =\frac{10000(1+\frac{r}{1})^{5}}{10000}$

$1.6 = (1 + r)^{5}$

to remove the power of 5, we have to take the 5th root of both sides:

$(1.6)^{1/5} = (1 + r )^{5 * 1/5}$

Using your calculator:

1.09856 = 1 + r

∴ r = 1.09856 - 1 = 0.09856

r = 0.0986 = 9.86%

∴ r = 9.86%

8 0

2 years ago

According to the law of supply, price and quantity move

gayaneshka [121]

Answer:

along a track in the same direction.

Explanation:

According to the law of supply, the price of the goods increases with an increase in the quantity of the goods supplied. Similarly, the price of the goods decreases with a decrease in the quantity of the goods supplied. This means that the price and quantity are directly proportional to each other. The price and quantity will move along a track in the same direction respectively.

6 0

2 years ago