Answer:
Instructions are listed below
Explanation:
Giving the following information:
Dina deposits $3,000 in a bank account that pays an annual nominal interest rate of 10%. The comic book is priced at $15.00.
We don't have the number of years on the investment. But we can figure out an answer.
With $3000 she can buy:
Number of comics= 3000/15= 200 comics.
Using the following formula we can calculate the amount of money that she will have at the end of several years.
FV= PV*(1+i)^n
For example:
1 year
FV= 3000*1.10^1= $3300
Comics= 3300/15= 220 comics
5 years:
FV= 3000*1.10^5= $5,315
Comics= 5315/15= 354 comics
Answer:
Importer.
Explanation:
An importer is an individual or entity that brings in products from foreign countries for sale domestically. Importers buy products that are produced in other countries. To the other country this is an export.
Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. So the company is involved in importing activity.
Roberto brokers the trades with the mines in Chile.
Answer:
B) 50%
Explanation:
Matthew's total return on investment = (current price - original purchase price) / original purchase price
= ($150 - $100) / $100 = $50 / $100 = 0.5 or 50%
To be able to determine the annual rate of return we would need to know when did Mathew purchase the shares.
Starting amount is $1,500, 12% interest that compounds monthly and it will grow over a period of 20 years. Using a calculator it comes out to a total of <span>$16,339.07</span>
<span>An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True
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