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joja [24]
3 years ago
15

Computing future living expenses. a family spends $48,000 a year for living expenses. if prices increase by 2 percent a year for

the next three years, what amount will the family need for their living expenses after three years?
Business
1 answer:
Sonbull [250]3 years ago
7 0
The answer is "$50,928".

<span>family spends yearly for living expenses = $48,000
</span><span>prices increase by 2 percent a year for the next three years
</span>So, future value = (1+0.02)³
=1.061
<span>amount family need for their living expenses after three years = </span>$48,000 x 1.061 = $50,928 
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Equivalent unit of conversion = 17250

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6 0
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If Zephyr Electronics obtains an 18 percent return on invested capital, which of the following willhelp determine if it has a co
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A) comparing the return to the return on invested capital obtained by other firms in the industry.

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7 0
4 years ago
It is inappropriate to prescribe antibacterial agents to treat colds or flu because
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7 0
3 years ago
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6 0
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