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3 years ago

12

Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th

e account if she makes annual payments of $4,291 into an account paying 2.23% interest compounded annually for 30 years.

2 answers:

velikii [3]3 years ago

8 0

Answer:

$180,488.86

Explanation:

Komok [63]3 years ago

3 0

$180,488.86 will be the amount in her account in 30 years

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Which one of the following is not a part of the business case for why companies should act in a socially responsible manner? A.

Amanda [17]

Answer:

Every business has a moral duty to be a good corporate citizen.

Explanation:

Businesses are formed to make profit, and this is the primary goal of businesses. So when making a business case for a company to act in a socially responsible manner, the benefit to the business as profits is the primary consideration.

If it is argued that every business has a moral duty to be a good corporate citizen, it does not translate to profits or benefit for the company.

So this is a weak argument when a business case is being created for why businesses should act in a socially responsible manner.

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3 years ago

U.S. businesses and those of other countries are seeking to expand around the world for many reasons. Which of the following is

Andrews [41]

Answer:

C

Explanation:

An increase in underdeveloped countries cannot be the reason why businesses would expand abroad because there wont be as much potential buyers in underdeveloped economies as they have very low capita income and most of the residents live in very poor conditions. But however other options are valid because favorable trade agreements and developed transportation and IT makes the international trade easy and beneficial to both the buyer and the seller. Moreover, when domestic markets matures, the rate of growth slows down and falls to zero. this is when the businesses want to emerge and find new markets abroad in order to benefit from the trade as in matured market there is less chance for businesses to grow and it becomes risky

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3 years ago

Assume that the interest rate on borrowings in south korea is 1 percent, but the interest rate on deposits in british banks is 7

Vikentia [17]

<u>The trader involved is in carry trade. </u>

<u> </u>

Further Explanation:

Carry Trade: It is defined as a strategy that is used in trading which involves borrowing money at a lower rate of interest and investing in an asset that gives a higher rate of return. It involves borrowing money in a currency that is having a low rate of interest and convert the borrowed sum of money into other currency. The amount is then placed in a deposit in the currency that offers a high-interest rate. It invests in the assets like bonds, stocks, real estate, or commodities that are designated in the other currency.

The two risks that are involved in carry trade are the risk of decline in the price of the assets in which investment is made and exchange risk. This is common in the Foreign exchange market.

<u> Therefore, the trader is involved in carry trade. </u>

<u> </u>

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Answer details:

Grade: High School

Subject: Economics

Chapter: Types of trade

Keywords: the interest rate, South Korea, 1 percent, deposits in British banks, 7 percent, a trader, 1 million South Korean won, British pounds, deposits in a British bank, carry trade, trade involved in, FX market.

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3 years ago

Sealed Bidding is appropriate when discussion/negotiations are required to determine price and delivery terms?

denpristay [2]

Answer:

B. False

Explanation:

In a sealed bidding, bidders have no opportunity to discuss/negotiate. They just present an offer adjusted to the terms of the requirer of the good or service that is submitted to bidding.

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3 years ago

Lawrence Summers served as secretary of the treasury in the Clinton administration and as director of National Economic Council

babunello [35]

Answer:

A) taking the cost into account because money spent on pollution reduction is not available for other worthy activities.

Explanation:

The economic approach tries to find solutions for problems optimizing the use of economic resources, therefore reducing costs and increasing benefits for every dollar spent.

Resources are scarce and that includes everyone, from a normal individual, to the richest person in the world, or the richest country in the world. The economic approach states that we should all try to maximize the benefits we obtain while exchanging resources. For example, if we need to study for a text and we know that solving problems helps us to learn more than just reading, then we should spend more time solving problems than reading because that way we can increase our benefits.

The US government and every other government in the world works on a budget and the money it spends doing A, will not be spent doing B. So the government must decide which actions to take in order for maximizing the benefits of the population (i.e. choose between A or B depending on which causes the greatest common good).

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3 years ago