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kirill115 [55]
4 years ago
14

You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w

ill you have to wait until your winnings are worth $75,000? 22.29 years 25.00 years 23.95 years 21.24 years 22.67 years
Business
1 answer:
ruslelena [56]4 years ago
7 0
For this case we have an equation of the form:
 y = A * (b) ^ x

 Where,
 A: initial amount
 b: growth rate
 x: number of years
 Substituting values we have:
 y = 30000 * (1,039) ^ x

 By the time the earnings increase to 75000 we have:
 75000 = 30000 * (1,039) ^ x

 From here, we clear x:
 (1,039) ^ x = (75000/30000)

log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))


 x = log1.039 ((75000/30000))

x = 23.95 years
 Answer:
 
you will have to wait until 23.95 years your winnings are worth $ 75,000
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Explanation:

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Second Purchase=750 units x $6 =$4,500

Third Purchase=    850 units x $7 = $5,950

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Average unit cost = Total cost/ number of units =13,050/(650+750+850)= 13,050/2250= $5.8 per unit

Cost of Ending inventory = 550 unts at hand x $5.8 =$3,190

(using the average cost method)

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The correct answer is letter "C": market specialization.

Explanation:

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Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works over
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Answer:

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This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the cre
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Answer:

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Explanation:

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