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3 years ago

The government uses the revenue from taxes to pay for goods and services for the community. True False

Business

2 answers:

GalinKa [24]3 years ago

7 0

Answer:

True

Explanation:

I mean, well..

The government uses the revenue from taxes to pay for goods and services for the community. <u>True </u>False

nexus9112 [7]3 years ago

6 0

The answer is true because without our tax maney we wouldnt have goods and services.

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(a) What is the present value of $34,900 due 9 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25

Simora [160]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

a) What is the present value of $34,900 due 9 periods from now, discounted at 9%

We need to use the following formula:

PV= FV/(1+i)^n

PV= 34,900/1.09^9= $16,068.83

(b) What is the present value of $34,900 to be received at the end of each of 12 periods, discounted at 8%

First, we need to find the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {34,900*[(1.08^12)-1]}/0.08= 662,301.71

PV= 662,301.71/(1.08^12)= 263,009.12

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3 years ago

Why were US workers against the ratification of the North American Free Trade Agreement (NAFTA) in 1992?

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2 years ago

andie needs to borrow $6,000 to buy a car. one dealer offers her a monthly payment of $193.60 on a 3-year loan with an apr of 10

Kitty [74]

Given the above stated information, the the correction options is C. Three year loan costs less than 4 year loan.

<h3>What is a the calculations justifying the above answer?</h3>

The computation is executed using excel. Here is the explanation for same:

There are two loan choices available. We must calculate the total payments for both alternatives and choose the one with the lowest cost.
The first option is to pay $193.60 per month with 10% interest for 3 years.
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Total cost for option 2 is $1584.00.

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