1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Furkat [3]
3 years ago
15

"The function C(t)=C(1+r)t models the rise in the cost of a product that has a cost of C today, subject to an average yearly inf

lation rate of r for t years. If the average annual rate of inflation over the next 14 years is assumed to be 1.5%, what will the inflation-adjusted cost of a $285,700 boat be in 14 years? Round to two decimal places."
Business
1 answer:
Cloud [144]3 years ago
4 0

Answer:

$351,912.61

Explanation:

Data provided in the question:

function that models the rise in the cost of a product

C(t)=C(1+r)^t

C = $285,700

t = 14 years

r = 1.5% = 0.015

Now,

On substituting the respective values in the given function, we get

inflation-adjusted cost in 14 years i.e C(14) = $285,700(1 + 0.015)¹⁴

or

C(14) = $285,700 × 1.2317

or

C(14) = $351,912.61

You might be interested in
Would giorno Giovanna be able to defeat jotaro kujo.....explain
Softa [21]

Answer:

None can beat Giorno but Jesus. Bc, he can prob use his powers to give himself the world over heaven. Giorno Giovanna of both the Brando and Joestar bloodlines is the protagonist of part 5 of Jojo's Bizarre Adventure, entitled Golden Wind. Jotaro Kujo may be the most popular JoJo to come out of JoJo's Bizarre Adventure, but he's hardly the strongest. That honor belongs to none other than Giorno Giovanna, the protagonist of Part 5 Vento Aureo, otherwise known as Golden Wind.

Explanation:

6 0
3 years ago
Read 2 more answers
You and several friends are stranded on a desert island. the group decides to gather coconuts. being afraid of heights, the grou
klasskru [66]

Capital is a way of having land and labor to be involved for production. In the given scenario above, the catapult and rock would be a capital since it is needed to be made by people in order to gain something or it is used for production.

3 0
3 years ago
Read 2 more answers
The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.
r-ruslan [8.4K]

According to the historical and information record, the <u>Fair Labor Standards Act of 1938</u> established a minimum wage and overtime pay for employees working more than 40 hours a week.

<u>Fair Labor Standards Act of 1938</u> was made to improve the working conditions of employees and also protect their rights against exploring employers.

The <u>Fair Labor Standards Act of 1938</u> established standards on minimum wage, working hours, and oppressive child labor.

Hence, in this case, it is concluded that the correct answer is the "<u>Fair Labor Standards Act of 1938."</u>

Learn more here: brainly.com/question/15966261

6 0
2 years ago
Tim wrote a negotiable note. Subsequently, Tim's debts were discharged in bankruptcy. If a holder in due course presents the not
fomenos

Answer:

TRUE

Explanation:

Bankruptcy is a legal framework, in which borrowers who cannot pay their loans, may seek relief from all of their liabilities from individuals or other organizations. In most states, a judge's order mandates bankruptcy.

In this situation, Tim is a bankrupt person, tin wrote a negotiable note but now Tim has got relief from his liabilities, so he has not to pay against his negotiable note.

Therefore, the following situation is TRUE .

5 0
3 years ago
Everyone uses money, and it is important to understand what factors affect the cost of money. Consider the following scenario: D
ryzh [129]

Answer:

Following are the factors in the economy that affects the cost of money:

  1. Inflation
  2. Required return of the investors on the additional risk
  3. Systematic risk in the economy
  4. Duration of lending
  5. Credit Spread

Explanation:

If the inflation rate increases then the required return would be compensation for inflation and required return.

The higher is the risk associated with the investment the higher would be the investor's required return.

According to the Capital Asset Pricing Model, the company compensates the investor for the systematic risk, not for the unsystematic risk that he faces because CAPM assumes that the investor has diversified portfolio of investment.

If the amount lend is for greater duration, then there is a risk that the borrower will default payments. There is another explanation which is that there is higher chances of loss of opportunity due to lending amount for greater duration.

Credit Spread is the measure of the risk that the company will be unable to pay interest on loan or principal amount or both. So as we know higher the risk associated with the investment, the higher is the Required return demanded by the investors.

8 0
3 years ago
Other questions:
  • A house sold for $39,379. The buyer paid 20% down. Monthly interest on the loan was $229.69. What was the annual interest rate o
    8·1 answer
  • How much does it cost to ship a chair from oregon to new york?
    11·1 answer
  • When using discounted cash flow analysis for valuation, the appraiser must estimate the sale price at the end of the expected ho
    15·1 answer
  • What is 2×78 please help​
    12·1 answer
  • Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $ 3,500 winnings in the bank. The reserve requ
    10·1 answer
  • Suppose the value of owning a first car is worth $30,000 to you, and the value of owning a second car is worth $24,000 to you. S
    9·1 answer
  • Butler Company developed a static budget at the beginning of the company's accounting period based on an expected volume of 6,00
    11·1 answer
  • The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from hi
    14·1 answer
  • Kendrick is highly knowledgeable about new developments in computer technology, since he reads everything he can find about the
    5·1 answer
  • The primary goal for the blue ginger multi-grain blue rice chips campaign should be
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!