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tangare [24]
3 years ago
12

Harry has $4000 invested in two savings accounts. one account earns 6% interest per year, and the other pays 7% per year. if his

total interest for the year is $264, how much is invested at 7%?
Business
1 answer:
Gekata [30.6K]3 years ago
8 0
0.07x+0.06 (4000-x)=264
Solve for x
X=2400 invested at 7%
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A person is mad at their roommate so out of spite they decide to intercept a credit card offer in the mail, and fill it out in t
Rudik [331]

Answer:

The correct answer is letter "B": identity theft .

Explanation:

Identity theft refers to the act of using other people's information to obtain usually a financial advantage. Full names, social security numbers, phone numbers or any other individual information is stolen from others to be used in favor of the criminal.

8 0
3 years ago
DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive
Oksanka [162]

Answer:

Year Cashflow        [email protected]% PV

$                      $

0 (750,000)             1          (750,000)

1        350,000               0.9259    324,065

2       325,000               0.8573     278,623

3        250,000              0.7938      198.450

4        180,000               0.7350      132,300

                                        NPV         184,438

The correct answer is D. The difference in answers is due to rounding error.

Explanation:

Net present value is the diffrence between initial outlay and present value of inflow. We need to discount the cash inflows for year 1 to year 4 at 8% and then calculate the present value of cash inflows by multiplying the cash inflows by the discount factors. Finally, we will calculate NPV by deducting the initial outlay from the present value of cash inflows.

6 0
3 years ago
Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund inv
balu736 [363]

Answer:

8.66%

Explanation:

The computation of the rate of return for the investor in the fund is as follows:

= (Net assets at the end  + dividend per share  - nav at the beginning of the year) ÷ (nav at the beginning of the year)

where,

Net assets at the end is

= $203 million + $203 million × 7% - ($217.21 million × 0.75%)

= $203 million + $14.21 million - $1.6291 million

= $217.21 million - $1.6291 million

= $215.58093 million

Dividend per share is

= $5 million ÷ 10 million shares

= 0.5

Nav at the beginning of the year is

= $203 million ÷ 10 million shares

= $20.3

Now the rate of return is

= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)

= 8.66%

6 0
3 years ago
Seeing a golden opportunity to raise revenue, the city of Boston levies a per ticket tax of $5 to be paid by the ticket buyer. B
Dvinal [7]

Answer:

TRUE

Explanation:

When supply is perfectly inelastic, the supply curve is vertical as shown in the attached plot. Thus, the tax that shifts the supply curve upward would have no effect on the equilibrium quantity or price paid by consumers. Since equilibrium quantity or price paid by consumer don't change there's no burden on them. However, no  team's owners would receive a lower after tax price and thus bearing the entire tax burden.

8 0
3 years ago
Producer surplus is the difference between the _____ price and the minimum price at which a producer would be willing to sell a
gogolik [260]

Answer:

Market

Explanation:

Producer surplus is the difference between the market price and the minimum price at which a producer would be willing to sell a particular quantity.

Producer surplus is known to be the total amount that a producer benefits or gains from producing and selling a quantity of a good at the market price. The total revenue that a producer receives from selling their goods minus the total cost of production equals the producer surplus.

5 0
4 years ago
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