Answer and Explanation:
The computation is shown below:
We use the formula that is given below:
Invested amount = $1,000,000 present value
Present value = 1 ÷ (1 + rate of interest)^number of years
a.
The amount invested is
= $1,000,000 ÷ (1.1104)^45
= $8,983.07
b,
The amount invested is
= $1,000,000 ÷ (1.0552)^45
= $89,111.71
If Gunnar, the Director of Operations at Fantastic Foods. One of the recent groups, which is also a team, is the dean search committee.
<h3>What is team?</h3>
Team are member of a group that come together in unity to resolve issue and to achieve their set goals and objectives.
The recent group will be the dean search committee which aim is to interact or communicate frequently by making use of different communication means over a period of several months.
Therefore One of the recent groups, which is also a team, is the dean search committee.
Learn more about team here: brainly.com/question/11352260
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Answer:
<em>Interest earned </em> = $420
Explanation:
T<em>he total worth of the investment after the the investment period compounded at certain rate is called the Future Value.</em>
Future Value= Principal + compounded interest i.e
FV = P × (1+r)^n
r- rate, FV- future value , n- period
FV = ? , P -1,500, r- 4%, n-7 years
FV = 1,500 ×1.04^(7)
FV = 1973.897669
<em>Interest earned (compound intrest) = FV - Principal amount</em>
= 1973.897669 - 1,500
= $473.89
Without interest earning interest.
The amount of interest earned will be computed on the principal only
Interest earned = $1,500× 4%× 7
= $420
Answer:
The correct answer is B. The law of demand states that quantity demanded will vary inversely with the price of the good.
Explanation:
The law of demand states that the value of demand decreases as the price of the product increases, that is, between the value of demand and the price there is an inverse relationship, therefore, an increase in price causes a decrease in demand, and a decrease in price causes an increase in demand.
Therefore, manufacturers who have decided to produce more should know that an increased number of goods can only be sold at a lower price.
The quantity of goods purchased depends on the price as well as on the average income of the buyers, the size of the market, the price and usefulness of other goods, including substitutes, subjective tastes and preferences of buyers.
