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dsp73
3 years ago
10

Erick is planning to invest $500 at the end of year one, 800 at the end of year two, and 900 at the end of uear three at 4.5 per

cent interest. How much money will he have saved in total at the end of year three?
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer:

Final value= $2,282.013

Explanation:

Giving the following information:

Erick is planning to invest $500 at the end of year one, 800 at the end of year two, and 900 at the end of year three at 4.5 percent interest.

To calculate the total final value of the investment, we need to use the following formula for each deposit:

FV= PV*(1+i)^n

Deposit 1= 500*1.045^2= 546.013

Deposit 2= 800*1.045= 836

Deposit 3= 900

Final value= $2,282.013

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Answer: Option (C)

Explanation:

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3 years ago
5. What has made California a particularly good place for entrepreneurs
nasty-shy [4]

Answer:

New technology and demand.

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The California market is highly attracted to new promoters, industrialists, and entrepreneurs.  

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This place can be easily seen by individuals using their capital for new business, hence California is suitable and considered a good place for new industrialists and entrepreneurs.

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3 years ago
Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no begi
Sonja [21]

Answer:

Ending inventory value= $380,000

Explanation:

Giving the following information:

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3 0
3 years ago
5. Explain what would happen to interest rates if a new process was developed that allowed automobiles to run off oil that was f
guapka [62]

Answer:

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the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

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