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inn [45]
3 years ago
6

Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to wi

thdraw the money. The account currently has $ 4 comma 909 in it and pays an interest rate of 3 %. a. How much money would be in the account if you left the money there until your 25th​ birthday? b. What if you left the money until your 65th​ birthday? c. How much money did your grandfather originally put into the​ account?
Business
1 answer:
raketka [301]3 years ago
5 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Value at 18= $4,909

Interest rate= 3%

To calculate the final value, we need to use the following formula:

FV= PV*(1+i)^n

A) Number of years= 7

FV= 4,909*(1.03^7)= $6,307.45

B) Number of years= 47

FV= 4,909*(1.03^47)= $19,694.39

C) Finally, we need to determine the original investment. We need to isolate the present value from the formula:

PV= FV/(1+i)^n

PV= 4,909/(1.03^18)

PV= $2,883.52

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Answer:

A. 1/3 computers

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Explanation:

A. The opportunity cost incurred by the US to make cars is the number of computers it would have to give up to make a car.

The US can either make 12 cars or 4 computers. For every car made therefore the US forgoes;

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B. The same logic applies to Japan. They can either make 10 cars or 6 computers.

Their opportunity cost for cars is therefore;

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3 years ago
______ refers to changes in behavior, cognitions, values, language, cultural activities, personal relational styles, and beliefs
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Answer:

2. acculturation

Explanation:

Acculturation -

It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing  one in the society , in  referred to as acculturation.

In this method , the people adapts to a particular new culture of the society.

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The people actively tries to adapt to the new prevailing culture by increasing participation.

Hence , from the given information of the question,

The correct term is acculturation.

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3 years ago
Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an
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When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.

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3 years ago
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Since the dates are set beforehand, the company has to have the funds for these payments set aside. Instead, if the company would have issued stock, it would have greater freedom in deciding when and how much it should pay as dividends.

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