The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).
<h3>Simple Interest</h3>
Given Data
- Final Amount = $4,500*2 = $9,000
Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 22%/100 = 0.22 per year,
then, solving our equation
t = (1/0.22)((9000/4500) - 1) = 4.55
t = 4.55 years
Learn more about Simple Interest Here:
brainly.com/question/723406
Answer:
Price willing to pay=$1105.94
Explanation:
Annual Coupon Payment=$1,000*0.08
Annual Coupon Payment=$80
Calculating Present Value (PV) of Par Value:

Where:
i is the rate of return.
FV is par value

PV= $258.419.
Calculating PV of annual Coupon Payment:

i is the coupon rate
A is the annual Payment

PV=$847.521
Price willing to pay= Present Value (PV) of Par Value+ PV of annual Coupon Payment
Price willing to pay=$258.419+$847.521
Price willing to pay=$1105.94
The imports of this country are around $2 trillion.
The GDP of a nation refers to the value of all the final goods and services produced in the country in that year. It is calculated by the formula:
<em>GDP = Consumption + Government Spending + Investment + Exports - Imports</em>
15 = 9 + 2 + 3 + 3 - Imports
15 = 17 - Imports
Imports + 15 = 17
Imports = 17 - 15
Imports = $2 Trillion
In conclusion, the imports are $2 Trillion
<em>Find out more at brainly.com/question/7555206.</em>
Answer:
Protected status
Explanation:
In simple words, the trade secret is said to be protected when it has an economic value to the founding company or the company handling it and anyone who is exposed to the information regarding that is legally bound to not to disclose it.
Thus, from the above we can conclude that the given scenario indicates protected status.