1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill115 [55]
3 years ago
14

How much would $100, growing at 5% per year, be worth after 75 years? a. $4,077.43 b. $4,281.30 c. $3,883.27 d. $3,689.11 e. $4,

495.37
Business
1 answer:
Zielflug [23.3K]3 years ago
5 0

Answer:

The answer is c. $3,883.27

Explanation:

For the problem, we will be using the formula for calculating the Future Value of money, which is:

F= P(1+r)^{n}

Where:

F - future value

P - Principal amount = ($100)

r - rate of growth in percent = (5% or 0.05)

n - number of years = (75)

We calculate thus:

F = 100(1 + 0.05)^{75}

F = 100(1.05)^{75}

F = 100  X  38.8327

F = 3,883.27

therefore the amount after 75 years will be $3,883.27

You might be interested in
Suppose that the country of Samiam produces only eggs and ham. In 2005 it produced 100 dozen eggs at $3 per dozen and 50 pounds
kozerog [31]

Answer:

d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.

Explanation:

Real GDP is total output produced in an economy within a given period multiplied by base year prices

Nominal GDP is the sum of all final goods and services produced in an economy within a given period multiplied by current year prices.

Nominal GDP = (100 × $3) + (50 × $4) =

$500

Real GDP = (100 × 1.5) + (50 × $5) = $400

GDP deflator = (nominal gdp / real gdp) x 100

(500 / 400) × 100 = 125

I hope my answer helps you

6 0
3 years ago
Condensed financial data are presented below for the Phoenix Corporation:
dybincka [34]

Answer:

profit margin 7.77%

<em><u>Interpretation: </u></em> from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

<em><u>Interpretation: </u></em>the inventory is sold 3 and a half times during the year

Explanation:

the profit margin is the quotient between net income and sales.

\frac{net \: income}{sales} = $profit margin

127,500 / 1,640,000 = 7.77%

the inventory turnover wil be the cost of good sold over the average inventory during the year

(312,500 + 257,500)/ 2  = 285,000

982,500 / 285,000 = 3,447368421

6 0
3 years ago
Suppose that the market price for a bottle of vitamins is $2.54 and that at that price the total market quantity demanded is 105
Mars2501 [29]

Answer:please refer to the explanation section

Explanation:

The question is incomplete, The amount that each firm must produce is not given or the Quantity/demand equation that each firm faces is not given. We use a firm's quantity/demand equation to calculate how much each firm should produce and then work out the number of firms that should exist in the industry.

let us assume quantity produced by each firm is given by this equation;

Q = 1900 + 15000Price

We need to plug the Price of $2.54 per unit Vitamin Bottle to the quantity equation. Q = 1900 + 15000(2.54) = 40 000

each firm must produce 40 000 units

Number of firms that should exist = Total Market Quantity/Firms Quantity Number of firms that should exist = 1055 560 000/40 000

Number of firms that should exist = 26389

When the price is $2.54, with each firm Producing 40000 units, 26389 firms should exist in the market to cover the total Market Quantity of 1055 560 000.

The question may provide you with the Quantity that each firm must produce, in that case you simple divide total market quantity by the firm's quantity to find number of firm that should exist.

When you are given quantity equations you use the price to work out quantity produced by each firm and then Divide the Market Quantity by Firm's quantity to find number of firms that should exist

6 0
3 years ago
The original capital that you deposit or invest is called the
bonufazy [111]

I think that it's either C or D but i'm going to go with D but if that's not the correct awnser is C

5 0
3 years ago
Read 2 more answers
Steve goes to Tri-State University and pays $40,000 in tuition. Steve works a part-time job to pay for his schooling and has an
xxMikexx [17]

Answer:

$2,500

Explanation:

The calculation of American opportunity tax credit is shown below:-

According to the given situation, Steve's part-time job wouldn't come in between his not applying for the credit as the AGI is lower than the applying number.

Therefore, the credit would be 100% of first is

= $2,000 + 25% (Increased)

= $2,500

6 0
3 years ago
Other questions:
  • If a stock's dividend is expected to grow at a constant rate of 5% a year, which of the following statements is CORRECT? The sto
    7·1 answer
  • Precise Machinery is analyzing a proposed project that is expected to sell 1,450 units, ±3 percent. The expected variable cost p
    9·1 answer
  • A city ordered uniforms with an expected cost of $6,000 for policemen. This amount is encumbered.
    14·1 answer
  • What do capital controls prevent?
    12·2 answers
  • A monthly fixed rate mortgage payment
    9·1 answer
  • Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to pric
    14·1 answer
  • Which is a disadvantage of having a traditional economy?
    14·2 answers
  • On August 31,the balance sheet of La Brava Veterinary Clinic showed cash $9,000,Account receivable$1700,supplies $600,equipments
    12·2 answers
  • Bramble Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6
    11·1 answer
  • listen here lads i need a sonnet about food or cars or sports or video games mainly rocket league o cod
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!