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Arte-miy333 [17]
3 years ago
10

Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on

her $1,000 balance. All other things being equal, how much money will Addison have in her account in nine years?
Business
1 answer:
love history [14]3 years ago
5 0

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

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Camellia, a merchandising​ company, has provided the following extracts from their budget for the first quarter of the forthcomi
MrRissso [65]

Answer:

<em>555 000 US$ </em>

Explanation:

                <em>Cash sales(25%)                            Credit sales(75%) </em>

January  (400,000*25%)=100000                    (400,000-100000)=300,000

February  (600,000*25%)=150,000            (600,000-150,000)=450,000

Customer collections to the month of February.

= $150,000 + ($450,000 * 0.7) + ($300,000*0.3)

<em>(Balance collections = (100 - 70) = 30%) </em>

8 0
4 years ago
Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent ea
kondaur [170]
1. 30000 x 5% = 1500.
2. 30000 - 1500 (because it has depreciated) = 28500.

So, the Accumulated depreciation account after the first year would be $28,500 (D).


I hope it helped you!
3 0
4 years ago
Read 2 more answers
1. The marginal propensity to consume I. has a negative relationship to the multiplier. II. is equal to 1. III. represents the p
Flauer [41]

Answer: c. III only

Explanation:

The marginal propensity to consume (mpc) measures the proportion of a consumers income that is spent.

The marginal propensity to save (mps) measures the proportion of a consumers income that is saved.

It is usually assumed that disposable income is either saved or spent, so mps + mpc = 1

The multiplier is measured as : 1 / MPS or 1 / (1-MPC)

the MPC has a positive relationship with the multiplier.

6 0
4 years ago
A disadvantage of using social media for marketing research is
Elis [28]

Answer:

the sample of individuals from whom content is gleaned may not be statistically representative of the marketplace.

Explanation:

The product that is promoted by Marketing team tend to be suitable only for costumers with specific set of characteristics. (Could be depended on their age, income, gender, etc)

The data that is gained from internet more often than not will come from anonymous Account. You can never be sure about the account's owner identity and characteristic.

Which mean that the person from which the data is taken  do not necessarily represent the market demographic that the marketing team want to target.

6 0
4 years ago
The Academic Computing Center has five trainers available in its computer labs to provide training sessions to students. Assume
kogti [31]

Answer:

87.72%

Explanation:

Calculation to determine the ratio of the utilization of the system to its efficiency

Using this formula

Ratio=Orientation session/Effective capacity of the Academic*100

Let plug in the formula

Ratio = (1,500 / 1,710) * 100

Ratio= 0.8772 * 100

Ratio= 87.72%

Therefore the ratio of the utilization of the system to its efficiency will be 87.72%

4 0
4 years ago
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