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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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Trava [24]

Answer:

The answer is: $3.00

Explanation:

In order for Chuck Diesel Burger to make a profit it must sell its product at ˃$3.75.

If it sells its product at $3.75 it will break even (costs = revenue).

If its price is <3.75 but ˃$2.50 it will lose money but still produce, since its revenue is ˃ than its variable cost.

Any price ≤$2.50 would make it impossible for Chuck Diesel Burger to continue production since its revenue is < variable production costs.

5 0
3 years ago
Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest in
mars1129 [50]

Answer:

1. The most that the farmer would pay to rent 20 acre is $100.

2. The price of wheat rose to $6 per bushel is $900.

Explanation:

Given the information, we have:

Total cost per acre

= $35 + $80 + $70 = $185

Revenue from wheat per acre

= 40 x $5 = $200

Contribution per acre = $200 - $185 = $15

The most that the farmer would pay to rent 20 acre is

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If the price of wheat rose to $6, the most that farmer would pay

= 20 x (240 - 185 - 10)

= $900

5 0
3 years ago
Which of the following statements is TRUE of payback​ period? A. If the payback period is greater than the maximum acceptable pa
Firdavs [7]

Answer:B. If the payback period is less than the maximum acceptable payback​ period, accept the project.

Explanation:

The payback period measures if a capital investment is profitable.

The payback period measures how long it takes to recover the amount invested in a capital project. It calculates how long it takes for the cash flows generated from a capital project to be equal to the cost.

For example if a project costs $10,000. It cash flows in year 1,2,3 and 4 are $5000, $3000, $2000, $6000. The payback period is 3 years. If the company has a maximum acceptable payback period of 2 years, then the company won't take on the project because its payback period is more than the maximum acceptable payback period.

If the company has a maximum acceptable payback period of 4 years, then the company would take on the project because its payback period is less than the maximum acceptable payback period.

7 0
3 years ago
Ensuring that all the right people, equipment, and materials arrive on time is especially challenging when using which layout? M
Mila [183]

Answer: Fixed-position layouts

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3 years ago
When loans are amortized, monthly payments are ________ , while the interest portion of the monthly payment ________ and the pri
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Explanation:

4 0
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