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Vesna [10]
4 years ago
6

If you deposit $86,601 in an account that earns 4% per year, compounded annually. What would be the balance in the account at th

e end of 32 years?
Business
1 answer:
masya89 [10]4 years ago
7 0

Answer:

$303,801.3955

Explanation:

The formula for calculating the total amount at the end of 32 years using the compounding interest is mentioned as follows:

Future value=P(1+i)^n

Where in given question

Future value=?

P=amount deposited today=$86,601

Interest rate=4%

n=number of years involved=32

Future value=86,601(1+4%)^32=$303,801.3955

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A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?
Irina-Kira [14]

Answer:

Percentage of savings off=45%

Explanation:

Savings=discount×Original item price

First save=(25/100)×179.99=$44.9975

Additional save=(20/100)×179.99=$35.998

Total savings=(44.9975+35.998)=$80.9955

Percentage of savings=(Total saving/Original price)×100

(80.9955/179.99)×100=45%

8 0
4 years ago
Brett wants to sell throw blankets for the holiday season at a local flea market. Brett purchases the throws for $15 and sells t
Fynjy0 [20]

Answer:

$750

Explanation:

Total cost for Brett = Rental cost + Buying cost for 200 throws

Total cost for Brett = $1,500 + ($15*200)

Total cost for Brett = $1,500 + $3,000

Total cost for Brett = $4,500

Total income for Brett = Demand * Selling cost

Total income for Brett = 150 * $35

Total income for Brett  = $5,250

Payoff = Income - Cost

Payoff = $5,250 - $4,500

Payoff = $750

4 0
3 years ago
Across the United States, some states are implementing policies that guarantee universal preschool across the state. These state
Marta_Voda [28]

Answer: There will be an increase in the demand for qualified preschool teachers.

Explanation:

From the question, we are told that across the United States, some states are implementing policies which will guarantee universal preschool across the state and that the policies will be based on well-publicized success of high-quality preschool programs across the country.

The impact of this policy is that there will be a rise in the demand for preschool teachers that are qualified. Recruiting highly qualified preschool teachers will be the way to the government to achieve their aims and objectives.

6 0
3 years ago
Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good: a) se
garik1379 [7]

Answer: B

Explanation:Sellers of the goods will increase the quantity of the goods supplied in the market.

the shift rightwards is to show that there is a increase in the quantity demanded so the seller will definitely increase the quantity goods supplied.

6 0
3 years ago
What type of economy is an economic system in which private businesses can operate freely with minimal state control
kkurt [141]
Market economy is the economic system which private businesses can operate freely with minimal state control
7 0
3 years ago
Read 2 more answers
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