Answer:
$1,101.32
Explanation:
Simple interest accounts balances are calculated using the following formula
A = P ( 1 + rt)
where:
A = final account balance
P = starting balance
r = interest rate (annually) percentage divided by 100
t = years
Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.
1,250 = P ( 1 + (0.045 * 3))
1,250 = P * 1.135 ... divide both sides by 1.135
1,101.32 = P
Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.
Answer:
He can choose to defer the recognition of the income until next year, only if the income is not recognized for financial accounting purposes.
Answer:
True.
Explanation:
The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.
Answer:
87.50%
Explanation:
The calculation of value of Zook's currency will decrease in percentage is shown below:-
For computing the Percentage decrease first we need to find out the value of money which is shown below:-
Value of money = 1 ÷ Price level
= 1 ÷ 8.00
= 0.125
Percentage decrease = (Value of money - 1) ÷ 1 × 100%
= (0.125 - 1) ÷ 1 × 100%
= -0.875 ÷ 1 × 100%
= 87.50%
