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Arte-miy333 [17]
2 years ago
6

You have $1200 to invest in a bank account with an interest rate of 4.5%, compounded monthly. After how many years will your acc

ount total pass $2100?(A) 12 (B) 13 (C) 14 (D) 15
Business
1 answer:
solmaris [256]2 years ago
3 0

Answer:

13

Explanation:

After 13 months total amount will be $2126.64

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What is the typical relationship between time and interest rate everfi?
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3 years ago
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2 years ago
Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi
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Answer:

The increase in savings resulting directly from this change in income is $500

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Explanation:

In order to calculate The increase in savings resulting directly from this change in income we would have to make the following calculation:

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