Answer:
$52,526
Explanation:
In two years i have $35,000.
the amount invested thus the Principle amount is $35,000
Pv = $35,000
r = 7 %
PMT = $0
n = 6
Fv = ?
Note that The 8 th year is the sixth year of this investment.
FV = PV × (1 + r) n
= $35,000 × ( 1 + 0.07) 6
= $52,525.56
= $52,526
<span>the answer for this question is 10.50%</span>
A. It is decreased by 50,000 (I'm 50% sure)
6% of 50,000 is 3,000
True. When you analyze the key elements of a country's economic perspective environment, it is best to apply a systems perspective. When you follow the systems perspective you should be taking all of the behaviors, attributes and actions of a system when it's in its environment. instead of individualizing people and things within, it's an overall evaluation of the system.
Answer:
65 months
Explanation:
Data provided in the question:
Limit of the credit card = $1,000
Cost of the new CD player and speakers = $975
Minimum monthly payment made by Katsumi = $15
Now,
since there are no finance charges charged,
therefore,
the net payment that has to be made is $975
Therefore,
Months needed to pay off the rate
= [ Net payment amount ] ÷ [ Minimum monthly payment ]
= $975 ÷ $15 per month
= 65 months