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vivado [14]
3 years ago
7

An actor invests some money at 5​% simple​ interest, and ​$21 comma 000 more than three times the amount at 6 %. The total annua

l interest earned from the investment was ​$29 comma 550. How much did he invest at each​ amount?
Business
1 answer:
pshichka [43]3 years ago
5 0

Answer:

The total amount invested at 5% is $123,000

The total amount invested at 6% is $390,000

Explanation:

M = amount of money invested at 5%

3M + 21,000 = amount of money invested at 6%

0.05M + 0.06(3M + 21,000) = 29,550

0.05M + 0.18M + 1,260 = 29,550

0.23M = 28,290

M = 28,290 / 0.23 = 123,000

3M + 21,000 = 369,000 + 21,000 = 390,000

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In which of the following would cooperation be most likely to work in a repeated​ prisoners' dilemma​ game?
levacccp [35]

Answer:

Option C is correct.

<u> When the game will be repeated infinitely.</u>

Explanation:

The collaborations will undoubtedly work in a repeated​ prisoners' dilemma  game when the game will be rehashed infinitely.  

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The collaborations choose to work with boundlessly rehashed games by participating and embracing a socially ideal methodology.  

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8 0
3 years ago
Customer law is the system that is designed to protect the people involved in a market?
kozerog [31]

The answer is: A) True

Consumer law was created to help prevent and detect fraudilent business practices.

7 0
2 years ago
Read 2 more answers
Comprehensive coverage under the Personal Auto Policy pays for damage to the insured auto caused by all of the following except:
Maksim231197 [3]

Answer:

c. nuclear accident

Explanation:

Personal Auto Policy is the most common policy for the insured. However, Nuclear accident is not covered under this policy. The policy covers hail, collision with animals and birds as well as falling tree branches.

5 0
3 years ago
Outstanding stock of the Abel Corporation included 20,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumu
grigory [225]

Answer:

So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.

Explanation:

A non cumulative preferred stock is a kind of stock that has a preference in terms of dividend payment over ordinary/common stock. This means that the dividend on the preferred stock is paid first and any remaining amount after dividend payment to this stock is distributable among common stockholders. Furthermore, in case dividends are not paid in a particular year, that year's dividends are not payable in future in case the stock is a non cumulative one. So, the dividends paid to non cumulative preferred stock in 2010 will be,

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5 0
3 years ago
Baruk Industries has no cash and a debt obligation of $36 million that is now due. The market value of​ Baruk's assets is $ 81$8
Gre4nikov [31]

Answer and Explanation:

The given values are:

Debt obligation

= $36 million

Market value

= $81 ​million

Outstanding shares

= $10 million

(a)...

Net Assets of the firm will be:

= 81 - 36

= $45 \ million

Now, the current share price will be:

= \frac{45}{10} = $4.5 \ per \ share

(b)...

Number of shares to be issued to repay debt obligation will be:

= \frac{36}{4.5} = $8 \ million \ shares

(c)...

The total number of outstanding shares will be:

= 10+8

= $18 \ million

Now,

The Current share price will be:

= \frac{Net \ assets \ of \ the \ firm}{Total \ no \ of \ outstanding \ shares}

= \frac{81}{18}

= $4.5 \ per \ share

8 0
3 years ago
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