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ozzi
3 years ago
11

Today you put $1000 in the bank. your bank pays 5% interest, continuously compounded. in 3 years, how much money will you have i

n the bank (rounded to the nearest dollar)?
Business
1 answer:
IRINA_888 [86]3 years ago
4 0

With continuous interest,
F=Pe^{rt}
where 
F=future value
P=principal = 1000
r=rate=5%
t=time=3 years

F=Pe^{rt}
=1000e^{0.05*3}
=1000e^{0.15}
=1161.83

Answer: The accumulated amount after three years is $1161.83
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Answer: C. an implied contract.

Explanation:

An Implied Contract is one that arises as a result of the way one or both of the parties involved in the contract acts towards the other.

Unlike an Express Contract, it need not be written down but it does have the same legal weight and strength of a written contract.

The basic principle of this contract is that people should always be treated fairly in business transactions so the need to always pen it down is not necessary.

By walking in and leaving his clothes at the laundry, Bill got into an Implied Contract as it would be unfair for Tom to just clean his clothes with no payment.

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I had to look for the options and here is my answer:

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3 years ago
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country x has a budget deficit. which of the following changes in government budget outlays and tax revenues will result in a de
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<h3>What is a Budget Deficit?</h3>

When there is a shortfall between the available funds or revenue required to service the budget, the country is said to be operating in a budget deficit situation. Note that outlay means spending.

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2 years ago
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3 years ago
Hochberg Corporation uses an activity-based costing system with the following threeactivity cost pools:Activity Cost Pool Total
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Answer:

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Depreciation                160,000                   15 %                     24,000

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