Comparing the horizontal analysis of McDonald's financial statements to the horizontal analysis of Burger King's financial sta
1 answer:
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Answer:
cutting taxes by $125 billion
Explanation:
given data
economy = 0.8
expenditure gap = $100 billion
to find out
cutting taxes
solution
we get here cutting or reduce taxes that is express as
cutting taxes = ......................... 1
cutting taxes =
solve we get cutting taxes
cutting taxes = $125 billion
so cutting taxes by $125 billion
Answer:
8.95%
Explanation:
Data provided in the question:
Time, n = 29 years
Principle amount = $200,000
Future value = $2,400,000
Now,
Using the compounding formula
Future value = Principle × [ 1 + r ]ⁿ
here,
r is the interest rate
Thus,
$2,400,000 = $200,000 × [ 1 + r ]²⁹
or
[ 1 + r ]²⁹ = 12
taking the natural log both the sides, we have
29 × ln(1 + r) = ln(12)
or
ln(1 + r) = 0.08569
or
1 + r =
or
1 + r = 1.0895
or
r = 0.0895
or
r = 0.0895 × 100% = 8.95%