1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariana [72]
3 years ago
15

How much must be deposited at the beginning of each year to accumulate to $25,000 in two years if interest is at 9%?

Business
1 answer:
Alika [10]3 years ago
7 0

Answer:

$10,974.05

Explanation:

Given that,

Amount to accumulated = $25,000 in two years

Interest rate = 9%

Let the amount be X,

Total amount after two years:

= Year 1 + Year 2

= X(1.09)^2 + X(1.09)

= 1.1881 X + 1.09X

= 2.2781 X

SO,  Total amount after two years:

2.2781 X = 25,000

X = 25,000 ÷ 2.2781

  = $10,974.05

Hence, the amount deposited at the beginning of each year is $10,974.

You might be interested in
A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is
Scorpion4ik [409]

Answer: With a loss

Explanation:

The firm here has its Marginal cost higher than it's marginal revenue.

This means that for every additional unit sold, the company is incurring a loss of $0.50 which is the difference between the marginal cost and the marginal revenue.

The company is therefore operating at a loss because every additional unit is costing them instead of benefitting them. To counter this, they need to reduce production so that marginal cost will fall.

5 0
3 years ago
If the consumption of a good generates positive externalities, then which of the following is correct? The government can subsid
vekshin1

Answer:

Both of these answers are correct.

Explanation:

Positive externality is when the benefits of economic activities to third parties exceeds its cost.

Activities that generate positive externality are

1. Education

2. Research and development

To encourage activities that have positive externality, government can subsidise such activities. Subsidies makes the activity cheaper and incentivise people to carry out such activities.

Market forces may lead to an underallocation of resources to producing the good. Therefore, the government might intervene in the allocation of the resources to increase efficiency.

I hope my answer helps you.

4 0
2 years ago
Stanley likes using fountain pens. When he came across a new series of fountain pens manufactured by Dilloit Pens, he eagerly bo
satela [25.4K]

Answer: (C) Perceived value

Explanation:

 The perceived value is the term which is basically refers to the marketing terminology in which the users or the consumers evaluates the products and the services ability so that it meets their specific requirement and the needs.

According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.

  Therefore, Perceived value is the correct answer.

6 0
3 years ago
What is the safetest way to dispose of old bank account statements?
julia-pushkina [17]
The safest way to dispose of old bank statements - or anything with sensitive information - is shredding them.
7 0
2 years ago
Which of the following is incorrect regarding how a differentiation strategy can help a firm to improve its competitive position
nirvana33 [79]

Answer:

A. Supplier power is increased, because suppliers will be able to charge higher prices for their inputs

Explanation:

3 0
3 years ago
Other questions:
  • What US government agency creates and enforces standards for workplace health and safety?
    7·2 answers
  • ____ components for eating disorders account for 40 to 60 percent of risk for anorexia
    9·1 answer
  • Which of the following is NOT a perceived pressure that can lead to employee fraud?​ a. ​frustration with a co-worker b. ​experi
    12·1 answer
  • When supply and demand meet at the equilibrium point, prices in the market will:____________.
    7·1 answer
  • Which factor that affects income is within a worker's control?
    15·1 answer
  • Deregulation occurs when the government no longer determines what role each company can play in the market and how much the comp
    13·2 answers
  • Cheryl wants to become a fashion designer someday. Which of these goals is under her control? A. Getting a department store to b
    14·1 answer
  • Macee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertising co
    8·1 answer
  • Services from health care to education are provided to people by the government. This is an example of _____.
    11·1 answer
  • A recent college graduate with a major in economics attends a job fair but has not yet found a job. this graduate is counted as
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!