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notka56 [123]
3 years ago
6

PLEASE HELP

Business
2 answers:
stealth61 [152]3 years ago
8 0
<span>C.open up a savings account with a bank, because she can get interest and earn more money from people getting loans and using her money so she saves and earns money while doing nothing.

Hope This Helps!!</span>
snow_lady [41]3 years ago
6 0
Hey there,

Your correct answer would be "<span>open up a savings account with a bank".

Hope this helps.

~Jurgen</span>
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2. What were the major industries involved in the development of the West, and how did these industries transform the western ec
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Answer:

1) Mining

2) Ranching

3) Commercial Farming

Explanation:

The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.

The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.

The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.  

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During your presentation, why should you "listen" to your audience
givi [52]
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Read 2 more answers
ASSUME that in 25 years you will need $500,000 for your retirement (i.e. retirement is actually 25 years away, and you want to h
lara [203]

Answer:

The correct answer is:

$73,009 (a.)

Explanation:

Future value is the accumulated compounded interest on a certain amount (present value) invested over a specified period of time.

To calculate the future value or present value, the nominal annual interest, the duration of investment and the present value or future value respectively must be known. The relationship is shown mathematically as:

FV=PV(1 + i)^{n}

or PV = \frac{FV}{(1 + i)^n}

where FV = Future value

PV = present value

i = nominal interest rate in percentage

n = number of compounding period

note: nominal interest rate is interest rate before inflation adjustments or interest rate before the effect of compounding

In this question, we are to determine the present value (PV), because the future value after 25 years is set as $500,000.

∴ PV = \frac{FV}{(1 + i)^n}

\\ PV = \frac{500,000}{(1 + 0.08)^2^5} = \frac{500,000}{6.8485} = 73,008.7

= $73,009 (to the nearest dollars)

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