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NeX [460]
3 years ago
9

Daphne invests $5,800 in a savings account at the beginning of each of the next fifteen years. If his opportunity cost rate is 6

percent compounded annually, how much will her investment be worth after the last annuity payment is made
Business
1 answer:
bagirrra123 [75]3 years ago
6 0

Answer:

The answer is $135,000

Explanation:

FV = P * ([1 + I]^N - 1 )/I

FV= 5800* ([1 + 0.06]^15 - 1 )/0.06 = $135,000.35= <u>$135,000</u>

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The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it f
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3 years ago
In the IS–LM model, a decrease in the interest rate would be the result of a(n): increase in government purchases. increase in t
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Answer:

Increase in money supply

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5 0
3 years ago
The management at ABC Computers believes that high sales will result in high profits. Together with the company sales force, man
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Answer:

sales orientation

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Sales Orientation -

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