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Afina-wow [57]
3 years ago
11

If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t

he account's future value in one year? Group of answer choices Future value equals the present value multiplied by the rate of interest. Future value equals the present value divided by the rate of interest. All of these yield the same answer. Future value equals the present value multiplied by one plus the rate of interest in decimals.
Business
1 answer:
Ainat [17]3 years ago
3 0

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

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An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. this predicti
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When an economist makes a prediction that a rise in consumer incomes will increase the demand for bicycles sold by a bicycle company, it is made on assumption that bicycles are normal goods. Therefore, the option A holds true.

<h3>What is the significance of normal goods?</h3>

The normal goods or services being sold in the market of an economy can be referred to or considered as goods that have a direct relation with the demand for such goods, which are affected by consumer income.

As per the behavior of normal goods, it can be inferred that their demands increases with a given increase in the disposable income of the consumer, such as the one in the condition given above.

Therefore, the option A holds true and states regarding the significance of normal goods.

Learn more about normal goods here:

brainly.com/question/24100151

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A. Normal goods

B. Luxury Goods

C. Inferior Goods

D. None of the Above

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